13021 Magnolia, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 1 bath
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Sherman Oaks, California 91423
This Prime Residential Development Opportunity is listed at $2,135,500, reflecting a stable price point relative to its $2,091,301 Fair Market Value. This asset is a critical piece of a rare 1.29-acre flat land assemblage in the heart of Sherman Oaks, offering unparalleled potential for a high-density or luxury residential project. With a Condition Rating of 6, the property is an "as-is" acquisition slated for demolition. Its proximity to Top-Rated Schools like Warner Avenue Elementary ensures long-term exit value. This is a high-reward Value-Add Acquisition for Real Estate Developers or Institutional Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13021 Magnolia Subject | $1,500,000* List Price | 3 | 1 | 1,282 | $1,041 | - |
A 5018 Sunnyslope Avenue Sold | $1,200,000 | 2 | 2 | 1,154 | $1,040 | 0.6 mi |
B 5116 Sunnyslope Avenue Sold | $1,078,000 | 2 | 1 | 1,008 | $1,069 | 0.6 mi |
C 13029 Magnolia Active | $1,500,000 List Price | 3 | 1 | 1,377 | $1,089 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
This property is explicitly marketed as a 'Developer Alert' and a land acquisition opportunity. The existing structures date back to 1921 and 1937, are being sold in 'as-is' condition, and the listing description emphasizes the 1.29 acres of flat land for a 'signature project,' indicating the buildings are likely unlivable and slated for demolition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11225, living area = 1282.
Elementary School: Warner Avenue Elementary School (9/10).
This rare offering features approximately 1.29 acres of flat land across four adjacent lots, providing an exceptional blank canvas for a high-density or luxury residential project in a high-demand area.
The existing structures date back to 1921 and 1937 and are being sold in as-is condition, necessitating complete demolition and significant site preparation costs before new construction can begin.
The sale is contingent upon purchasing all four parcels together for a total of $6,000,000, which requires substantial upfront capital and may complicate financing for non-institutional buyers.
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 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,282 | 2,347 |
| Lot Size | 11,225 | 8,485 |
| Price | $1.50M | $1.81M |
| Price per sq ft | $1.2K | $827 |
| Built year | 1937 | 1956 |
| HOA | $0 | $0 |
| Days on market | 147 | 58 |
Jul 1, 2026
$1,500,000
$2,135,500
-30% Price Drop
Initial Listing
Feb 26, 2026
$2,135,500
Initial Listing
Feb 25, 2026
$895,000
Initial Listing