958 MAGNOLIA AVE.
Los Angeles, CA 90006 · APN 5076-005-022
UNITS
11
BUILDING SF
10,762
SF / UNIT
978
YEAR BUILT
1989
BEDROOMS
18
BATHROOMS
18
USE · CODE 0500
5+ UNITS
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
No market sale detected on this parcel since 2021. The last recorded transfer may have been a refinance, trust move, or family transfer that didn't reset the Prop 13 base.
LIKELY UNDER AB 1482 STATE CAP
Built 1989, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 31, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON MAGNOLIA AVE · ZIP 90006
SIMILAR SIZE AND ERA IN 90006
This building sits in Koreatown.
ESTIMATED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 958 Magnolia Ave rent controlled?
Built 1989, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year. This is an inference from public assessor records, not a determination. Confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.
How many units does 958 Magnolia Ave have?
County records list 11 units at 958 Magnolia Ave, classified as 5+ units across 10,762 square feet of building area, averaging about 978 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 958 Magnolia Ave built?
The assessor roll gives a build year of 1989, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 958 Magnolia Ave last change hands?
The most recent transfer on the roll was recorded August 2014. Not every recorded transfer is a market sale: refinances, trust transfers, and family conveyances all appear in the same field, and those do not reset the assessed value.
What is 958 Magnolia Ave assessed at, and is that what it is worth?
The current assessed value is $2,644,063 ($1,442,217 land, $1,201,846 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for, and this one has held its base year for roughly 11 years.
What is the Koreatown apartment market doing?
958 Magnolia Ave sits in Koreatown, in Los Angeles. Sale counts, median price per unit and median price per square foot for the submarket are estimated from county assessor reassessments at sale, not verified closing prices, and are published with the share of rent-control-era stock on the Koreatown market page. See that page for the figures rather than a number quoted here.
How do I find out what 958 Magnolia Ave would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
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