14833 West Magnolia Boulevard

Sherman Oaks, CA 91403

$11,900,000
Price
5
Beds
58
Baths
31,378 Sq. Ft.
$379 / Sq. Ft.
31,378
Sq. Ft.
$379
per Sq. Ft.

Description

We are proud to exclusively present a prime multifamily asset in the coveted Sherman Oaks neighborhood, located at 14833 Magnolia Blvd, Los Angeles, CA. Situated near Westfield Fashion Square and minutes from Universal Studios, the property is within walking distance to an abundance of dining, shopping, and entertainment options. Commuting is easy, with close access to the 101 freeway. Totaling 36 units with a desirable mix of studios, 1-beds, and 2-beds, the property features community amenities...We are proud to exclusively present a prime multifamily asset in the coveted Sherman Oaks neighborhood, located at 14833 Magnolia Blvd, Los Angeles, CA. Situated near Westfield Fashion Square and minutes from Universal Studios, the property is within walking distance to an abundance of dining, shopping, and entertainment options. Commuting is easy, with close access to the 101 freeway. Totaling 36 units with a desirable mix of studios, 1-beds, and 2-beds, the property features community amenities including on-site laundry, outdoor courtyard seating, carport parking, and elevator for resident convenience. High-speed Internet access, wall air conditioning and heating, ceiling fans, vertical blinds and quality kitchen appliances are provided in all units and many units have been upgraded with modern finishes. Surrounded by renowned LA landmarks like the Griffith Observatory and Hollywood Bowl, this turnkey property offers the opportunity to capitalize on the desirability of the Sherman Oaks market. With its strategic location, diverse unit mix, and sought-after amenities, 14833 Magnolia Blvd is primed to deliver consistent cash flow and long-term value appreciation. Seize your chance to own a piece of this thriving community.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
  2. Listed by Joyce Goldstein • DRE #01903737 • Brokerage DRE #00409987 • CB Richard Ellis L.A. North Universal City

Property Details for 14833 West Magnolia Boulevard

Parking Spaces Total
41
Private Pool
No
Cooling Type
Wall/Window
Total Units
36.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
31378
Assessor Parcel Number
2249-021-022
LISTING UPDATED: 10/08/2024 10:58 AM

Property Details for 14833 West Magnolia Boulevard

StatusActive
MLS #CV24188890
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Building Information for 14833 West Magnolia Boulevard

Building/Complex14833 W Magnolia BlvdFloor-Stories3Residences-Pet Policy-Year Built1963Building Size-

Property Information for 14833 West Magnolia Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $871,759
  • Gross Scheduled Income: $871,759
  • Vacancy Allowance: 26153
  • Gross Operating Income: $845,606
  • Net Operating Income: $506,948
  • Laundry Income: $8,695
  • Other Income 1: $18,685
  • Other Income 2: $1,933
  • Gross Multiplier: 14.15
  • Cap Rate: 4.26
Expense Details
  • Operating Expense: $338,658
  • New Taxes Expense: $147,180
  • Gardener Expense: $2,775
  • Fuel Expense: $15,854
  • Pest Control Expense: $1,025
  • Electric Expense: $5,012
  • Insurance Expense: $31,880
  • Maintenance Expense: $16,207
  • Professional Management Expense: $53,568
  • Other Expense: $7,200
  • Other Expense Description: Reserves
  • Trash Expense: $21,101
  • Water Sewer Expense: $28,917
  • Supplies Expense: $7,444
  • Total Expenses: $338,658
Tax / Assessment Info
  • Tax Tract Number: 27293
  • Tax Census Tract: 1288.02
  • CFD/Mello-Roos Fee: $4,451
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 36
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 41
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,362
  • Unit Type Total Rent: $65,376
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,710
  • Unit Type Total Rent: $164,148
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,527
  • Unit Type Total Rent: $60,636
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 22
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,087
  • Unit Type Total Rent: $550,968
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 36
  • Number Of Separate Water Meters: 1

Property History for 14833 West Magnolia Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14833 West Magnolia Boulevard

Taxable ValueLand$4,199,600Additions$6,355,200Total$10,554,800
Tax Record2024$131,077 ($10,923 / month)
Home Facts
Total Finished SqFt31,378 SqFtAbove Grade Finished SqFt31,378 SqFtLot Size29,291 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN2249-021-022

Schools near 14833 West Magnolia Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Kester Avenue Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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14833 West Magnolia Boulevard is a multi-family home for sale in Sherman Oaks, CA 91403. This property was listed for sale on September 11, 2024 by CB RICHARD ELLIS, it's currently listed at $11,900,000. It has been on the market for a total of 71 days and was last sold on September 11, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Kester Avenue Elementary School, Van Nuys Middle School and Van Nuys Senior High School. 14833 West Magnolia Boulevard is a 5-bed, 58-bath, 31,378 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184; CB Richard Ellis L.A. North Universal City, Joyce Goldstein, DRE #01903737

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.