14825 Magnolia Blvd Sherman Oaks, CA 91403-1319
Property profile & analytics
14825 Magnolia Blvd Sherman Oaks, CA 91403-1319
- Apartment buildings
- 7,632 SF
- 0.25 lot acres
Property ID
US09-6329568
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 14825 Magnolia Blvd
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Property size
- 7,632 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 2249-021-023
- APU
- 2249021023
Description
This exceptional investment opportunity presents an 11-unit apartment building ideally situated in the highly desirable Sherman Oaks neighborhood of Los Angeles, California. Located at 14825 Magnolia Blvd, zip code 91403, this property boasts a prime location near an abundance of shopping, dining, and entertainment venues. The property comprises two buildings, each two stories high, totaling 7,632 square feet of rentable space on a substantial 10,984 square foot lot. The unit mix includes three two-bedroom, one-bathroom units and eight one-bedroom, one-bathroom units, averaging 693 square feet each. Built in 1953, the property is zoned LAR3, offering potential for future development. The current asking price is $2,450,000, representing a compelling price per door of $222,727 and a 4.82% capitalization rate. This value-add opportunity presents significant upside potential, with an estimated 39% increase in rental income achievable through strategic improvements. The property's location within a strong rental market, coupled with the potential to add 2-3 Accessory Dwelling Units (ADU's) subject to city planning approval, makes this a truly unique and attractive investment prospect. This rarely available asset offers a savvy investor the chance to acquire a well-positioned multifamily property in a thriving Los Angeles market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,045,000
- 6.5%
- $1,890,000
- 7%
- $1,755,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,850,000
Market price range: $1.85M - $2.81M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,495,000 Current use
- COMMERCIAL (GENERAL)
- $3,285,000 Change: +32% Conversion: Moderate
- OFFICE BUILDING
- $2,785,000 Change: +12% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sherman Oaks
- County
- Los Angeles
- State
- California
- Longitude
- -118.456
- Latitude
- 34.1652
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$15,246
$702,433
$437,292
$1,139,725
-
$0.00
$0.00
$0.00
