Seller's Agent in 2016
Cindy Hill
Equity Union
(818) 640-8360
1 in this area
77 Total Sales
14718 Magnolia Blvd Sherman Oaks, CA 91403
3
Beds
4
Baths
4,520
Sq Ft
6,502
Sq Ft Lot
Highlights
- Balcony
- Kester Avenue Elementary School Rated A-
- 5 Detached Carport Spaces
About This Home
As of June 2016Clean turnkey 7 unit apartment building located in the affluent neighborhood of Sherman Oaks.
The unit mix consists of (1) two bedroom two bath unit (1) one bedroom one bath unit and (5) singles. Each unit features a private patio or balcony. The building is 4520 square feet and is situated on a 6501 square foot lot.
The property is well maintained and recent upgrades include copper plumbing, new paint, and landscaping. The roof is in good condition. The building has tremendous upside in rents.
The tenants enjoy close proximity to the Sherman Oaks Galleria, Sherman Oaks Fashion Square and Ventura Blvd shopping and upscale restaurants. The property is within close proximity to the 101 and 405 freeways.
An astute investor will enjoy low interest rates and the increase in rents over time. The property is separately metered for electricity.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,502 Sq Ft Lot
- Two or More Common Walls
- No Landscaping
Parking
- 1 Car Garage
- 5 Detached Carport Spaces
- Parking Available
- Assigned Parking
Home Design
- 4,520 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Outdoor Features
- Balcony
- Exterior Lighting
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 1289
- Assessor Parcel Number 2263037009
Community Details
Overview
- 7 Units
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,368
- Gardener Expense $600
- Insurance Expense $2,100
- Maintenance Expense $2,500
- Other Expense $1,500
- Trash Expense $840
- New Taxes Expense $17,500
- Gross Income $7,141
- Net Operating Income $60,784
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2016 06/20/16 | Sold | $1,400,000 | -5.1% | $310 / Sq Ft |
| 06/13/2016 06/13/16 | Pending | -- | -- | -- |
| 03/18/2016 03/18/16 | For Sale | $1,475,000 | +13.5% | $326 / Sq Ft |
| 08/21/2015 08/21/15 | Sold | $1,300,000 | 0.0% | $288 / Sq Ft |
| 06/26/2015 06/26/15 | Pending | -- | -- | -- |
| 06/17/2015 06/17/15 | For Sale | $1,300,000 | -- | $288 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Cindy Hill
-
Michael Pourmirza
Buyer's Agent in 2016
Michael Pourmirza
Peak Commercial, Inc
(818) 999-9666
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16057159
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