For Sale
$2,450,000

14825 Magnolia BlvdLos Angeles, CA 91403

11-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 11-unit apartment building in prime Sherman Oaks location (14825 Magnolia Blvd, 91403).
  • Value-add opportunity with approximately 39% rental income upside potential.
  • Units average 693 square feet; mix of three 2BR/1BA and eight 1BR/1BA units.
  • Potential to add 2-3 ADUs (subject to city approval).
  • Attractive price per door of $222,727 in a strong Sherman Oaks rental market.
  • 7,632 square feet on a 10,984 square foot lot; $2,450,000 asking price, 4.82% cap rate.

Property Details for 14825 Magnolia Blvd

Property type
Apartment buildings
Square Feet
7,632 SF
Year Built
1953
Buildings
2
Stories
2
Units
11

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.164844434935
Longitude
-118.45625180868
14825 Magnolia Blvd, Los Angeles, California

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14825 Magnolia Blvd
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