Opening page…
Closed
- Listed price
- $1,575,000
- Listed Jun 15, 2022
- Sold price
- $1,500,000
- Sold Feb 6, 2023
9,142 sqft lot00|174 MLS days on market
1200 MAGNOLIA Ave, Los Angeles, CA 90006
Property Description
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.
Listing agent: David KaufmanDRE #01217537David@TamarackRES.com, Listing office: David Ballin Kaufman
MLS data updated 11/4/2026, 1:30:32 AM PT
Source: CRMLSMLS #: 22161349
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,500,000
Feb 6, 2023
Available records32022–2023
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,500,000Closed sale · Feb 6, 2023ZIP 90006 · Feb 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 3 price recordsJun 15, 2022 – Feb 6, 2023
ZIP 90006 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.