1250 Magnolia Avenue, Los Angeles, California 90006, Los Angeles, 90006 - 22 bed, 11 bath
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Los Angeles, California 90006
Analysis of 1250 Magnolia Avenue, Los Angeles, California 90006 is currently available with a list price of $1,549,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although originally built in 1901, the property has undergone significant interior renovations that align with the 'good' condition category. Interior images reveal modern wood-look flooring, updated paint schemes, and contemporary architectural details such as glass railings and a modern chandelier. The exterior appears well-maintained with a clean paint job, and the configuration of 9 en-suite bedrooms suggests substantial updates to the plumbing and layout within the last 5 to 15 years. The property is presented as a functional, move-in ready investment asset.
With 22 bedrooms in a boarding house-style layout, the property is positioned to generate significant cash flow in Koreatown, one of Los Angeles' most supply-constrained and high-demand rental markets.
The property offers on-site parking for up to 12 vehicles, a rare and premium feature for this dense urban area that significantly increases the asset's value and tenant appeal.
Situated on a large 9,800 sq ft lot zoned LAR3, the property provides a versatile opportunity for investors to either reposition the existing 5,800 sq ft structure or pursue future high-density development.
Built in 1901 and sold in 'as-is' condition, the property likely requires substantial capital investment to address deferred maintenance and modernize aging systems.
The boarding house configuration with shared bathrooms entails higher management intensity and requires rigorous due diligence regarding rent control, unit count permits, and local housing regulations.
A compelling investment and development opportunity in the heart of Koreatown, one of Los Angeles' most dense and high-demand rental markets. This gated Craftsman-style property sits on an approximately 9,800 sq ft lot with an existing structure of approximately 5,800 sq ft and offers on-site parking for up to 12 vehicles, a rare and valuable feature for the area.The property features a boarding house-style configuration with 9 bedrooms with en-suites and 9 singles with 3 shared bathrooms, with strong curb appeal and on-site laundry. The dense, supply-constrained submarket supports consistent rental demand, with additional income potential through furnished or corporate housing strategies, subject to buyer verification and local regulations. Zoned LAR3 per public records. Offered as-is. Ideal for investors or developers seeking a flexible asset with both income and repositioning potential. All information deemed reliable but not guaranteed. Buyer to conduct their own due diligence regarding zoning, use, unit count, square footage, lot size, permits, rent control applicability, income projections, and development feasibility.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 22.0 | 4.0 | 86% |
| Baths | 11.0 | 3.0 | 86% |
| Square foot | 5,804 | 2,308 | 86% |
| Lot Size | 9,803 | 5,876 | 86% |
| Price | $1.55M | $1.09M | 86% |
| Price per sq ft | $267 | $399 | 14% |
| Built year | 1901 | 1904 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 88 | 98 | 43% |
Mar 10, 2026
$1,549,000
Initial Listing
Mar 15, 2016
$1,270,000
Public Record
Mar 11, 2003
$480,000
Public Record