$1,300,000
SOLD AUG 21, 2015

14718 Magnolia Blvd Sherman Oaks, CA 91403

3 Beds
3 Baths
4,520 Sq Ft
6,502 Sq Ft Lot

Recently Sold

$288 Per Sq Ft

About This Home

As of June 2016

KW Commercial is proud to represent the clean turnkey 7 unit apartment building located in the affluent neighborhood of Sherman Oaks. The unit mix consists of (1) two bedroom one 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 and six of the seven units are due for an immediate rent increase.
An astute investor will enjoy low interest rates and the increase in rents over time. The property is separately metered for electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 06/17/2015

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 06/17/2015

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,502 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 4,520 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 7307
  • Assessor Parcel Number 2263037009

Community Details

Overview

  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • Electric Expense $1,308
  • Gardener Expense $600
  • Insurance Expense $2,100
  • Trash Expense $840
  • Water Sewer Expense $1,308
  • New Taxes Expense $16,250
  • Gross Income $6,352
  • Net Operating Income $48,779

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1308.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2263037009
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 287.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6502.00
  • Price Per Lot Square Foot: 199.94
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 1308.00
  • Gross Income: 6352.00
  • Gross Scheduled Income: 76224.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 6502.0000 Square Feet
  • Net Operating Income: 48779.00
  • Number Of Separate Electric Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 25158.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Lot: 9
  • Tax Tract Number: 7307

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2016

    Cindy Hill

    Equity Union

    (818) 640-8360

    1 in this area

    77 Total Sales

    Cindy Hill
    Section Image
  • Michael Pourmirza

    Buyer's Agent in 2016

    Michael Pourmirza

    Peak Commercial, Inc

    (818) 999-9666

    6 Total Sales

    Michael Pourmirza
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15131044

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Sherman Oaks 91403

14718 Magnolia Blvd, Sherman Oaks, CA

This home is located at 14718 Magnolia Blvd, Sherman Oaks, CA 91403 and is currently priced at $1,300,000, approximately $287 per square foot. This property was built in 1964. 14718 Magnolia Blvd is a home located in Los Angeles County with nearby schools including Kester Avenue Elementary School, Van Nuys High School, and Ivy Bound Academy of Math Sci and Tech Charter Middle.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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