NOT LISTED FOR SALE

1218 Magnolia Ave Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,026,000 - $1,571,000

4 Beds
4.5 Baths
1,447 Sq Ft
$882/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $750,750 $519 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,943/month

Highlights

  • New Construction
  • Auto Driveway Gate
  • Wood Flooring
  • Rooftop Deck
  • City Lights View
  • Modern Architecture

About This Home

As of January 2022

This modern Unit newly built in 2021 offers open concept living floorplan. Unit offers 3 bedrooms / 3.5 baths, 1337 sqft. The fully equipped kitchen is appointed with beautiful finishes, SS appliances, opens to the family, dining rooms. The family room offers a charming private balcony. Additional parking available at an affordable rate.
Each bedroom suite full baths and a powder room suite with modern, high-end finishes as well as an in-unit W/D. Located in Los Angeles, minutes from mass transit and freeways, and abundant shops & restaurants, and theaters.

Last Agent to Rent the Property

Elena Mandeville

Compass License #02047240 Listed on: 12/20/2021

Compass

Last Renter's Agent

Elena Mandeville

Compass License #02047240 Listed on: 12/20/2021

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

Home Design

  • Modern Architecture
  • Entry on the 1st floor
  • Fire Rated Drywall
  • Stucco

Interior Spaces

  • 1,447 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Sliding Doors
  • City Lights Views
  • Security Lights

Kitchen

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

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Private Parking
  • Tandem Parking
  • Garage Door Opener
  • Driveway
  • Auto Driveway Gate
  • Assigned Parking

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, water, cable TV
  • 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 Amount: 35.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Not Included In Rent: Utilities
  • Rent Excludes: Utilities
  • Security Deposit: 4250
  • Tenant Pays: Electricity, Gas, Insurance, Trash Collection, Water, Cable TV

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Style: Modern
  • Single Family Or Apt: Condo/Apt
  • Levels: Three Or More
  • Street Number Display: Yes
  • Advertising Remarks: 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.
  • Entry Floor: 1
  • Entry Location: Ground Level - no steps
  • Lease Terms: 1+Year
  • Living Area: 1447
  • Lot Acreage: 0.1487
  • Lot Dimensions: 46x140
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2021
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Flooring: Laminate, Wood, Tile
  • Appliances: Built-In Gas, Microwave, Oven-Gas, Range Hood
  • Bedrooms: 4
  • Full Bathroom: 4
  • 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: 5.00
  • 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: 2.94
  • 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, City Lights
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Parking Garage: Tandem, Assigned, Private, Driveway - Pavers, Driveway Gate, Auto Driveway Gate, Parking Space, Driveway, Door Opener, Uncovered
  • 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

  • Amenities: Gated Parking
  • 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
$1,275,883

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

Listed on
Jul 30, 2016
Closed on
Oct 19, 2016
Sold by
Wilmington Trust National Association
Bought by
In His Presence Llc
Seller's Agent
Philip Kang
Real Broker
Buyer's Agent
Ramin Ghamsari
Re/Max Grand
List Price
$822,000
Sold Price
$750,750
Premium/Discount to List
-$71,250
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
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
04/03/2024 04/03/24 Price Changed $3,995 0.0% $3 / Sq Ft
04/02/2024 04/02/24 For Rent $3,995 -6.0% --
01/07/2022 01/07/22 Rented $4,250 0.0% --
01/07/2022 01/07/22 Under Contract -- -- --
12/20/2021 12/20/21 For Rent $4,250 0.0% --
11/01/2016 11/01/16 Sold $750,750 -4.0% $210 / Sq Ft
10/13/2016 10/13/16 Pending -- -- --
10/07/2016 10/07/16 Price Changed $782,000 -4.9% $219 / Sq Ft
07/30/2016 07/30/16 For Sale $822,000 -- $230 / Sq Ft
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
    Section Image
  • Philip Kang

    Seller's Agent in 2016

    Philip Kang

    Real Broker

    (714) 724-1841

    70 Total Sales

    Philip Kang
    Section Image
  • Ramin Ghamsari

    Buyer's Agent in 2016

    Ramin Ghamsari

    RE/MAX

    (818) 921-7391

    14 Total Sales

    Ramin Ghamsari
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-111367

The MLS

APN: 5076-016-002

California Los Angeles County Los Angeles 90006 Pico-Union

1218 Magnolia Ave, Los Angeles, CA

This home is located at 1218 Magnolia Ave, Los Angeles, CA 90006 since 20 December 2021 and is currently priced at $1,275,883. This property was built in 2021. 1218 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.
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