Price Reduced Listing
14722 Magnolia Boulevard,Sherman Oaks, CA 91403
Sherman Oaks, CA 91403
Description
14722 Magnolia Blvd presents a rare opportunity to acquire a well-maintained, four-unit multifamily asset in the heart of Sherman Oaks, one of the San Fernando Valley's most desirable rental markets. The property consists of four spacious two bedroom units, offering an attractive unit mix ideally suited for long-term tenancy in a high-demand submarket. The building has been thought fully maintained and upgraded, featuring wood flooring throughout, copper plumbing, and upgraded electrical systems key capital improvements that enhance long-term operational efficiency and reduce deferred maintenance exposure. The owner's unit further distinguishes the property with in unit washer/dryer, a tankless water heater, and a private patio, providing enhanced livability and positioning for premium rental upside. The property includes eight on-site parking spaces, half of which are currently situated in two front garages. Importantly, the offering includes approved architectural plans with ready to-issue permits for the construction of two additional one-bedroom units. This embedded value-add component allows a new owner to meaningfully increase density and income potential with minimal entitlement risk an increasingly rare opportunity in Los Angeles. The expansion potential, combined with the property's existing stability, offers investors a clear path to increased NOI and long-term appreciation. Strategically located along Magnolia Boulevard, the asset benefits from proximity to Ventura Boulevard's retail, dining, and employment amenities, strong surrounding demographics, and consistent tenant demand. 14722 Magnolia Blvd represents a compelling opportunity to acquire a stabilized asset with significant upside in one of the Valley's premier multifamily submarkets.
Details
| MLS # | 26661779 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 201 |
| Listing Provided By | Kidder Mathews of California, Inc. | Joshua Luchs |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,588 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.15 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Solar |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Disposal |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Sherman Oaks |
| Zip Code | 91403 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91403) | |
Price: $1,545,000 low | high Med: $849,000 sqft: 3,588 low | high Med: 1,450 $ / sqft: $431 low | high Med: $586 On site: 201 low | high Med: 13 | |
Market Activity 91403
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Sherman Oaks |
| Zip Code | 91403 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91403) | |
Price: $1,545,000 low | high Med: $849,000 sqft: 3,588 low | high Med: 1,450 $ / sqft: $431 low | high Med: $586 On site: 201 low | high Med: 13 | |
