14722 Magnolia Boulevard, Sherman Oaks, CA 91403 - Berkshire Hathaway HomeServices California Properties

14722 Magnolia Boulevard, Sherman Oaks, CA 91403

$1,699,000 Approx. USD 8 beds, 4 baths
3,588 sqft

Listing Agent


Todd Marks | ToddMarksEstates@gmail.com
Lic#: 01227834
Broker: Courtesy of Berkshire Hathaway HomeServices California Properties

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24463765
List price is $1,699,000 Reduced by $50,000 on 3/6/2025
Price: $1,699,000
Beds: 8
Baths: 4
Built in 1955
3,588 sqft
2 stories
0.15 acres
Lot size: 0.1493
County: Los Angeles
Zoning: LAR3
Parking description: Covered,Driveway,Community Structure
Heating description: Wall Furnace
MLS area: SO - Sherman Oaks

Last Updated: 3/21/2025

 Days On Market (DOM): 127

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This listing belongs to the SO - Sherman Oaks MLS area

Lat/Long: 34.164565, -118.453907.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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