14410-14416 Magnolia Blvd Immeuble residentiel 12 lots 2 379 244 € (198 270 €/Lot) Taux de capitalisation 5,11 % Van Nuys, CA 91423

Kidder Mathews is proud to present 14410 & 14416 Magnolia Boulevard, twelve (12) total units consisting of side by side six (6) unit properties on separate parcel numbers in the heart of Sherman Oaks.
Originally built in 1955, this offering consists of a highly desirable mix of eight 1+1 and four 2+1 units with one of the two-bedroom units delivered vacant at closing. The structures are two stories that total approximately 8,368 SF on an approximately 15,000 square foot lot.
A gated driveway provides secured parking for the covered carport that accommodates 12 cars (one for each unit) and two laundry rooms with building owned machines. Both of the buildings have undergone significant system upgrades. Both buildings' electrical have been recently upgraded along with a full copper re-pipe. All kitchen and bathroom fixtures have been recently replaced to help avoid costly drips & leaks. Units have individual water heaters and are separately metered for gas and electric.
GREAT VALUE-ADD OPPORTUNITY FOR OWNER/USERS
With one unit delivered vacant, this property presents an excellent value-add opportunity offering potential for growth and appreciation for years to come.
There is almost 30% rental upside and an opportunity to add multiple ADU’s on each of the two parcels.
OPTIMAL LOCATION WITH NEARBY FREEWAY ACCESS AND NATIONAL RETAILERS
The property is located on Magnolia Boulevard between Van Nuys and Hazeltine just around the corner from the park that houses the VNSO Soccer fields and the Sherman Oaks Baseball Academy and Sherman Oaks Little League in council district four CD(4). Tenants are located near restaurants and shopping on Ventura Boulevard, and nearby Westfield Fashion Square.