NOT LISTED FOR SALE

14722 Magnolia Blvd Sherman Oaks, CA 91403

Estimated Value: $1,509,000 - $1,719,000

8 Beds
4 Baths
3,588 Sq Ft
$448/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $1,475,000 $411 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,026/month

31 Days on Market

Highlights

  • Laundry Room
  • Kester Avenue Elementary School Rated A-
  • Level Lot

About This Home

As of December 2022

FAMILY TRUST AUCTION!!! 4 UNIT APARTMENT BUILDING IN THE VERY DESIRABLE SHERMAN OAKS AREA OF LOS ANGELES. EACH UNIT HAS 2 BEDROOMS AND 1 BATH (BUYER TO VERIFY. PUBLIC RECORD SHOWS 4 BEDROOMS.) EACH UNIT HAS A LIVING ROOM, DINING AREA AND KITCHEN. WALL HEATERS. DOWNSTAIRS REAR UNIT HAS A FIREPLACE & WASHER/DRYER HOOKUP. BACK AND SIDE OUTDOOR PATIOS. SEPARATE GAS & ELECTRIC METERS. LEASED SOLAR ELECTRIC SYSTEM. BUYER TO ASSUME SOLAR LEASE, AT BUYER’S EXPENSE, PRIOR TO CLOSE OF ESCROW. 4 GARAGE SPACES. GREAT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Larry Weiner

Flans & Weiner, Inc. License #00945753 Listed on: 08/12/2022

Last Buyer's Agent

Out Of Area Southland

SOUTHLAND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,545

Year Built

  • Built in 1955

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 3,588 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 8 / 4
  • Tax Tract Number 7307
  • Assessor Parcel Number 2263037008

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Water Sewer Expense $1,560
  • Gross Income $86,206

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,545

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 374750
  • Property Attached: Yes
  • Water Sewer Expenses: 1560.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2263037008
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 411.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Electric Expense: 840.00
  • Gross Income: 86206.20
  • Gross Scheduled Income: 86206.00
  • Lot Size Area: 6501.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: 4
  • Tax Lot: 8
  • Tax Tract Number: 7307

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Oct 26, 2022
Sold by
Herbert Schroeder Trust
Bought by
14722 Magnolia Llc
Seller's Agent
Larry Weiner
Flans & Weiner, Inc.
Buyer's Agent
Out Of Area Southland
SOUTHLAND
List Price
$1,499,000
Sold Price
$1,475,000
Premium/Discount to List
-$24,000
-1.6%
Views
22
Current Estimated Value
$1,606,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,058
Avg. Annual Appreciation
3.68%
Original Mortgage
$958,750
Outstanding Balance
$912,212
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$718,736

Purchase Details

Closed on
Feb 4, 2014
Sold by
Berg Ronal H
Bought by
Schroeder Herbert and The Herbert Schroeder Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2007
Sold by
Schwartz Todd S and Schwartz Lisa J
Bought by
Berg Ronald H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,750
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2004
Sold by
Schwartz Todd S and Schwartz Lisa J
Bought by
Schwartz Todd S

Purchase Details

Closed on
Aug 28, 1997
Sold by
Watters Trust Watters Rachel S Tr O W And R S
Bought by
Watters Rachel S and Watters Irrevocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
14722 Magnolia Llc $1,475,000 Lawyers Title
Schroeder Herbert $721,000 American Coast Title Company
Berg Ronald H $955,000 First American Title Co
Schwartz Todd S -- --
Watters Rachel S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 14722 Magnolia Llc $958,750
Previous Owner Schroeder Herbert $815,000
Previous Owner Schroeder Herbert $540,750
Previous Owner Berg Ronald H $620,750
Previous Owner Schwartz Todd S $257,600
Previous Owner Schwartz Todd S $199,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $1,475,000 -1.6% $411 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $1,499,000 -- $418 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,545 $1,534,590 $910,350 $624,240
2024 $18,545 $1,504,500 $892,500 $612,000
2023 $18,187 $1,475,000 $875,000 $600,000
2022 $15,298 $1,270,668 $866,366 $404,302
2021 $15,101 $1,245,754 $849,379 $396,375
2019 $14,650 $1,208,806 $824,187 $384,619
2018 $14,550 $1,185,105 $808,027 $377,078
2016 $13,895 $1,139,088 $776,651 $362,437
2015 $13,693 $1,121,978 $764,985 $356,993
2014 $13,069 $1,043,749 $765,053 $278,696
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Larry Weiner

    Flans & Weiner, Inc.

    (818) 501-4888

    2 in this area

    278 Total Sales

    Larry Weiner
    Section Image

  • O

    Buyer's Agent in 2022

    Out Of Area Southland

    SOUTHLAND

  • N

    Buyer's Agent in 2022

    NoEmail NoEmail

    SOUTHLAND

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22178076

California Regional Multiple Listing Service (CRMLS)

APN: 2263-037-008

California Los Angeles County Sherman Oaks 91403

14722 Magnolia Blvd, Sherman Oaks, CA

This home is located at 14722 Magnolia Blvd, Sherman Oaks, CA 91403 since 12 August 2022 and is currently estimated at $1,606,058, approximately $447 per square foot. This property was built in 1955. 14722 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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