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14641 Magnolia Blvd 10 Unit Apartment Building $2,850,000 ($285,000/Unit) 5.62% Cap Rate Van Nuys, CA 91403
Investment Highlights
- Great Location | Large LOT
- Great Unit Mix | Large Units
- 10 Parking Spaces
- Seismic Retrofit Completed
- Pool | Laundry On-Site
Executive Summary
14641 Magnolia Blvd presents a rare opportunity to acquire a well-located 10-unit multifamily property in the highly desirable Sherman Oaks rental market. The building features an attractive unit mix of four spacious 1-bedroom/1-bath units and six large 2-bedroom/2-bath units, offering strong appeal to tenants. Residents benefit from desirable amenities including a swimming pool, on-site laundry facility, and ten dedicated parking spaces. Situated on a generous 12,080 SqFt lot, the property also offers future development or value-add potential for investors looking to maximize long-term upside.
The surrounding block continues to see strong reinvestment with multiple brand-new multifamily developments recently completed nearby, further elevating the neighborhood’s desirability. Conveniently located just minutes from Ventura Boulevard’s vibrant dining, retail, and entertainment corridor, as well as easy access to major freeways, the property sits in one of the San Fernando Valley’s most sought-after rental pockets. Notably, this offering is currently one of the lowest price-per-door opportunities available in Sherman Oaks, presenting investors with a compelling combination of stable income, strong rental demand, and significant long-term upside.
The surrounding block continues to see strong reinvestment with multiple brand-new multifamily developments recently completed nearby, further elevating the neighborhood’s desirability. Conveniently located just minutes from Ventura Boulevard’s vibrant dining, retail, and entertainment corridor, as well as easy access to major freeways, the property sits in one of the San Fernando Valley’s most sought-after rental pockets. Notably, this offering is currently one of the lowest price-per-door opportunities available in Sherman Oaks, presenting investors with a compelling combination of stable income, strong rental demand, and significant long-term upside.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,850,000 | Property Subtype | Apartment |
| Price Per Unit | $285,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.62% | Lot Size | 0.28 AC |
| Sale Condition | 1031 Exchange | Building Size | 8,920 SF |
| Gross Rent Multiplier | 11.49 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1.12/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $2,850,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.49 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,920 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Balcony
- Yard
- Patio
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 750 |
| 2+2 | 6 | - | 950 |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 2249-007-009 | Total Assessment | $2,101,616 |
| Land Assessment | $1,444,863 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $656,753 | Tax Year | 2025 |
Property Taxes
Parcel Number
2249-007-009
Land Assessment
$1,444,863
Improvements Assessment
$656,753
Total Assessment
$2,101,616
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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14641 Magnolia Blvd
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