1200 Magnolia Avenue
1200 Magnolia Avenue
$1,500,000
9,142 / 0.21
Sold 2/6/23
Description
This 9,142 SF lot is situated on the corner of Magnolia Ave and W 12th St. with alley access. The site will be delivered with Ready to Issue Permits (RTI) for a 21-unit apartment complex with a mix of 18 1+1s, two (2) of which are Extremely Low Income (ELI), and three (3) 2+2s. This lot is located in an opportunity zone allowing for tax benefits with LAR3zoning. This lot is in a highly sought-after redevelopment area in Koreatown, Los Angeles, an up-and-coming area for multifamily living and redevelopment...This 9,142 SF lot is situated on the corner of Magnolia Ave and W 12th St. with alley access. The site will be delivered with Ready to Issue Permits (RTI) for a 21-unit apartment complex with a mix of 18 1+1s, two (2) of which are Extremely Low Income (ELI), and three (3) 2+2s. This lot is located in an opportunity zone allowing for tax benefits with LAR3zoning. This lot is in a highly sought-after redevelopment area in Koreatown, Los Angeles, an up-and-coming area for multifamily living and redevelopment opportunities. Koreatown is an ideal Los Angeles area, accessible to endless amenities, public transportation, including the Subway, and is just miles from a densely populated, amenity-rich downtown area. This Ready to Invest (RTI) Site with a high quality and efficient development design, and in an opportunity zone with benefits available, is a rare find in Los Angeles.
- Listed by David Kaufman • DRE #01217537 • Brokerage DRE #01217537 • David Ballin Kaufman
Property Details for 1200 Magnolia Avenue
Water Front
None
ZoningLAR3
Cross StreetsMagnolia Ave & W 12th St
Parcel Number5076016005
AreaMid-Wilshire (C17)
Lot Size Area9142
Source Lot Size AreaOwner
Assessor Parcel Number5076-016-005
Location
LISTING UPDATED: 02/06/2023 02:25 PM
Property Details for 1200 Magnolia Avenue
Status | Sold |
---|---|
MLS # | 22-161349 |
Days on Market | 174 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.21 AC |
County | Los Angeles County |
Location
Building Information for 1200 Magnolia Avenue
Lot Size0.21 AC
Payment Calculator
$9,502 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1200 Magnolia Avenue
Property History for 1200 Magnolia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1200 Magnolia Avenue
Taxable ValueLand$1,261,413Additions-Total$1,261,413
Tax Record2023$15,797 ($1,316 / month)
Home Facts
Total Finished SqFt3,681 SqFtAbove Grade Finished SqFt3,681 SqFtStories1Lot Size9,141 SqFtStyleTriplexYear Built1907ZoningLAR3CountyLOS ANGELESAPN5076-016-005
Schools near 1200 Magnolia Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Leo Politi Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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