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$1,749,000

Beds
8
sq ft
3,588

14722 Magnolia Blvd, Sherman Oaks, CA 91403

14722 Magnolia Blvd

Sherman Oaks, CA 91403

  • 101 days on market
    • Price drop $41,000↓
Add Value Buyer Opportunity! Significant upside by adding 2 x 1BR ADUs (Seller has secured approved plans and permits). Rare LAR3 Zoning. Located in prime Sherman Oaks, just North of Ventura Blvd, this property offers close proximity to the 101 and 405 freeways, shopping malls, markets, and public transportation. Featuring 4 x 2 BR units with hardwood floors, living and dining breakfast areas and patios. Community laundry onsite. Each of the 2 BR units are approximately 900 sq ft, while each of the 1 BR ADUs are approximately 650 sq ft. With the addition of the ADUs, the NOI becomes $150,859, CAP Rate 8.63 and GRM 9.11. Seller has already remodeled a 2 BR unit, with upgrades including in-unit washer and dryer and a private backyard. Property has a Four-car garage + driveway parking. Other improvements include solar panels and newer electrical and plumbing systems.

Details

Property type

Est. home value

$1,465,147

Lot size

6,503 sq ft

Price per sq ft

$488

Year built

1955

HOA

No

Price History

01/21/2025
CLAW

CLAW #24463765

Price change
$1,749,000
-2.29%
12/05/2024
CLAW

CLAW #24463765

Price change
$1,790,000
-3.24%
11/03/2024
CLAW

CLAW #24463765

Listed
$1,849,999
+1.65%

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

October 2022

Original loan amount

$958,750

Est. remaining balance

Not provided

Interest rate

4.2%

Loan type

New Conventional, 30 year

Seller

14722 Magnolia Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 6:10 AM

Listing updated: 02/18/2025 at 4:15 PM

Listed by: Todd Marks, Berkshire Hathaway HomeServices California Properties Phone #: (310) 777-7800

MLS: CLAW #24463765

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