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14722 Magnolia Blvd, Sherman Oaks, CA 91403
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14722 Magnolia Blvd Sherman Oaks, CA 91403

$1,849,995
  • 32 Beds
  • 16 Baths
  • 3,588 Sq.Ft.
For Sale
$1,849,995 Get Pre-Qualified
Map preview of 14722 Magnolia Blvd, Sherman Oaks, CA 91403

Property Overview: 14722 Magnolia Blvd Sherman Oaks, CA has 32 bedrooms, 16 bathrooms, 3,588 living square feet and 6,503 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Rare R3 Zoning. Calling all 1031 Clients & Investors! Discover a rare gem in Sherman Oaks, just North of Ventura Blvd. This prime location offers proximity to the 101 and 405 freeway, shopping malls, markets, and public transportation.Featuring four units with two bedrooms one bath, hardwood floors, living and dining breakfast areas, patios, and shared laundry, this property also includes "Approved Plans and Permits "to build two new additional units which are paid for with complete modern appliances, washer and dryer, maximizing its value.Each unit, approximately under 900 sq ft, presents immense potential, with an existing one already remodeled with a washer and dryer and boasting a private backyard. With four-car garage, driveway parking, solar panels, newer electrical and plumbing systems, this property promises significant rental potential and growth. Don't miss out on this remarkable investment opportunity!

Listed by Todd Marks | BRE #01227834 | Berkshire Hathaway HomeServices California Properties
Last checked: 11 minutes ago | Last updated: May 23rd, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
6,503
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24388786
City
Sherman Oaks
County
Los Angeles
Time on Site
17 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,028
  • Total Rent: $2,028
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,230
  • Total Rent: $2,230
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,111
  • Total Rent: $1,111
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20.16
  • Gross Scheduled Income: --
  • Net Operating Income: $44,577
  • Gross Operating Income: $91,744
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 14722 Magnolia Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Community Structure, Driveway, Covered
Property Information
  • Total # of Units: 4
  • Parcel Number: 2263037008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South Of Burbank Blvd. East Of Kester Ave
View more facts & features

Local Sherman Oaks Agent

Sale History for 14722 Magnolia Blvd

Last sold for $1,475,000 on December 9th, 2022

  • May, 2024

  • May 15, 2024

    Date

    Active

    CRMLS: 24388786

    $1,849,995

    Price

  • December, 2022

  • Dec 9, 2022

    Date

    Sold

    CRMLS: SR22178076

    $1,475,000

    Price

  • Aug 12, 2022

    Date

    Active

    CRMLS: SR22178076

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    FAMILY TRUST AUCTION!!! 4 UNIT APARTMENT BUILDING IN THE VERY DESIRABLE SHERMAN OAKS AREA OF LOS ANGELES. EACH UNIT HAS 2 BEDROOMS AND 1 BATH (BUYER TO VERIFY. PUBLIC RECORD SHOWS 4 BEDROOMS.) EACH UNIT HAS A LIVING ROOM, DINING AREA AND KITCHEN. WALL HEATERS. DOWNSTAIRS REAR UNIT HAS A FIREPLACE & WASHER/DRYER HOOKUP. BACK AND SIDE OUTDOOR PATIOS. SEPARATE GAS & ELECTRIC METERS. LEASED SOLAR ELECTRIC SYSTEM. BUYER TO ASSUME SOLAR LEASE, AT BUYER’S EXPENSE, PRIOR TO CLOSE OF ESCROW. 4 GARAGE SPACES. GREAT INVESTMENT OPPORTUNITY.

  • May, 2018

  • May 2, 2018

    Date

    Expired

    CRMLS: 17285572

    $1,700,000

    Price

  • Dec 28, 2017

    Date

    Withdrawn

    CRMLS: 17285572

    $1,700,000

    Price

  • Dec 7, 2017

    Date

    Active Under Contract

    CRMLS: 17285572

    $1,700,000

    Price

  • Nov 2, 2017

    Date

    Active

    CRMLS: 17285572

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present for sale a four-unit multifamily property located in the Sherman Oaks neighborhood of Los Angeles, California . Situated at 14722 West Magnolia Boulevard, just north of Ventura Boulevard and west of Van Nuys Boulevard, the property is walking distance away from all of the exciting amenities that Ventura Boulevard is notorious for offering. In addition, the investment is nearby the 405 and 101 Freeways providing quick access to the San Fernando Valley as a whole.Built in 1955, this property boasts an impressive list of economically-conscious additions of solar panels, Astroturf, brand new electrical panels, all new copper pipes, and tankless water heaters. Paired with on-site parking, excellent curb appeal, and 5% cap rate, this property offers potential investors extraordinary rental upside potential and is sure to appreciate quickly.

  • April, 2014

  • Apr 3, 2014

    Date

    Sold (Public Records)

    Public Records

    $721,000

    Price

  • March, 2007

  • Mar 23, 2007

    Date

    Sold (Public Records)

    Public Records

    $955,000

    Price

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Tax History for 14722 Magnolia Blvd

Assessed Value (2020): $1,232,981
Year Land Value Improved Value Assessed Value
2020 $840,670 $392,311 $1,232,981

Home Value Compared to the Market

This property vs the competition

14722 Magnolia Blvd is listed 3.41% higher than the median list price for the city of Sherman Oaks which has a median list price of $1,789,000. The median price per/sqft for Sherman Oaks is $786 and this home is listed at $515.61 per/sqft which puts the price per square foot 34.4% lower than the median price per square foot for the city of Sherman Oaks.

About 14722 Magnolia Blvd

Detailed summary of property

14722 Magnolia Blvd is a multi family located in Sherman Oaks, CA 91403 and is currently for sale. This multi family property offers 32 bedrooms, 16 bathrooms, roughly 3,588 living square feet, and sits on an approximately 6,503 square foot lot. 14722 Magnolia Blvd was first listed on ArdentRealEstateGroup.com on May 16, 2024. The homeowner is currently asking $1,849,995. The median priced home in Sherman Oaks is $1,789,000 with a median price per square foot of $786. Based on Ardent Real Estate Group's Sherman Oaks Market Data, this home is listed 3.41% higher than the median priced home. Local competing homes currently for sale include 445 N Spaulding Ave, 8013 W 4th St and 1132 S Wooster St. While the average home in Sherman Oaks, CA is selling in 73 days, 14722 Magnolia Blvd has a days on market of 17 days. There are currently 261 homes for sale in the Sherman Oaks real estate market and 190 of them are single family homes while 57 of them are condos and 14 are townhomes. For more information on this home for sale at 14722 Magnolia Blvd Sherman Oaks, CA 91403 contact Ardent Real Estate Group and we will put you in touch with one of our Sherman Oaks agents.

Public Facts for 14722 Magnolia Blvd

Public county record property details
Beds
4
Baths
4
Year built
1955
Sq. Ft.
3,588
Lot Size
6,501
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
2263-037-008

The source for these homes facts are from public records.

91403 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$846
Median Sold Price
$1,475,000
Median Sold Price/Sq.Ft.
$675
Total Inventory
102
Median Sale to List Price %
87.02%
Avg Days on Market
55
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (25%), Other (16.67%)

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Recently Sold Homes Near 14722 Magnolia Blvd

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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