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14556 Magnolia Blvd
Sherman Oaks, CA 91403 Sherman Oaks

$10,450,000 USD

Apartments For Sale  •  39,198 SF

Property Details

  • Property Type Apartments
  • Total Building Size 39,198 SF
  • Lot Size 0.57 AC
  • Building Class C
  • Year Built 1961
  • Cap Rate 5.72 %
  • Zoning LAR3
51 Transit Score
68 Walk Score

Highlights

Value Add Opportunity: 50-units located in Sherman Oaks, California. Current rents are approximately 22% under market
Favorable Unit Mix: Property features a favorable unit mix consisting of (17) studio/one-bathroom units and (33) one-bedroom/one-bathroom units
Property Amenities: Property amenities include secured access, pool, grill/picnic area, lounge, fitness center, laundry facility, elevator
Convenient Location: Property located near 405 and 101 freeways and just a short drive to major job centers such as Woodland Hills, Encino, NoHo
Low Price Per Foot/Unit: Low price per foot ($266.60/ft) and unit ($209,000)

Property Flyers

Cap Rate: 5.72 %

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.7 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 7.7 mi
AirportDriveWalkDistance
Bob Hope 13 min - 7.7 mi
Los Angeles International 27 min - 19.2 mi
Long Beach (Daugherty Field) 46 min - 36.6 mi
Jeff Louks 310-941-5899 Marcus & Millichap
Jeff Louks 310-941-5899 Marcus & Millichap