$ 1,549,000
-
$1,549,000
Price -
18
Bed -
9
Bath -
5,804
SqFt
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About the Listing CLW-X81609 - CLW-C132407
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.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Residential
MLS ®
26660577
Year Built
1901
Total Square Footage
5,804
Lot/Acreage
0.23
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 18
- Bathrooms: 9 Full
- Appliances: Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Laminate,Tile,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 12
- Lot Dimensions: 70x140
- Zoning: LAR3
- Roof:
- Others:
- Sewer:
- Parking Features: Controlled Entrance,Driveway,On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5076016010
- Tax Year: N/A
Payment Calculator
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Questions About..
1250 Magnolia Ave Los Angeles, CA 90006
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