14718 Magnolia Boulevard,  Sherman Oaks CA, 91403 (Residential Income)

4,520 sqft
Status: Sold
MLS#: SR15131044
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Last Updated: 12/8/2016 4:23 PM
Description for 14718 Magnolia Boulevard Sherman Oaks, CA 91403
KW Commercial is proud to represent the clean turnkey 7 unit apartment building located in the affluent neighborhood of Sherman Oaks. The unit mix consists of (1) two bedroom one bath unit (1) one bedroom one bath unit and (5) singles. Each unit features a private patio or balcony. The building is 4520 square feet and is situated on a 6501 square foot lot. The property is well maintained and recent upgrades include copper plumbing, new paint, and landscaping. The roof is in good condition. The building has tremendous upside in rents and six of the seven units are due for an immediate rent increase. An astute investor will enjoy low interest rates and the increase in rents over time. The property is separately metered for electricity.
Price
Sold Price:
$1,300,000
Sold Date:08/21/2015
Los Angeles
4,520 (approx)
SR15131044
Closed
Description
KW Commercial is proud to represent the clean turnkey 7 unit apartment building located in the affluent neighborhood of Sherman Oaks. The unit mix consists of (1) two bedroom one bath unit (1) one bedroom one bath unit and (5) singles. Each unit features a private patio or balcony. The building is 4520 square feet and is situated on a 6501 square foot lot. The property is well maintained and recent upgrades include copper plumbing, new paint, and landscaping. The roof is in good condition. The building has tremendous upside in rents and six of the seven units are due for an immediate rent increase. An astute investor will enjoy low interest rates and the increase in rents over time. The property is separately metered for electricity.
Listing Information
Property Type: Cluster, Other
0.15 Acres 6,502 sq.ft. 4,520 (approx)
1964 Yes- 1 space
Public Water Service
Sewer Connected
7 Total
Neighborhood
Room Information
Exterior / Lot Features
1 Garage Spaces, 1 Parking Spaces
None
No Pool
Curbs Walk
Financial Considerations
2263037009
$76,224 Income ,$25,158Expense
Listing Price History

Sherman Oaks Real Estate

Sherman Oaks is located in California. Sherman Oaks, California 91403 has a population of 54,323.

The median household income in Sherman Oaks, California 91403 is $73,234. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Sherman Oaks 91403 is 39 years.

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Courtesy: Keller Williams Realty - Studi Cindy Hill
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