15315 Magnolia BlvdLos Angeles, CA 91403

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.