14931 Magnolia Boulevard
Sherman Oaks, CA 91403
- – beds
- – baths
- – sqft
- 7,414 sqft lot
- 1981 build
- – on site
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 1-unit 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 is situated south of Burbank Blvd with Sepulveda Blvd to the west and Kester Ave to the east. Residents have easy access to several nearby bus stops on Magnolia Blvd and Sepulveda Blvd. For nature enthusiasts, the property is only a mile away from the Sepulveda Basin where one can enjoy kayaking, fishing, and exploring nature. Moreover, its proximity to the Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers, and other places of business ensures a high demand for rental units. For commuters, the property is minutes away from the 101 405 Freeways, allowing access throughout the San Fernando Valley and into the westside of Los Angeles.
Last checked:
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Last updated Feb 10, 2025
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MLS# 24415755 —
The Building
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Year Built:1981
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New Construction:No
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Building Area Total:8763.00
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Total Number Of Units:9
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# of Buildings:1
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Stories Total:2
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# of Separate Gas Meters:9
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# of Separate Electric Meters:9
Interior
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Levels:Multi/Split
Location
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Directions:heading north on Kester, make a left and head west on Magnolia. Property is located at the corner of Magnolia and Saloma.
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Latitude:34.16507500
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Longitude:-118.45887100
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:LARD1.5
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Lot Size Area:7414.0000
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Lot Size Dimensions:60x130
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Lot Size Acres:0.1702
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Lot Size SqFt:7414.00
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Security Features:Automatic Gate, Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2250021036
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Gated
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/5/25
Feb 5, 2025
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Price Changed | CRMLS_CA | $2,850,000 | -5.0% |
|
12/4/24
Dec 4, 2024
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Price Changed | CRMLS_CA | $3,000,000 | -3.2% |
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10/14/24
Oct 14, 2024
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Price Changed | CRMLS_CA | $3,100,000 | -3.1% |
