Detectives presented evidence to prosecutors on Tuesday after several days of investigating Lohan as well as Gavin Lawrence Doyle and Andrew Nicholas Payan as suspects.
Although one of the suspects made a "vague admission" that someone had taken something, none of the suspects was found with any property.
In addition, prosecutors said that eyewitnesses in the case did not cooperate with authorities, and the victims didn't want to pursue charges.
According to prosecutors, the victims were sleeping in the home around 7:45 a.m. on Aug. 18 when someone tried to get into the master bedroom.
They saw a man later identified as Doyle standing outside the home. That man fled, authorities said.
While trying to call 911, an unidentified woman at the home saw a BMW parked out front. She said a second man got into the vehicle, which then drove away.
The victims reported to police that cash, sunglasses and a credit card holder, as well as keys from cars at the home, were missing.
Day laborers working across the street said that two men and a woman arrived in a tan BMW around the time the crime reportedly occurred and then went inside.
But police didn't find any evidence of forced entry into the cars or the home.
A security guard said Lohan came to the home at 2 a.m. that morning and wanted to talk to Magid.
He said that Lohan asked if Magid was in the home with "some other girl" and that he turned her away.
On August 22, Lohan took to Twitter to blast "lies" being told about her.
The 26-year-old actress wrote: "All of this negative press is BS.... Whenever I'm doing great, people fabricate lies. It's such a shame. I'm just sayin' xo".
Lohan is currently serving an "informal probation" until May 2014 for stealing a necklace from a Venice, Calif., jewelry store in January 2011.
The troubled actress has waged a very public battle with drug and alcohol abuse, and has been arrested and jailed numerous times for DUI and probation violation charges.
More recently, she collided with a truck while driving her Porsche on Pacific Coast Highway on June 8.
A week later she was treated by paramedics for "exhaustion and dehydration" during filming for the Lifetime movie "Liz & Dick."