13005 Magnolia, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 1 bath
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Sherman Oaks, California 91423
Analysis of 13005 Magnolia, Sherman Oaks, California 91423 is currently available with a list price of $1,729,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a developer opportunity and a 'total teardown scenario.' Built in 1921, the existing structures are being sold in 'as-is' condition with no mention of renovations in over 100 years. The value is derived entirely from the 1.29-acre land assembly rather than the utility of the current buildings.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33643, living area = 1289.
Elementary School: Warner Avenue Elementary School (9/10).
This rare assembly of four adjacent lots totaling approximately 1.29 acres of flat land presents a premier opportunity for a large-scale residential development in a high-demand area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =33643, other record lot size in square feet = 22410. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The existing structures date back to 1921 and are being sold in as-is condition, representing a total teardown scenario with associated demolition costs.
The property is part of a multi-parcel sale totaling $6,000,000, requiring a high capital entry point and the simultaneous purchase of all four adjacent lots to realize full value.
DEVELOPER ALERT – PRIME SHERMAN OAKS OPPORTUNITY! Rare chance to acquire 4 ADJACENT LOTS in the heart of Sherman Oaks! All parcels are being sold together for a combined total of approximately 1.29 acres of flat land, total purchase price $6,000,000 — an exceptional development opportunity in one of the Valley’s most sought-after neighborhoods. The property includes 4 lots with 3 existing homes, originally built in 1921, all being sold AS-IS. Incredible potential for developers, builders, or investors looking to create a signature project in a prime location. APNs included in the sale: 2345-018-008 2345-018-066 2345-018-009 2345-018-010 Centrally located near shopping, dining, and major transportation routes. Opportunities like this are rare — bring your vision and unlock the possibilities!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.3 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 3% |
| Square foot | 1,289 | 2,305 | 4% |
| Lot Size | 33,643 | 7,496 | 97% |
| Price | $1.73M | $1.73M | 51% |
| Price per sq ft | $1.3K | $821 | 99% |
| Built year | 1921 | 1951 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 177 | 9% |
Feb 25, 2026
$1,729,000
Initial Listing