Updated 1 Day Ago
Highlights
Pet Friendly
- Recently renovated
- Two bedrooms and one bathroom
- High ceilings, updated kitchen
Location
1240 Magnolia Ave #103, Los Angeles, CA 90006, USA|Pico Union
Tour 1240 Magnolia Ave #103
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Property Overview
Stylish contemporary condo with in-unit laundry, updated interiors, and secure parking offers comfortable, low-maintenance living in a central Los Angeles location. Well-suited for buyers seeking convenient access to Koreatown, Downtown, and major commute routes, as well as those who value nearby shopping, dining, and public transit. Notable features like a functional layout, modern finishes, and gated entry enhance everyday livability and appeal.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Images available
Great for
Pet owners
Amenities for 1240 Magnolia Ave #103, Pico Union
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Furnished | High Ceilings |
| Kitchen Recently Updated | Modern Bath Fixture |
| Open Floor Plan | Recently Rehabbed |
| Recently Renovated |
Appliances
| In-Unit Laundry | Refrigerator |
| Stainless Steel Appliances | Washer and Dryer |
Building
| Cats OK | Dogs OK |
Grounds
| Assigned Parking |
Neighborhood
| 90+ Walk Score |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
About 1240 Magnolia Ave #103
Last two units remaining! Unit 103 is a spacious two-bedroom, one-bathroom live/work residence featuring an open floor plan, high ceilings, abundant natural light, and a great creative home-office space with its own private entrance. The recently renovated home includes an updated kitchen with stainless steel appliances, modern bathroom fixtures, central air conditioning, an in-unit washer and dryer, and covered parking. Furnished and flexible furniture options are also available. Conveniently located near Koreatown, Downtown LA, USC, Westlake, and Echo Park, with easy access to restaurants, cafés, shopping, public transportation, and major freeways. Residence Highlights: Two bedrooms and one bathroom Massive, flexible live/work layout Private-entry creative home-office space Recently renovated interior Open floor plan and high ceilings Updated kitchen Stainless steel appliances Refrigerator included Modern bathroom fixtures Central air conditioning In-unit washer and dryer Covered parking Furnished and flexible furniture options available Pets considered Walk Score above 90 Only two units remaining Parking will be $100 for a tandem spot! Schedule your showing and apply today before the final two units are taken! Please note: $2480 + 100 PARKING LIST PRICE IS BASED OFF OF $2950 DUE MONTHLY WITH 6 WEEKS RENT FREE ON A 12 MONTH LEASE (OAC). DEPOSIT $2950 Please note: we have 18 month lease options Security deposit CAN BE $1500 (OAC 700+ CREDIT) Please note: Photos may not be of exact apartment home available*Square footage when listed or from inquiry, is approximate*Pricing is subject to change without notice*Pricing can vary between similar apartments for many reasons*Features may vary between similar apartments*Renter to verify all information, including availability*Rental Policy may change without notice*Price breaks are extended to all Applicants, no matter what may have been previously advertised*We adhere to all Fair Housing guidelines and all housing laws
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1240 Magnolia Ave, Los Angeles, CA 90006, USA compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 miles away
- Images available
- There are at least 10 photos of this address
Considerations
- Priced higher than average
- Some 1-bedrooms here are $446 more than the median rent in this area
Address details
| Neighborhood | Pico Union |
|---|---|
| Zip code | 90006 |
| Type | Apartment for rent |
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Rent trends in Pico Union
2-bedroom apartments at 1240 Magnolia Ave #103 cost about 3% more than the average rent price for 2-bedroom apartments in Los Angeles.
Median rents as of Oct 17 2026.
Pico Union
Los Angeles
| Month | Median Rent |
|---|---|
| November 2024 | $3,739 |
| December 2024 | $3,739 |
| January 2025 | $3,601 |
| February 2025 | $3,377 |
| March 2025 | $3,198 |
| April 2025 | $3,142 |
| May 2025 | $3,145 |
| June 2025 | $3,188 |
| July 2025 | $3,192 |
| August 2025 | $3,172 |
| September 2025 | $3,135 |
| October 2025 | $3,096 |
| November 2025 | $3,089 |
| December 2025 | $3,118 |
| January 2026 | $3,140 |
| February 2026 | $3,155 |
| March 2026 | $3,103 |
| April 2026 | $3,034 |
| May 2026 | $2,995 |
| June 2026 | $2,964 |
| July 2026 | $2,970 |
| August 2026 | $2,954 |
| September 2026 | $2,923 |
| October 2026 | $2,920 |
| Month | Median Rent |
|---|---|
| November 2024 | $2,395 |
| December 2024 | $2,465 |
| January 2025 | $2,756 |
| February 2025 | $3,248 |
| March 2025 | $3,237 |
| April 2025 | $2,750 |
| May 2025 | $2,523 |
| June 2025 | $2,524 |
| July 2025 | $2,622 |
| August 2025 | $2,628 |
| September 2025 | $2,643 |
| October 2025 | $2,857 |
| November 2025 | $2,745 |
| December 2025 | $2,769 |
| January 2026 | $2,510 |
| February 2026 | $2,695 |
| March 2026 | $2,739 |
| April 2026 | $2,700 |
| May 2026 | $2,677 |
| June 2026 | $2,517 |
| July 2026 | $2,390 |
| August 2026 | $2,419 |
| September 2026 | $2,400 |
| October 2026 | $2,399 |
Affordability calculator
Can I afford to live at 1240 Magnolia Ave #103?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$99,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $99,200 annually to afford this 2-bedrooms monthly rent price of $2,480.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| This month | $2,145 | 1 bed | 1 bath | ||
| Last month | $2,480 | 2 bed | 1 bath | ||
| 3 months ago | $2,260 | 2 bed | 1 bath | ||
| 4 months ago | $2,375 | 2 bed | 1 bath | ||
| 8 months ago | $2,560 | 3 bed | 2 bath | ||
| 1 year ago | $1,845 | 1 bed | 1 bath | ||
| 1 year ago | $2,085 | 1 bed | 1 bath | ||
| 1 year ago | $2,480 | 2 bed | 1 bath | ||
| 1 year ago | $3,090 | 3 bed | 2 bath |
Schools near 1240 Magnolia Ave #103
Leo Politi Elementary School
2481 w 11th st
los angeles, CA, 90006
K-5Public
C
Sophia T. Salvin Special Education Center
1925 budlong ave
los angeles, CA, 90007
K-10Public
Computer Science Virtual Academy
333 s beaudry ave 11th floor
los angeles, CA, 90017
K-12Public
Leadership & Public Service Virtual Academy
333 s beaudry ave 11th floor
los angeles, CA, 90017
K-12Public
STEAM Virtual Academy
333 s beaudry ave 11th fl
los angeles, CA, 90017
K-12Public
Neighborhood
Pico Union | Los Angeles, CA
Getting around Los Angeles near 1240 Magnolia Ave #103
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 1240 Magnolia Ave #103, Los Angeles
Groceries
9/10
Exceptional variety of groceries within a few minutes' walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
9/10
Wide variety of bars within a few minutes' walk
Explore the area around 1240 Magnolia Ave #103
Superior Grocers
1309 S Alvarado St
Food 4 Less
1091 S Hoover St
Nuno D & T Inc
1605 S Hoover St
Northgate Market
2323 W Olympic Blvd
B & A Market
1209 Venice Blvd
Guanabana Boutique
2253 W Pico Blvd
Miss Cuerro S
1306 Magnolia Ave
Ross Dress For Less
2021 W Pico Blvd
Salvation Army Family Store
1940 W Pico Blvd
Conny Fashions
2482 W Pico Blvd
Coffee McO
2580 W Olympic Blvd
Howard's Cafe
1051 S Alvarado St
Yum Yum Donuts
1608 S Hoover St
D H Espresso Inc
2140 W Olympic Blvd
Fantastic Donut
1101 S Vermont Ave
The Rodeo Room
1306 S Vermont Ave
A'shi Bowl Inc
1605 S Hoover St
Crew Bottle LLC
1933 Magnolia Ave
Moa Bar
865 S Vermont Ave
Momona Hookah Lounge
2702 W Pico Blvd
Delicious Pastry & Bakery
2346 W Pico Blvd
El Rincon Oaxaqueno Bakery Inc
2346 W Pico Blvd
Hanmaru Mart
1547 Venice Blvd
Huichos Bakery Inc
1250 S Vermont Ave
Pan Victoria
1312 S Vermont Ave
Terrace Park
Pico Union Vest Pocket Park
Hope and Peace Park
Francis Avenue Community Garden
Toberman Recreation Center
Pollos El Brasero
2281 W Pico Blvd
Taqueria El Grullense
2274 W Pico Blvd
Rock N' Grill
2201 W Pico Blvd
Sopita Pho
2201 W Pico Blvd
El Colmao Restaurante
2328 W Pico Blvd
Pico / Magnolia
Local Line
Pico / Magnolia
Local Line
Hoover / Pico
Local Line
Pico / Hoover
Local Line
Hoover / Pico
Local Line
Los Angeles
Coast Starlight, Southwest Chief, Sunset Limited, Texas Eagle
L.A. Union Station
Metrolink San Bernardino Line, Metrolink Antelope Valley Line, Metrolink Orange County Line, Metrolink Ventura County Line, Metrolink 91-Perris Valley Line, Metrolink Riverside Line
Los Angeles
Pacific Surfliner
Glendale
Metrolink Antelope Valley Line, Metrolink Ventura County Line
Glendale
Pacific Surfliner
Westlake / MacArthur Park
Union Station - North Hollywood, Union Station - Wilshire / La Cienega
Wilshire / Vermont
Union Station - North Hollywood, Union Station - Wilshire / La Cienega
Pico
Pomona - Long Beach, East Los Angeles - Santa Monica
Wilshire / Normandie
Union Station - Wilshire / La Cienega
Grand / LATTC
Pomona - Long Beach
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