We are pleased to present 14931 Magnolia Blvd, a 9-unit multifamily property located in Sherman Oaks. This property represents a value-add opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only minutes away from Encino and Van Nuys. 14931 Magnolia Blvd is an ideal choice for investors seeking over 25% in rental upside through interior and exterior renovation programs. With 2-units currently vacant, an investor can get a head start on their interior renovation program to achieve market rents. Constructed in 1981, this multi-story property is comprised of two 1-bedroom/1-bathroom units, five 1-bedroom/1.5-bathroom townhouse units, and two 1-bedroom/2-bathroom units with a loft. The two loft units function like a 2-bedroom unit as there is a 2nd bathroom on the loft level. All units have private patios or balconies, are equipped with central air conditioners, and are individually metered for gas and electric utilities. The property includes 14 parking spaces, on-site laundry, gated parking, controlled access, and a common area for tenants to sit outside and enjoy the use of barbeque grills. 14931 Magnolia Blvd is not subject to the LA City Rent Stabilization Ordinance and rents can be increased by 5% + CPI (AB 1482). 14931 Magnolia Blvd is situated south of Burbank Blvd with Sepulveda Blvd to the west and Kester Ave to the east. Residents have easy access to several nearby bus stops on Magnolia Blvd and Sepulveda Blvd. For nature enthusiasts, the property is only a mile away from the Sepulveda Basin where one can enjoy kayaking, fishing, and exploring nature. Moreover, its proximity to the Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers, and other places of business ensures a high demand for rental units. For commuters, the property is minutes away from the 101 405 Freeways, allowing access throughout the San Fernando Valley and into the westside of Los Angeles.
Property Details
Property Features
Property Information:
Year Built: 1981
Stories: 2
Living Area: 8,763 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal
Bedroom and Bathroom Information:
Total Bedroom Count: 9
Exterior Features
Parking Information:
Attached Garage: Yes
Parking: Gated
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: heading north on Kester, make a left and head west on Magnolia. Property is located at the corner of Magnolia and Saloma.
Price Information
Listing Price Info
Price Summary:
List Price: $3,100,000
Price Per SqFt: $354/SqFt
Tax Information:
Annual Amount: $13,834
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.0M more than the Median Sold Price and $287/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24415755
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$13,834
$1,071,884
2020
$13,441
$1,060,894
2019
$13,319
$1,040,093
2018
$13,001
$1,019,700
2017
$13,001
$999,707
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Kester Elementary / Magnet
5353 Kester Ave
Distance between this listing and this school0.19 miles
Public District Grades PK-5
7
/10
Sherman Oaks Elementary Charter
14755 Greenleaf St
Distance between this listing and this school1.07 miles
Public Charter Grades KG-5
7
/10
Chandler Learning Academy
14030 Weddington St
Distance between this listing and this school1.17 miles
Public District Grades KG-5
Nearby Schools
5
/10
High Tech la Middle School
5435 Vesper Ave Rm B50
Distance between this listing and this school0.53 miles
Public Charter Grades 6-8
5
/10
Van Nuys Middle School
5435 Vesper Ave
Distance between this listing and this school0.53 miles
Public District Grades 6-8
3
/10
Ivy Bound Academy of Math Science and Tech Charter Middle School
15355 Morrison St
Distance between this listing and this school0.61 miles
Public Charter Grades 5-8
Nearby Schools
2
/10
Will Rogers Continuation
14711 Gilmore St
Distance between this listing and this school1.61 miles
Public District Grades 9-12
7
/10
Van Nuys Senior High School
6535 Cedros Ave
Distance between this listing and this school1.73 miles
Public District Grades 9-12
6
/10
Champs - Charter High School of Arts-Multimedia & Performing
6842 Van Nuys Blvd
Distance between this listing and this school2.18 miles
The neighbors living near this home have an average income of $87,838. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 14931 Magnolia Blvd
What is the listing price of this property?
The listing price of 14931 Magnolia Blvd property is $3,100,000.
What type of property is this?
The property 14931 Magnolia Blvd is a house located in Sherman Oaks, California, 91403.
Is this property for sale now?
Active Listing: 14931 Magnolia Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $13,834 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 14931 Magnolia Blvd has 9 bedrooms and 14 bathrooms.
What is the square footage of this property?
The property 14931 Magnolia Blvd is 8,763 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 14931 Magnolia Blvd is 1981.
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This home is located at 14931 Magnolia Blvd in Sherman Oaks, CA and zip code 91403 in the The San Fernando Valley neighborhood. This 8,763 square foot home, which was built in 1981, sits on a 0.17 acre lot. Features: 9 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $3,100,000.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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