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$ 1,595,000
Est. payment | /mo
2 Beds
3,588 SqFt
$ 1,595,000
Est. payment | /mo
2 Beds
3,588 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,588 sqft
Price per Sqft $444
MLS Listing ID CL26661779
Bedrooms 2
HOA Y/N No
Year Built 1955
Lot Size 6,503 Sqft
Acres 0.15
Property Sub-Type OTHER
Property 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Solar
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 2263037008
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Listed by Joshua Luchs • Kidder Mathews of California, Inc.
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