$3,100,000
14931 Magnolia Boulevard Sherman Oaks (los Angeles), CA 91403
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$3,100,000
Est. payment /mo
8,763 SqFt
UPDATED:
10/15/2024 12:13 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,763 sqft
Price per Sqft $353
MLS Listing ID CL24415755
HOA Y/N No
Year Built 1981
Lot Size 7,414 Sqft
Acres 0.17
Property 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 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
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
Water Public
New Construction No
Others
Tax ID 2250021036
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Listed by Sevak Keshishian • Marcus & Millichap
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122