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15114 Magnolia Boulevard, Sherman Oaks, CA 91403

6 Bed, 3 Bath Multi-Family Home For Sale

15114 Magnolia Boulevard, Sherman Oaks, CA 91403 House For Sale - MLS #SR17025055
Under Agreement
$950,000
6
3
Multi-Family
3 Family
This listing is courtesy of Michael Moran from The 2-4 Unit Specialists.

Property Description for 15114 Magnolia Boulevard, Sherman Oaks, CA 91403

15114 Magnolia Blvd is a triplex located in an exceptional Sherman Oaks location that is zoned R3. Priced at an unbeatable $950,000 & price/SF of $349.39, this is the best value you?ll find in Sherman Oaks. The average price/SF of 2-4 unit properties in the area is $427.23, so this triplex is going to go fast.The property consists of a freestanding house (2b/1b) which has its own private, enormous backyard & patio, & a 2 unit building (1b/1b and 3b/1b). These 3 spacious units are located on a 6,253 SF lot minutes from the countless Sherman Oaks neighborhood hotspots.15114 Magnolia presents buyers numerous routes to profit: 1. Build! A 6,253 square foot R3 lot for $950,000 is hard to find! Two lots of the same size on Magnolia a few blocks down sold in 2016 for a much higher price. 14822 Magnolia sold for $1,050,000 and 14816 Magnolia sold for $1,000,000. Snap this up for $950,000 and move forward with a profitable development project.2. Buy and hold! 15114 Magnolia?s rents are significantly under market and there is massive upside. The pro forma cap rate is 5.79%.3. Live and rent! The freestanding house at the rear of the property would be an excellent owner-occupied dwelling. Enjoy your privacy while ensuring steady income from the fr

Interior Details

2,719 sq. ft.
$349.39/sq. ft.
Water District; Public

Exterior Details

0.14 acres
6,253 sq. ft.
3 Garage Spaces

Other Details

SR17025055
1947
3

Units Description

Unit #1
Bedrooms: 3      Full / Half Baths: 1      Rent: $1,623     

Unit #2
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,691     

Unit #3
Bedrooms: 1      Full / Half Baths: 1      Rent: $634     

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Town Description

Sherman Oaks is part of the city of Los Angeles and is represented in the Los Angeles City Council by Second District City Councilman Paul Krekorian and Fifth District City Councilman [[Paul...

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