14722 Magnolia BLVD Active Save Request In-Person Tour Request Virtual Tour
Sherman Oaks,CA 91403
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,588 sqft
Price per Sqft $487
MLS Listing ID 24463765
Bedrooms 8
HOA Y/N No
Year Built 1955
Lot Size 6,503 Sqft
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 So - Sherman Oaks
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Covered,Driveway,Community Structure
Attached Garage Yes
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2263037008
Special Listing Condition Standard