14833 Magnolia Blvd - Apartments FOR SALE


Sherman Oaks, CA 91403
$11,900,000 USD
909-418-2071
14833 Magnolia Blvd, Sherman Oaks, CA for Sale
$11,900,000 USD
Apartments - FOR SALE
1/52
null | 4.26% Cap Rate

14833 Magnolia Blvd
Sherman Oaks, CA 91403


HIGHLIGHTS

  • Desirable Rental Location in the City of Sherman Oaks
  • Excellent Unit Mix Featuring Studio’s, One-, and Two- Bedroom Floor Plans
  • Value-Add Opportunity; Potential to Increase Income Approximately 30%
  • Located within Minutes to the 118, 101, and 405 Freeways and a Short Drive to Burbank, North Hollywood, Studio City, Calabasas and Glendale
  • Beautiful Courtyard Area
  • Secured Entry

OVERVIEW

CBRE, Inc. is 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.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

36

PRICE/UNIT

$330,556

CAP RATE

4.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,290 SF

ZONING

R3

APN/PARCEL ID

2249-021-022

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.