13021 Magnolia, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 1 bath
13021 Magnolia
Sherman Oaks, California 91423
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13021 Magnolia Subject | $2,135,500* List Price | 3 | 1 | 1,282 | $1,631 | - |
A 13029 Magnolia Active | $2,135,500 List Price | 3 | 1 | 1,377 | $1,551 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Massive Development Potential
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.
CONSRISKS & DEFICIENCIES
- As-Is Condition
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.
- Complex Acquisition Requirement
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.
About 13021 Magnolia
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1937
- Lot Size
- 11,225 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sherman Oaks Unified Schools
John B. Monlux Elementary School
Grades K-5 • 1.1 mi
Erwin Elementary School
Grades K-5 • 1.3 mi
Kester Avenue Elementary School
Grades K-5 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 1.0 | 3.0 | 3% |
| Square foot | 1,282 | 2,222 | 6% |
| Lot Size | 11,225 | 7,425.5 | 86% |
| Price | $2.14M | $1.79M | 62% |
| Price per sq ft | $1.7K | $814 | 99% |
| Built year | 1937 | 1951 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 158 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$2,135,500
Initial Listing
Price Change
Feb 25, 2026
$895,000
Initial Listing