NOT LISTED FOR SALE

1218 1/2 Magnolia Ave Unit 1218.5 Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,279,596 - $1,550,000

3 Beds
3.5 Baths
1,350 Sq Ft
$1,038/Sq Ft Est. Value

Highlights

  • New Construction
  • City Lights View
  • Modern Architecture
  • Rooftop Deck
  • Wood Flooring
  • Granite Countertops

About This Home

As of February 2022

NEW Construction 4-unit complex featuring tri-level townhomes with spacious and bright floor plans ranging from 3-4 BRs and 3.5-4.5 BAs. Modern, open concept design. This unit features a fully equipped kitchen appointed with elegant finishes, and beautiful, high-end SS appliances. The open floor plan flows into the bright, cheery family room and dining area, perfect for entertaining or just relaxing. Conveniently stacked full-sized in-unit washer and dryer, as well as a powder room for guests adjoining the family room. Two dedicated and secured parking spaces. Located in the heart of Los Angeles, minutes away from Downtown L.A., USC, Staples Center, and LA Live. Situated near authentic restaurants and many shopping and entertainment centers and museums. Live in the thriving city with the creature comforts of home.

Last Agent to Rent the Property

Elena Mandeville

Compass License #02047240 Listed on: 02/17/2022

Compass

Last Renter's Agent

Elena Mandeville

Compass License #02047240 Listed on: 02/17/2022

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,525

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 6,475 Sq Ft Lot
  • Lot Dimensions are 46x140
  • West Facing Home
  • Fenced
  • Drip System Landscaping
  • Sprinklers on Timer

Property Views

  • City Lights
  • Views of a landmark

Home Design

  • Modern Architecture
  • Fire Rated Drywall
  • Stucco

Interior Spaces

  • 1,350 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Sliding Doors
  • Security Lights

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Tandem Parking
  • Automatic Gate

Outdoor Features

  • Balcony
  • Rooftop Deck

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater

Listing and Financial Details

  • Security Deposit $4,250
  • Tenant pays for electricity, gas, insurance, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 5076-016-002

Community Details

Overview

  • 4 Units

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,525

Year Built

Built in 2021 | New Construction

Lot Details

0

Rental Info

  • Credit Report Required: Yes
  • Security Deposit: 4250
  • Tenant Pays: Electricity, Gas, Insurance, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Townhouse
  • Style: Modern
  • Single Family Or Apt: Condo/Apt
  • Levels: Three Or More
  • Entry Floor: 1
  • Entry Location: Ground Level - no steps
  • Lease Terms: 1+Year
  • Living Area: 1350
  • Lot Acreage: 0.1487
  • Lot Dimensions: 46x140
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2021
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Flooring: Laminate, Wood, Tile
  • Appliances: Built-In Gas, Microwave, Oven-Gas, Range Hood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Unit, Laundry Closet Stacked
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Microwave, Garbage Disposal, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer
  • Price Per S Q F T: 3.15
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony, Sliding Glass Doors, Sprinkler System, Two On A Lot
  • Patio: Roof Top Deck
  • Pool: No
  • View: City Lights, City, Landmark
  • View: Yes

Garage/Parking

  • Parking Garage: Tandem
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Exterior Security Lights, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector, Fire Sprinklers, Fire Rated Drywall

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Sprinklers: Drip System, Sprinkler System, Sprinkler Timer
  • Assessor Parcel Number: 5076-016-002
  • Lot Description: Automatic Gate, Exterior Security Lights, Fenced, Landscaped
  • Lot Size Area: 6475

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2019
Sold by
Magnolia Avenue Lp
Bought by
1218 Magnolia Property Llc
Current Estimated Value
$1,401,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2018
Sold by
Kam Lp
Bought by
Magnolia Avenue Lp

Purchase Details

Closed on
Sep 20, 2017
Sold by
In His Presence Llc
Bought by
Kam Lp

Purchase Details

Closed on
Oct 19, 2016
Sold by
Wilmington Trust National Association
Bought by
In His Presence Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2016
Sold by
Kim Hee Book
Bought by
Wilmington Trust National Association

Purchase Details

Closed on
Feb 19, 2004
Sold by
Yun Soon S
Bought by
Kim Hee Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,200
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Kim Brenda
Bought by
Yun Soon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.86%

Purchase Details

Closed on
Jul 5, 2002
Sold by
Chesley Llc
Bought by
Kim Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
6.7%

Purchase Details

Closed on
Jul 3, 2002
Sold by
Kim Satok
Bought by
Kim Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
6.7%

Purchase Details

Closed on
Mar 11, 2002
Sold by
Berhanu Fikru Victor
Bought by
Chesley Llc

Purchase Details

Closed on
Mar 6, 1995
Sold by
Jensen Williamina Ann
Bought by
Jensen Burton

Purchase Details

Closed on
Dec 12, 1994
Sold by
Jensen Burton and The Jensen Living Trust
Bought by
Berhanu Fikru Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,200
Interest Rate
8.9%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
1218 Magnolia Property Llc $935,000 First American Title Company
Magnolia Avenue Lp -- Accommodation
Kam Lp $12,500 Fidelity Sherman Oaks
In His Presence Llc $751,000 Title 365
Wilmington Trust National Association $685,111 None Available
Kim Hee Sook $634,000 Fatcola
Yun Soon S $400,000 First American Title Co
Kim Brenda $288,000 Orange Coast Title
Kim Brenda -- Orange Coast Title
Chesley Llc $205,000 --
Jensen Burton -- Southland Title Corporation
Berhanu Fikru Victor $176,500 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magnolia Property Llc $1,576,500
Closed 1218 Magnolia Property Llc $200,000
Previous Owner In His Presence Llc $641,000
Previous Owner Kim Hee Sook $640,000
Previous Owner Kim Hee Sook $507,200
Previous Owner Yun Soon S $360,000
Previous Owner Kim Brenda $273,600
Previous Owner Berhanu Fikru Victor $20,000
Previous Owner Berhanu Fikru Victor $141,200
Closed Kim Hee Sook $126,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2022 02/17/22 Rented $4,250 0.0% --
02/17/2022 02/17/22 For Rent $4,250 -- --
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 $12,525 $1,022,555 $818,045 $204,510
2024 $12,525 $1,002,505 $802,005 $200,500
2023 $12,290 $982,849 $786,280 $196,569
2022 $11,729 $963,578 $770,863 $192,715
2021 $11,570 $944,686 $755,749 $188,937
2019 $10,573 $860,880 $656,880 $204,000
2018 $10,434 $844,000 $644,000 $200,000
2017 $9,346 $750,700 $600,600 $150,100
2016 $9,213 $749,000 $473,000 $276,000
2015 $7,498 $605,000 $381,800 $223,200
2014 $7,673 $605,000 $381,800 $223,200
Source: Public Records

Agents Affiliated with this Home

  • Elena Mandeville

    Landlord's Agent in 2022

    Elena Mandeville

    Compass

    (917) 239-8247

    16 Total Sales

    Elena Mandeville
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Map

Source: The MLS

MLS Number: 22-128647

The MLS

APN: 5076-016-002

California Los Angeles County Los Angeles 90006 Pico-Union

1218 1/2 Magnolia Ave Unit 1218.5, Los Angeles, CA

This home is located at 1218 1/2 Magnolia Ave Unit 1218.5, Los Angeles, CA 90006 since 17 February 2022 and is currently priced at $1,401,149. This property was built in 2021. 1218 1/2 Magnolia Ave Unit 1218.5 is a home located in Los Angeles County with nearby schools including Leo Politi Elementary, Berendo Middle, and Belmont High School.

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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.
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