I may be a little predudice. I was raised on Magnolia from birth in 1950 to leaving for college in 1968. It was a story book white picket fence upbringing. At that time, Magnolia would have included middle, to upper middle to upper class (those that lived on Magnolia Bluff and Perkins Lane.) There may have been even a little lower class, down by the tracks, but as kids we never knew the difference. We rode bikes, stayed out till the street lights went on, never had areas we couldn't visit on the bluff, and knew no crime. Now obviously times have changed, but Magnolia remains one of the last "protected" areas. It has it's own shoppin village, that has everything to offer, it has waterfront, view, and simply great esoteric refurbished homes that are very desireable. The yards are large in "downtown" Seattle standards. The acccess to downtown is only surpassed by maybe Queen Anne (Where I was lucky to attend High School) or Capital Hill. To this day, when I mention that I came from Magnolia Bluff, I get a "special look" as if I am royalty. It was named Magnolia because the prolific natural flowering Dogwood were in bloom. The settlers thought them so lovely that they mistook them for Magnolia Trees. Fort Lawton was a dormant but still commissioned military facility where we would bike ride and visit the officers buildings for free badges to add to our collections. It is no a huge park that is still considered safe for family activities.
Hope this helps, it really helped me to reminisce. I can help with referrals of folks who really know th Bluff if you need one.