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1200 Magnolia Avenue
Los Angeles, CA 90006
Sold
1200 Magnolia Avenue
Los Angeles, CA 90006
Sold
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.
PROPERTY INFORMATION
| MLS # | 22161349 | Lot Size | 9,142 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,575,000
Price Per SqFt: $ 172 |
DOM | 1052 Days |
| Address | 1200 Magnolia Avenue | Type | Land |
| City | Los Angeles | Sq.Ft. | 9,142 Sq. Ft. |
| Postal Code | 90006 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2023-02-06 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
Walk Score: 91 (Walker's Paradise)
Transit Score: 74 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,680
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/06/2023 | Sold | $1,500,000 |
| 01/18/2023 | Price Change (Relisted) | $1,575,000 (-11.27%) |
| 01/10/2023 | Active | $1,775,000 |
| 11/28/2022 | Pending | $1,775,000 |
| 06/17/2022 | Listed | $1,995,000 |
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Listing provided courtesy of David Kaufman, David Ballin Kaufman. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
