14722 Magnolia Boulevard, Sherman Oaks, CA 91403
-
Listed Price :
$1,749,000
-
Beds :
8
-
Baths :
4
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Property Size :
3,588 sqft
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Year Built :
1955
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.
Interior Features
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
14722 Magnolia Boulevard |
| City |
Sherman Oaks |
| State |
CA |
| Zip |
91403 |
| County |
Los Angeles |
| Listing Agent |
Todd Marks DRE #01227834 |
| Courtesy Of |
Berkshire Hathaway HomeServices California Properties |
| List Price |
$1,749,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,588 |
| Lot Size |
6,503 |
| Year Built |
1955 |
Listing information courtesy of: Todd Marks, Berkshire Hathaway HomeServices California Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 19th, 2025 at 12:13 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
