14825 Magnolia BlvdLos Angeles, CA 91403

Property Details for 14825 Magnolia Blvd

Year built

1953

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

7,632 SF

Zone code

LAR3

Property type

Residential income properties

Property subtype

Other 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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,739,527

  6.5%

  $2,528,794

  7%

  $2,348,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,249,517

  Geo Method

  $2,249,517

• Alternative Use

  Use

  Valuation

  Residential

  $2,528,794

  Hospitality

  $2,316,362

  Educational

  $1,927,186

  Medical

  $1,993,465

  Retail

  $2,997,845

Location Insight

City

Sherman Oaks

County

Los Angeles

State

California

Latitude

34.1652

Longitude

-118.456

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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