List Search

14833 Magnolia Blvd
Sherman Oaks, CA 91403 Sherman Oaks

$11,900,000 USD

Apartments For Sale  •  31,378 SF

Property Details

  • Property Type Apartments
  • Total Building Size 31,378 SF
  • Lot Size 0.67 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 4.26 %
  • Zoning R3
49 Transit Score
65 Walk Score

Highlights

Desirable Rental Location in the City of Sherman Oaks
Excellent Unit Mix Featuring Studio’s, One-, and Two- Bedroom Floor Plans
Value-Add Opportunity; Potential to Increase Income Approximately 30%
Located within Minutes to the 118, 101, and 405 Freeways and a Short Drive to Burbank, North Hollywood, Studio City, Calabasas and Glendale
Beautiful Courtyard Area
Secured Entry

Financial Summary (Actual)

Net Operating Income: $506,948 USD (2023)
Cap Rate: 4.26 %
Total Expenses: $338,658 USD

Amenities

  • Balcony
  • Laundry Facilities
  • Security System
  • Storage Space
  • Heating
  • Recycling
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 4.0 mi
Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 19 min - 8.4 mi
AirportDriveWalkDistance
Bob Hope 19 min - 9.5 mi
Los Angeles International 28 min - 24.2 mi
Long Beach-Daugherty Field 40 min - 38.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 41
Type: Covered
Included in Rent: Yes
Eric Chen 909-418-2071 CBRE, Inc.
Eric Chen 909-418-2071 CBRE, Inc.