Magnolia Blvd, Sherman Oaks, Home For Sale

house for sale

Listed: 08/17/24

14556 Magnolia Blvd, Sherman Oaks, California, 91403

35 Bed:

50 Bath:

39,198 Sq Ft Living Area:

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Price

$ 11,5M

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About This House

We are pleased to present the Terraces at the Summit, a 50-unit value add apartment building located at 14556 Magnolia Boulevard in Sherman Oaks, California. Current rents are approximately 22% under market providing a new investor the opportunity to renovate units and common areas in order to maximize rental income. Built in 1961, the property features a favorable unit mix consisting of (17) studio/one-bathroom units and (33) one-bedroom/one-bathroom units. Units feature wood flooring, granite countertops, dishwasher, microwave and floor to ceiling living room windows (select units). Property amenities include secured access, pool, grill/picnic area, lounge, fitness center, laundry facility, elevator and gated subterranean parking. The39, 198square foot building sits on a large 0.57 acre lot that is LAR3 zoned. The … Full description

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Houses for sale in Los Angeles

Original listing

Los Angeles Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

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Month	Median Price
Aug 2024	$837,581 (-20.3%)
Jul 2024	$1,051,454 (+12.7%)
Jun 2024	$932,981 (-41.3%)
May 2024	$1,590,389 (+13.1%)
Apr 2024	$1,406,480 (0%)
Mar 2024	$1,406,480 (0%)

In August 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $837,581, a decrease of 20.3% from the previous month.

Median price trends for properties for sale in Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.