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    Luxury Townhome-Style Apartment Building Title is generated by Realmo AI

    1518 Magnolia Avenue, Los Angeles, CA 90006

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    For Sale
    $3,320,000

    Five modern townhome-style residences with in-unit laundry, separately metered utilities, and two parking spaces per unit.

    Type:Multi-family
    Property size:
    7,310 SF
    Price / SF:
    $454/SF
    Added:
    Feb 22, 2026
    Days on Market:
    105
    Last Refresh:
    Jun 5 at 2:56 am

    Property Features for 1518 Magnolia Avenue

    General Information

    Standard status
    Active
    Size
    7,310 SF
    Property subtype
    Multi-family

    Building Details

    Year Built
    2024

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    Listing office Compass

    Listing date Feb 22, 2026

    Source Sevengables

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Compass

    HighLights

    • 2024‑built five‑unit, townhome‑style multifamily with approx. 7,310 SF of living space
    • 18 bedrooms and 18 bathrooms total across five residences
    • Each unit includes in‑unit laundry and stainless steel appliances
    • Open‑concept layouts designed for natural light and functionality
    • Two parking spaces per unit and all utilities are separately metered
    • Solar energy systems included for added efficiency

    Overview

    This 2024-built, non-rent-controlled multifamily property is configured as five townhome-style residences totaling approximately 7,310 square feet of living space. The offering includes 18 bedrooms and 18 bathrooms, with each unit designed using open-concept layouts that emphasize natural light and functionality. Modern in-unit laundry and stainless steel appliances are included across the residences. Residents also benefit from two parking spaces per unit, and all utilities are separately metered. The property incorporates solar energy systems to support energy efficiency.

    The asset is located at 1518 Magnolia Avenue in Los Angeles, CA 90006. As a newer construction building, it may appeal to buyers seeking a smaller, turnkey multifamily platform with streamlined operations given the separately metered utilities and on-site energy features.

    With five self-contained units, this property can be a strong fit for investors or owner-operators looking for a compact apartment building with consistent unit amenities and a relatively maintenance-conscious profile associated with 2024 construction. The townhome-style layout, in-unit laundry, and assigned parking per unit also align well with tenant expectations for functionality and day-to-day convenience.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2862497
    Latitude
    34.0447284

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    FAQs

    What type of property is this?
    Apartment building - Five modern townhome-style residences with in-unit laundry, separately metered utilities, and two parking spaces per unit.
    Where is this apartment building located?
    The property is located at 1518 Magnolia Avenue Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,320,000.
    What are key features of this property?
    This property features: 2024‑built five‑unit, townhome‑style multifamily with approx. 7,310 SF of living space; 18 bedrooms and 18 bathrooms total across five residences; Each unit includes in‑unit laundry and stainless steel appliances
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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