New construction

$3,495,000

1518 Magnolia Ave, Los Angeles, CA 90006

18beds

18baths

7,310sqft

Est.:

Multi Family

Built in 2024

-- sqft lot

$3,391,400 Zestimate^®

$478/sqft

$-- HOA

What's special

Modern livingThoughtful designOpen-concept layoutsNatural lightHigh-end finishesStainless steel appliancesIn-unit laundry

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.

31 days

106

5

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 18
Bathrooms: 18

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Laundry: In Unit

Features

Built-Ins
Flooring: Wood, Wood Laminate, Tile, Mixed
Has fireplace: Yes
Fireplace features: Kitchen, Living Room, Bath

Interior area

Total structure area: 7,310
Total interior livable area: 7,310 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 9
Parking features: Assigned, Garage, Open
Garage spaces: 4
Uncovered spaces: 5

Features

Levels: Multi/Split
Stories: 3
Patio & porch: Roof Top Deck
Exterior features: Balcony
Pool features: None
Spa features: None
Has view: Yes
View description: City, City Lights

Lot

Size: 6,080.98 Square Feet

Details

Additional structures: None
Parcel number: 5056007020
Zoning: LARD1.5
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Modern
Property subtype: Multi Family

Condition

New Construction
New construction: Yes
Year built: 2024

Community & HOA

Community

Security: Gated

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $478/sqft
Tax assessed value: $936,360
Annual tax amount: $16,021
Date on market: 11/11/2025

Estimated market value

$3,391,400

$3.22M - $3.56M

$3,714/mo

Price history

Date	Event	Price
11/11/2025	Listed for sale	$3,495,000+141%$478/sqft
Source: CLAW #25614437 Report a problem
7/1/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/6/2024	Listed for rent	$5,850+98.3%$1/sqft
Source: Zillow Rentals Report a problem
5/6/2024	Listing removed	--
Source: CLAW #24-387957 Report a problem
5/4/2024	Listed for rent	$2,950
Source: CLAW #24-387957 Report a problem