14931 West Magnolia Boulevard
$3,100,000
9
14
8,763
8,763
$354
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.
- Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 14931 West Magnolia Boulevard
Zoning
LARD1.5
Parcel Number2250021036
Total Units9.0
Living Area8763
Source Living AreaVendor Enhanced
AreaSherman Oaks (SO)
Vacancy Rate2 units
Lot Size Area7414
LISTING UPDATED: 10/14/2024 04:50 PM
Property Details for 14931 West Magnolia Boulevard
Status | Active |
---|---|
MLS # | 24-415755 |
Days on Market | 132 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1981 |
Lot Size | 0.17 AC / 7,414 SF |
County | Los 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
Property History for 14931 West Magnolia Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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