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1250 Magnolia Avenue, Los Angeles, CA 90006

Single-family home · 2 recorded sales since 2016

1250 Magnolia Avenue, Los Angeles, CA 90006 Sold July 2026 CRMLS
$1,420,000Sold July 2026

Listing Agent: Cory Green (DRE #01989091) · Listing Office: The Hills Premier Realty · Bought with: Cory Green · The Hills Premier Realty · MLS #26660577 · Source: CRMLS

18
Bedrooms
9
Bathrooms
5,804
Sq Ft
9,803 sqft
Lot Size
1901
Year Built
Single-family home
Type
CentralAir
Cooling
Central
Heating

How this sale compares

1250 Magnolia Avenue sold for $1,420,000 in July 2026, 8.3% under its $1,549,000 list price, after 42 days on the market. That works out to $245 per square foot on 5,804 square feet. Across 53 closed sales in 90006 over the last 12 months, the median sold price is $879,000 and the median is $513 per square foot, 109% above this sale's $245.

$245
This sale, per sq ft
$513
90006 median per sq ft (12 mo)
$879,000
90006 median sold price (12 mo)
53
Closed sales in 90006 (12 mo)
42
Days on market
−8.3%
Sold vs. list price
QuarterClosed sales in 90006Median sold price
Q1 20269$875,000
Q2 202628$827,500
Q3 202616$1,035,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90006

Description

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 description from the July 2026 sale, as reported to CRMLS.

Sale history

$1,420,000
Sold July 2026 · listed $1,549,000, on market March 2026, 42 days on market · MLS #26660577 · Source: CRMLS
Listing Agent: Cory Green · Listing Office: The Hills Premier Realty · Bought with: Cory Green · The Hills Premier Realty
$1,270,000
Sold March 2016 · listed $1,349,000, on market January 2016, 81 days on market · MLS #16973897 · Source: CRMLS
Listing Agent: Kenneth Leon · Listing Office: Quest Realty Group, Inc. · Contact: 818-501-8059 · Bought with: Heeba Qureshi · Quest Realty Group, Inc.

Recent sales near 1250 Magnolia Avenue

Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →

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Sale history for this address is based on MLS-reported closed transactions provided through CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Nalren does not provide price estimates or valuations.

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