14744 Magnolia blvd, Sherman Oaks, CA 91403
| Property type: | Land |
| MLS #: | 25551425 |
| Days On Market: | 238 |
| Listing Date: | June 11, 2025 |
| County: | Los Angeles |
| Lot Dimensions: | 50x125 |
| Zoning: | LAR3 |
Property Details
The LAAA Team of Marcus & Millichap is pleased to present 14744 Magnolia Boulevard, a rare 100% affordable housing development opportunity located in the heart of Sherman Oaks. This six-story, 50-unit residential project is designed under Los Angeles' Executive Directive No. 1 (ED1), which allows for increased density, greater height, and zero parking requirementsstreamlining approvals and enhancing overall project feasibility.Approximately 80% of the units will serve low-income households (Schedule 9), with the remaining 20% reserved for moderate-income tenants (Schedule 6). The property is also eligible for Tier 7 Section 8 rents, offering strong rent potential in a high-demand area. Additional features include rooftop open space, a fully sprinklered building design, and solar-ready infrastructure. This is one of the best-located ED1 projects in all of Los Angeles, offering unmatched walkability and connectivity in a premium infill setting.Situated in the highly sought-after Sherman Oaks rental submarket, the project benefits from proximity to major employment centers, high-end retail, and desirable residential neighborhoods. With average one-bedroom rents exceeding $2,400 and a significant lack of affordable housing, this development presents long-term value and stability for mission-aligned investors and developers seeking a fully entitled asset in a premier location.Interested in this Listing?
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Land Info
| Directions: | North-East |
| View: | None |
Infrastructure
| TV/Cable: | Yes |
| Disclosures: | None |
| Special Zoning: | None |
| Telephone: | Yes |
Community
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Active
$ 2,200,000
0.1493Acres
$ 14,735,432per ACRE
6,503 ft2Lot Size
Land
