An exceptional opportunity for investors and developers in a desirable Sherman Oaks location. Situated on Magnolia Boulevard, 14738 Magnolia offers a unique opportunity to explore the potential of a property with existing residential use and additional possibilities for future development. The property features a classic residence and a detached garage that has historically been used as a rental unit, offering potential for additional utility or future improvement, subject to verification and applicable approvals. The opportunity becomes even more compelling with the neighboring property at 14734 Magnolia Boulevard, located directly next door. The two properties may be considered together, presenting the potential for a larger-scale development opportunity. Buyers are encouraged to investigate the combined properties' zoning. Whether pursuing an investment, property repositioning, or a potential development project, this offering provides an opportunity to explore multiple possibilities in the heart of Sherman Oaks. Properties may be available individually or together. All development potential, property uses, rental status, and applicable incentives are subject to independent verification by the buyer. Buyer to conduct all investigations and due diligence to their satisfaction.