14722 Magnolia Blvd - Apartments FOR SALE


Sherman Oaks, CA 91403
$1,749,000 USD
310-722-3161
14722 Magnolia Blvd, Sherman Oaks, CA for Sale
$1,749,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

14722 Magnolia Blvd
Sherman Oaks, CA 91403


HIGHLIGHTS

  • Add Value / Upside | Proforma NOI of $150,000
  • 2 x ADUs (1BR 1 BA) permitted/approved (by Seller)
  • Rare LAR3 Zoning
  • Prime Sherman Oaks
  • Close Proximity to Ventura Blvd Restaurants, Cafes, Entertainment
  • 2 BR Units Feature Patios/Hardwood Floors | Community Laundry Onsite

OVERVIEW

Add Value Buyer Opportunity! Significant upside by adding 2 x 1BR ADUs (Seller has secured approved plans and permits). Rare LAR3 Zoning. Located in prime Sherman Oaks, just North of Ventura Blvd, this property offers close proximity to the 101 and 405 freeways, shopping malls, markets, and public transportation. Featuring 4 x 2 BR units with hardwood floors, living and dining breakfast areas and patios. Community laundry onsite. Each of the 2 BR units are approximately 900 sq ft, while each of the 1 BR ADUs are approximately 650 sq ft. Seller has already remodeled a 2 BR unit, with upgrades including in-unit washer and dryer and a private backyard. Property has a Four-car garage + driveway parking. Other improvements include solar panels and newer electrical and plumbing systems.

FOR SALE DETAILS

PRICE

$1,749,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,501 SF

ZONING

LAR3

APN/PARCEL ID

2263-037-008

ASK ABOUT THIS PROPERTY

Mason CanterKW CommercialMore Info
310-722-3161

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Mason CanterKW CommercialMore Info
310-722-3161

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