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    15315 Magnolia Blvd Los Angeles, CA 91403

    Sponsored
    For Sale
    $18,600,000

    Prime Location, High-Demand Office

    Property size:
    97,805 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A, four-story office building in Sherman Oaks, CA offers 97,805 square feet on a 0.94-acre lot. The property boasts 310 parking spaces and is currently 68.2% occupied, presenting a significant owner-user opportunity. Located at 15315 Magnolia Blvd, 91403, it benefits from exceptional access to major freeways (101 and 405), placing it within easy reach of the Westside and broader Los Angeles area. The building's strategic location in the affluent Sherman Oaks market, known for its high average household income ($151,153) and median home value ($1,149,795) within a one-mile radius, ensures strong market fundamentals and a deep, diverse tenant base. The area's thriving entertainment industry, coupled with the proximity to the Sherman Oaks Galleria, a major retail and entertainment center, further enhances the property's appeal. The asking price is $18,600,000, representing a significant discount to replacement cost. An owner-user could immediately occupy approximately 31,107 square feet, with potential for an additional 29,159 square feet within the first year. The property's strong occupancy rate and the advantages of ownership—including depreciation, interest write-offs, and asset appreciation—make this a compelling investment. The building's multi-tenant structure provides additional income streams, further enhancing its investment potential. This is a rare opportunity to acquire a prominent office building in a high-performing submarket.

    Property Features for 15315 Magnolia Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    97,805 SF
    Class
    A
    Lot Size
    40,946 SF

    Building Details

    Buildings
    1
    Stories
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Ross Morgan & Co Property Management Company True Cool Heating ... Air Conditioning Contractor Sherman Oaks Financial ... Financial Planner Akaragian Law Attorney Richard Villasenor Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.4665955
    Latitude
    34.1651663

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Location, High-Demand Office
    Where is this office property / space located?
    The property is located at 15315 Magnolia Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $18,600,000.
    Request Owner's contact information
    15315 Magnolia Blvd Los Angeles, CA 91403
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    Los Angeles, CA 91403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15315 Magnolia Blvd Los Angeles, CA 91403
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