1200 Magnolia Avenue

Los Angeles, CA 90006

$1,500,000
Last Sold Price
9,142 / 0.21
Lot Size / Acres

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.
  1. Listed by David Kaufman • DRE #01217537 • Brokerage DRE #01217537 • David Ballin Kaufman

Property Details for 1200 Magnolia Avenue

Water Front
None
Zoning
LAR3
Cross Streets
Magnolia Ave & W 12th St
Parcel Number
5076016005
Area
Mid-Wilshire (C17)
Lot Size Area
9142
Source Lot Size Area
Owner
Assessor Parcel Number
5076-016-005

Location

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Sold By David Ballin Kaufman, David Kaufman, DRE #01217537

Add your commute
LISTING UPDATED: 02/06/2023 02:25 PM

Property Details for 1200 Magnolia Avenue

StatusSold
MLS #22-161349
Days on Market174
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.21 AC
CountyLos Angeles County

Location

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Sold By David Ballin Kaufman, David Kaufman, DRE #01217537

Add your commute

Building Information for 1200 Magnolia Avenue

Lot Size0.21 AC

Payment Calculator

$9,502 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$1,316

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1200 Magnolia Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.2099
  • Lot Size Square Feet: 9142
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 06-17-2022

Property History for 1200 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.