14931 Magnolia Boulevard Active

Sherman Oaks (los Angeles),CA 91403

$ 3000000

- Bed

0 Bath

8763 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,763 sqft

Price per Sqft $342

MLS Listing ID CL24415755

HOA Y/N No

Year Built 1981

Lot Size 7,414 Sqft

Acres 0.17

Property Description

We are pleased to present 14931 Magnolia Blvd, a 9-unit multifamily property located in Sherman Oaks. This property represents a value-add opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only minutes away from Encino and Van Nuys. 14931 Magnolia Blvd is an ideal choice for investors seeking over 25% in rental upside through interior and exterior renovation programs. With 2-units currently vacant, an investor can get a head start on their interior renovation program to achieve market rents. Constructed in 1981, this multi-story property is comprised of two 1-bedroom/1-bathroom units, five 1-bedroom/1.5-bathroom townhouse units, and two 1-bedroom/2-bathroom units with a loft. The two loft units function like a 2-bedroom unit as there is a 2nd bathroom on the loft level. All units have private patios or balconies, are equipped with central air conditioners, and are individually metered for gas and electric utilities. The property includes 14 parking spaces, on-site laundry, gated parking, controlled access, and a common area for tenants to sit outside and enjoy the use of barbeque grills. 14931 Magnolia Blvd is not subject to the LA City Rent Stabilization Ordinance and rents can be increased by 5% + CPI (AB 1482). 14931 Magnolia Blvd

Location

State CA

County Los Angeles

Area Listing

Zoning LARD

Interior

Heating Other

Cooling Central Air

Fireplace No

Building

Water Public

New Construction No

Others

Tax ID 2250021036

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