14722 Magnolia Blvd Active Save Request In-Person Tour Request Virtual Tour
Sherman Oaks,CA 91403
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,588 sqft
Price per Sqft $487
MLS Listing ID 24-463765
Bedrooms 8
Year Built 1955
Lot Size 6,503 Sqft
Acres 0.1493
Property Sub-Type Multi-Family
Property Description
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. With the addition of the ADUs, the NOI becomes $150,859, CAP Rate 8.63 and GRM 9.11. 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.
Location
State CA
County Los Angeles
Area Sherman Oaks
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Air Conditioning
Equipment Other
Exterior
Parking Features Community Garage, Driveway, Covered Parking, Garage - 4+ Car, Garage Is Attached
Building
Level or Stories Two
Others
Special Listing Condition Standard