14641 Magnolia Blvd - Apartments FOR SALE


Van Nuys, CA 91403
$2,850,000 USD
213-761-9000
14641 Magnolia Blvd, Van Nuys, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/31
null | 5.62% Cap Rate

14641 Magnolia Blvd
Van Nuys, CA 91403


HIGHLIGHTS

  • Great Location | Large LOT
  • Seismic Retrofit Completed
  • Great Unit Mix | Large Units
  • Pool | Laundry On-Site
  • 10 Parking Spaces

OVERVIEW

14641 Magnolia Blvd presents a rare opportunity to acquire a well-located 10-unit multifamily property in the highly desirable Sherman Oaks rental market. The building features an attractive unit mix of four spacious 1-bedroom/1-bath units and six large 2-bedroom/2-bath units, offering strong appeal to tenants. Residents benefit from desirable amenities including a swimming pool, on-site laundry facility, and ten dedicated parking spaces. Situated on a generous 12,080 SqFt lot, the property also offers future development or value-add potential for investors looking to maximize long-term upside. The surrounding block continues to see strong reinvestment with multiple brand-new multifamily developments recently completed nearby, further elevating the neighborhood’s desirability. Conveniently located just minutes from Ventura Boulevard’s vibrant dining, retail, and entertainment corridor, as well as easy access to major freeways, the property sits in one of the San Fernando Valley’s most sought-after rental pockets. Notably, this offering is currently one of the lowest price-per-door opportunities available in Sherman Oaks, presenting investors with a compelling combination of stable income, strong rental demand, and significant long-term upside.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

10

PRICE/UNIT

$285,000

CAP RATE

5.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,079 SF

ZONING

LARD1.5

APN/PARCEL ID

2249-007-009

ASK ABOUT THIS PROPERTY

Pashootan ManoochehriKeller WilliamsMore Info
213-761-9000

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Pashootan ManoochehriKeller WilliamsMore Info
213-761-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.