John E Burge

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Listing provided courtesy of Compass- MLS# 26666137MLS Provider

1518 Magnolia AveLos Angeles, CA 90006

Multi-Family · 18 Beds · 7,310 Sq. ft. | 0.14 Acres
$3,320,000 Active

1518 Magnolia Ave Overview

Time on Site:
102 days
Visits:
0

This 2024-built, NON-RENT-CONTROLLED luxury five-unit multi-family property offers approximately 7,310 square feet of living space and a high cap rate in one of L.A.'s fastest-growing neighborhoods. The collection features 18 bedrooms and 18 bathrooms across five spacious, townhome-style residences, each designed with modern living and long-term durability in mind. Every unit includes in-unit laundry, stainless steel appliances, and open-concept layouts that emphasize natural light and functionality. Residents enjoy two parking spaces per unit, and all utilities are separately metered. The property also incorporates solar energy systems, providing added efficiency and reduced operational costs. Located in a rapidly growing pocket of Los Angeles, this offering provides investors with a turnkey, low-maintenance opportunity with strong income potential. High-end finishes, thoughtful design, and sustainable features make this a standout addition to any multifamily portfolio.

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1518 Magnolia Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,310
  • Price/Sq.ft. $454
  • Lot 0.14 Acres

Details

General

Income/Expenses

  • Gross Income: 248220
  • Net Operating Income: 193030.00

Building Information

  • Year Built: 2024

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Mid Los Angeles

Tax Information

  • Tax Assessed Value: 936360

General Information

  • Disclosures: None
  • Property Condition: New Construction
  • Property Type: Residential Income
  • Rent Control: False
  • Zoning: LARD1.5

Interior

Parking Information

  • Garage Spaces: 4

Beds/Baths

  • Bathrooms Total: 18.00
  • Bedrooms Total: 18

General Information

  • Common Walls: Attached
  • Cooling: Central
  • Entry Level: 1
  • Entry Location: Main Level
  • Flooring: Wood, Wood Laminate, Tile, Mixed
  • Heating: Central
  • Levels: Multi/Split
  • Living Area: 7310
  • Living Area Source: Owner
  • Security Features: Gated
  • Spa Features: None
  • Spa: False
  • Stories: 3

Exterior

Parking Information

  • Open Parking Spaces: 5
  • Parking Total: 9

Lot Information

  • Additional Parcels Description: False
  • Lot Size Acres: 0.1396
  • Lot Size Area: 6082
  • Lot Size Source: Vendor Enhanced
  • Number Of Buildings: 2

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Modern
    • Patio And Porch Features: Roof Top Deck, Balcony

    General Information

    • Number Of Units Total: 5
    • Other Structures: None
    • Pool Features: None
    • Pool Private: False

    1518 Magnolia Ave Neighborhood

    Community

    90006 (LOS ANGELES) Demographics

    34
    Median Age
    30,503
    Population Density (per sq. mile)
    24%
    College Educated
    $37,375
    Estimated Median Income
    1,777
    Estimated Total Home Owners
    17,372
    Estimated Total Renters
    9% / 91%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1518 Magnolia Ave Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1518 Magnolia Ave Market Data

    Based on the last 30 days in this zip code

    $804,658
    Average List Price
    $523
    Average Price per Square Foot
    10
    Properties Sold
    77
    Average Days on Market
    153
    Properties for Sale
    Calculations provided by Reliance Network

    1518 Magnolia Ave History

    Date Event Value Agent
    3/19/2026Source: CRMLS Added to Database
    March 19, 2026
    3/19/2026Source: TheMLS (CLAW) Added to Database
    March 19, 2026
    6/10/2024Source: CRMLS Status Change
    Closed
    6/10/2024Source: TheMLS (CLAW) Status Change
    Sold
    5/5/2024Source: CRMLS Added to Database
    May 05, 2024
    5/5/2024Source: TheMLS (CLAW) Added to Database
    May 05, 2024
    9/28/2022Source: CRMLS Added to Database
    September 28, 2022
    6/24/2022Source: TheMLS (CLAW) Added to Database
    June 24, 2022
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