14931 West Magnolia Boulevard

Sherman Oaks, CA 91403

$3,000,000
Price
9
Beds
14
Baths
8,763 Sq. Ft.
$342 / Sq. Ft.
8,763
Sq. Ft.
$342
per Sq. Ft.

Description

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 only minutes away from Encino and Van Nuys. 14931 Magnolia 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...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 only minutes away from Encino and Van Nuys. 14931 Magnolia 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. Constructed 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 only 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.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 14931 West Magnolia Boulevard

Zoning
LARD1.5
Parcel Number
2250021036
Total Units
9.0
Living Area
8763
Source Living Area
Vendor Enhanced
Area
Sherman Oaks (SO)
Vacancy Rate
2 units
Lot Size Area
7414
LISTING UPDATED: 12/05/2024 02:25 PM

Property Details for 14931 West Magnolia Boulevard

StatusActive
MLS #24-415755
Days on Market161
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1981
Lot Size0.17 AC / 7,414 SF
CountyLos Angeles County

Building Information for 14931 West Magnolia Boulevard

Stories2Residences-Year Built1981Building Size-Lot Size0.17 AC / 7,414 SF

Property Information for 14931 West Magnolia Boulevard

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: market rate
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Gated, Smoke Detector
  • Property Condition: Updated/Remodeled
  • Water: District
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $216,426
  • Net Operating Income: $143,243.00
  • Gross Income: $223,080
  • Cap Rate: 4.77%
  • Gross Rent Multiplier: $13.53
  • Actual Annual Gross Rent: $221,784.00
  • Vacancy Allow Dollar: $6,654.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Electricity, Gas, Gardener
  • Total Annual Expense: 73183
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1702
  • Lot Size Square Feet: 7414
  • Lot Size Dimensions: 60x130
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached, Gated
  • Total Parking: 0
  • Parking Features: Gated
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Garbage Disposal, Hood Fan, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony, Full Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-15-2024
  • Tenant Pays: Electricity, Gas, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,611.00
  • Unit Actual Rent: $1,611.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,730.00
  • Unit Actual Rent: $1,730.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,730.00
  • Unit Actual Rent: $1,730.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,611.00
  • Unit Actual Rent: $1,611.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Number of Dishwasher: 9
  • Number of Disposal: 9
  • Number of Electric Meters: 9
  • Number of Gas Meters: 9
  • Number Leased: 7
  • Number Range: 9
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $776,658.00
  • Assessed Improvement Percent: 69.64
  • Assessed Land Value: $338,528.00
  • Assessed Land Percent: 30.36
  • Assessed Total Value: $1,115,186.00

Property History for 14931 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 14931 West Magnolia Boulevard

Taxable ValueLand$345,298Additions$792,191Total$1,137,489
Tax Record2024$14,964 ($1,247 / month)
Home Facts
Total Finished SqFt8,763 SqFtAbove Grade Finished SqFt8,763 SqFtLot Size7,448 SqFtStyleMulti-Family Res (5+ Units)Year Built1981ZoningLARD1.5CountyLOS ANGELESAPN2250-021-036

Schools near 14931 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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14931 West Magnolia Boulevard is a multi-family home for sale in Sherman Oaks, CA 91403. This property was listed for sale on July 14, 2024 by Marcus & Millichap, it's currently listed at $3,000,000. 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. 14931 West Magnolia Boulevard is a 9-bed, 14-bath, 8,763 sqft multi-family home built in 1981.

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 Marcus & Millichap, Sevak Keshishian, DRE #01887505

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.