14716 Magnolia Blvd - Apartments FOR SALE


Sherman Oaks, CA 91403
$1,500,000 USD
818-640-4360
14716 Magnolia Blvd, Sherman Oaks, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/31
null | 5.05% Cap Rate

14716 Magnolia Blvd
Sherman Oaks, CA 91403


HIGHLIGHTS

  • 7 units in prime Sherman Oaks rental pocket
  • The building has been well maintained by long term owner and improvements include new roof, copper plumbing, updated electrical and balconies recently
  • Excellent unit mix consisting of (1) studio unit, (4) 1+1 units, and (2) 2+1 units
  • Substantial upside in existing rents

OVERVIEW

Equity Union Commercial is proud to represent this 7 unit property in Sherman Oaks. The building was constructed in 1964. Its unit mix consists of (1) studio unit, (4) 1+1 units, and (2) 2+1 units. With a lot size of 6,502 square feet, the property has a total of 4,837 rentable square feet. The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

5.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,502 SF

ZONING

LAR3

APN/PARCEL ID

2263-037-010

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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