$3200000 Price Analysis   ♡   Sherman Oaks, CA 91403 9 bed 14 bath 8763 SqFt ($365/SqFt) 7414SqFt lot. Built 1981 Listed 2024-07-16, Taxes $14096 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present 14931 Magnolia Blvd
A 9-unit multifamily property located in Sherman Oaks. This property represents a value-add opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated minutes away from Encino and Van Nuys. 14931 Magnola Blvd is an ideal choice for investors seeking over 25% in rental upside through interior and exterior renovation programs. With 2-units currently vacant, an investor can get a head start on their interior renovation program to achieve market rents. Construc ted in 1981, this multi-story property is comprised of two 1-bedroom/1-bathroom units, five 1-bedroom/1.5-bathroom townhouse units and two 1-bedroom/2-bathroom units with a loft. The two loft units function like a 2-bedroom unit as there is a 2nd bathroom on the loft level.
All units have private patios or balconies, are equipped with central air conditioners and are individually metered for gas and electric utilities. The property includes 14 parking spaces, on-site laundry, gated parking, controlled access and a common area for tenants to sit outside and enjoy the use of barbeque grills. 14931 Magnolia Blvd is not subject to the LA City Rent Stabilization Ordinance and rents can be increased by 5% + CPI (AB 1482). 14931 Magnolia Blvd is situated south of Burbank Blvd with Sepulveda Blvd to the west and Kester Ave to the east. Residents have easy access to several nearby bus stops on Magnolia Blvd and Sepulveda Blvd. For nature enthusiasts, the property is a mile away from the Sepulveda Basin where one can enjoy kayaking, fishing and exploring nature. Moreover, its proximity to the Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers and other places of business ensures a high demand for rental units. For commuters, the property is minutes away from the 101 405 Freeways, allowing access throughout the San Fernando Valley and into the westside of Los Angeles.
Presented by Sevak Keshishian at
Marcus & Millichap.
Property MLS #24-415755 from TheMLSCLAW
Full Bathrooms: 14
Heating Features: Central
Lot Size Dimensions: 60x130
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7414
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2300, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2300, 3 BedsTotal: 1, 3 BathsTotal: 2, 3 SquareFeet: 2600, 4 BedsTotal: 1, 4 BathsTotal: 2, 4 SquareFeet: 2600, 5 BedsTotal: 1, 5 BathsTotal: 1.5, 5 SquareFeet: 2550, 6 BedsTotal: 1, 6 BathsTotal: 1.5, 6 SquareFeet: 2550, 7 BedsTotal: 1, 7 BathsTotal: 1.5, 7 SquareFeet: 2550, 8 BedsTotal: 1, 8 BathsTotal: 1.5, 8 SquareFeet: 2550, 9 BedsTotal: 1, 9 BathsTotal: 1.5, 9 SquareFeet: 2550
Tenant Pays: Electric, Gas, Cable TV
Vacancy Allowance: 6546
Full Copper Plumbing
Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.3
Directions: heading north on Kester, make a left and head west on Magnolia. Property is located at the corner of Magnolia and Saloma.
Source Property Type: Residential Income
Area: Sherman Oaks
Source Neighborhood: Sherman Oaks
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Owner Pays: Water, Electricity, Gas, Gardener
Parcel Number: 2250-021-036
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $761430 + $331891 $1093321 | $14096 |
| 2021 | $746500 + $325384 $1071884 | $13834 |
| 2020 | $738846 + $322048 $1060894 | $13959 |
| 2019 | $724359 + $315734 $1040093 | $13441 |
| 2018 | $710156 + $309544 $1019700 | $13319 |
| 2017 | $696232 + $303475 $999707 | $13001 |
| 2016 | $682581 + $297525 $980106 | $12624 |
| 2015 | $672328 + $293056 $965384 | $6225 |
| 2014 | $659159 + $287316 $946475 | $12543 |
| 2013 | $656180 + $286018 $942198 | $12534 |
| 2012 | $643314 + $280410 $923724 | $12700 |
| 2010 | $630700 + $274912 $905612 | $12374 |
| 2009 | $627475 + $273507 $900982 | $11931 |
| 2009 | $625987 + $272858 $898845 | $11931 |
| 2008 | $615172 + $268145 $883317 | $11446 |
| 2007 | $603110 + $262888 $865998 | $11048 |
$3200000
TheMLSCLAW
Listing removed 2024-05-17
$0
CRMLS
Relisted 2024-05-12
$3400000
CRMLS
Listing removed 2024-04-12
$0
CRMLS
Price Changed 2023-11-14
$3400000
CRMLS
Listed 2023-08-27
$3500000
CRMLS
Listing removed 2023-04-09
$3800000
CRISNET
Listed 2023-03-10
$3800000
CRISNET
Listing removed 2022-10-28
$3800000
CRISNET
Relisted 2022-09-23
$3800000
CRISNET
Listing removed 2022-09-06
$3800000
CRISNET
Price Changed 2022-08-18
$3800000
CRISNET
Listed 2022-07-05
$3990000
CRISNET
Listing removed 2022-06-09
$0
CRMLS
Price Changed 2022-05-18
$3800000
CRMLS
Listed 2022-04-26
$3990000
CRMLS
Sold 1983-08-08
$590000
Public Record
Year Built: 1981
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 43
Property Condition: Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Automatic Gate, Carbon Monoxide Detector(s), Gated, Smoke Detector
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.