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14556 Magnolia Blvd
Sherman Oaks, CA 91403
Terraces at the Summit · Multifamily Property For Sale
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50 Units
Investment Highlights
- Value Add Opportunity: 50-units located in Sherman Oaks, California. Current rents are approximately 22% under market
- Property Amenities: Property amenities include secured access, pool, grill/picnic area, lounge, fitness center, laundry facility, elevator
- Low Price Per Foot/Unit: Low price per foot ($266.60/ft) and unit ($209,000)
- Favorable Unit Mix: Property features a favorable unit mix consisting of (17) studio/one-bathroom units and (33) one-bedroom/one-bathroom units
- Convenient Location: Property located near 405 and 101 freeways and just a short drive to major job centers such as Woodland Hills, Encino, NoHo
Property Facts
| No. Units | 50 | Lot Size | 0.57 AC |
| Property Type | Multifamily | Building Size | 39,198 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | ||
| Zoning | LAR3 | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 39,198 SF |
| No. Stories | 3 |
| Year Built | 1961 |
| Zoning | LAR3 |
Property Taxes
| Parcel Number | 2263-035-023 | Improvements Assessment | $7,000,000 |
| Land Assessment | $3,000,000 | Total Assessment | $10,000,000 |
Property Taxes
Parcel Number
2263-035-023
Land Assessment
$3,000,000
Improvements Assessment
$7,000,000
Total Assessment
$10,000,000
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