14816 Magnolia is the ONLY fourplex available in all of Sherman Oaks. Priced at an unbeatable $1,000,000, these units will sell immediately, so act fast! The property is made up of four spacious units on a 6,253 square foot lot that is zoned R3. 14816 Magnolia presents buyers numerous routes to making major profit: 1) Flip! Finding a property that makes sense for a flip these days is a rare occurrence. Here is your chance! 2) Buy and hold. Raise rents via relocation or over time and enjoy the benefits of 14816 Magnolia’s significant upside. 3) Build. This is a great opportunity to build approximately 7 units (buyer to do their own due diligence). Each of the units is currently rented out for well below its market rate of $1,600. All four of the units come with a detached one car garage in the rear. There is hardwood flooring throughout, with carpet covering the hardwood in 2 of the 4 units that can easily be pulled up. 14816 Magnolia Blvd is located moments from all that Sherman Oaks has to offer. Tenants have immediate access to the shops, restaurants and neighborhood destinations on Magnolia Blvd as well as nearby streets such as Ventura, Van Nuys and Sepulveda Blvd. You won’t find a stronger rental market!