NOT LISTED FOR SALE

1200 Magnolia Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,558,000 - $1,913,000

0.21 Acre
$8,178,171 Price per Acre
9,142 Sq Ft Lot

Last Sold February 06, 2023

Last sale price $1,500,000

Est. 14% increase in value since last sale

Current estimated payment $10,731/month

225 Days on Market

About This Lot

As of February 2023

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.

Last Agent to Sell the Property

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 06/15/2022

Last Buyer's Agent

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 06/15/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,019

Lot Details

  • 9,142 Sq Ft Lot
  • Property is zoned LAR3

Property Views

  • City Views

Listing and Financial Details

  • Assessor Parcel Number 5076-016-005

Property Details

Property Type

Land

Est. Annual Taxes

$19,019

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.2099
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5076-016-005
  • Lot Size Area: 9142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Mt Design Inc
Bought by
Y & Y Tower Llc
Current Estimated Value
$1,716,598

Purchase Details

Listed on
Jun 15, 2022
Closed on
Feb 1, 2023
Sold by
1200 Magnolia Propco Llc
Bought by
Mt Design Inc
Seller's Agent
David Kaufman
David Ballin Kaufman
Buyer's Agent
David Kaufman
David Ballin Kaufman
List Price
$1,575,000
Sold Price
$1,500,000
Premium/Discount to List
-$75,000
-4.76%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.99%

Purchase Details

Closed on
Sep 11, 2019
Sold by
Zuckerbraun Lance K
Bought by
1200 Magnolia Propco Llc

Purchase Details

Closed on
Jul 20, 2018
Sold by
Zuckerbraun Cristina
Bought by
Zuckerbraun Lance K

Purchase Details

Closed on
Apr 18, 2018
Sold by
Bravo Sonia Yvonne
Bought by
Zuckerbraun Lance K

Purchase Details

Closed on
Apr 16, 2018
Sold by
Salazar Cesar Enrique Salazar
Bought by
Bravo Sonia

Purchase Details

Closed on
Feb 12, 2015
Sold by
Salazar Cesar E
Bought by
Salazar Cesar E

Purchase Details

Closed on
Apr 23, 2011
Sold by
Salazar Cesar E
Bought by
Salazar Cesar E and Salazar Marlene E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Y & Y Tower Llc -- Accommodation/Courtesy Recordi
Mt Design Inc $1,500,000 Lawyers Title
1200 Magnolia Propco Llc $1,200,000 Old Republic Title
Zuckerbraun Lance K -- Old Republic Title Company
Zuckerbraun Lance K $875,000 Old Republic Title
Bravo Sonia -- None Available
Salazar Cesar E -- None Available
Salazar Cesar E -- None Available
Salazar Cesar E -- Accommodation
Salazar Cesar E -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2023 02/06/23 Sold $1,500,000 -4.8% --
01/26/2023 01/26/23 Pending -- -- --
01/18/2023 01/18/23 Price Changed $1,575,000 0.0% --
01/18/2023 01/18/23 For Sale $1,575,000 +5.0% --
01/10/2023 01/10/23 Off Market $1,500,000 -- --
01/10/2023 01/10/23 For Sale $1,775,000 0.0% --
11/28/2022 11/28/22 Pending -- -- --
10/03/2022 10/03/22 Price Changed $1,775,000 -11.0% --
06/15/2022 06/15/22 For Sale $1,995,000 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,019 $1,560,600 $1,560,600 --
2024 $19,019 $1,530,000 $1,530,000 --
2023 $15,797 $1,261,413 $1,261,413 $0
2022 $15,078 $1,236,680 $1,236,680 $0
2021 $14,882 $1,212,432 $1,212,432 $0
2019 $13,528 $1,100,000 $850,000 $250,000
2018 $1,539 $91,323 $56,425 $34,898
2016 $1,438 $87,779 $54,235 $33,544
2015 $1,423 $86,462 $53,421 $33,041
2014 -- $84,769 $52,375 $32,394
Source: Public Records

Agents Affiliated with this Home

  • David Kaufman

    Seller's Agent in 2023

    David Kaufman

    David Ballin Kaufman

    (818) 464-3211

    1 in this area

    27 Total Sales

    David Kaufman
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-161349

The MLS

APN: 5076-016-005

California Los Angeles County Los Angeles 90006 Pico-Union

1200 Magnolia Ave, Los Angeles, CA

This home is located at 1200 Magnolia Ave, Los Angeles, CA 90006 since 15 June 2022 and is currently estimated at $1,716,598. 1200 Magnolia Ave is a home located in Los Angeles County with nearby schools including Leo Politi Elementary, Berendo Middle, and Belmont High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes