13029 Magnolia, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 1 bath
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13029 Magnolia
Sherman Oaks, California 91423
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
1,377Sq Ft
11,543Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,294,951
SUMMARY
This Prime Development Asset is a High-Potential Investment Opportunity with a List Price of $2,135,500—positioned well below the $2,173,479 Fair Market Value by 1%. This valuation gap offers $37,979 in Instant Equity. Marketed for land value with a Condition Rating of 6, the property is part of a rare 1.29-acre lot assemblage in Sherman Oaks. Proximity to Warner Avenue Elementary (9/10) and North Hollywood Senior High (8/10) ensures high resale demand for future luxury builds. This is an ideal project for Fix-and-Flip Investors or Developers.
Estimated Market Value
$1,294,951
Based on Realkey algorithm analyzing recent comparable sales in Sherman Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13029 Magnolia Subject | $1,299,000* List Price | 3 | 1 | 1,377 | $940 | - |
A 5018 Sunnyslope Avenue Sold | $1,200,000 | 2 | 2 | 1,154 | $1,040 | 0.6 mi |
B 13021 Magnolia Active | $1,299,000 List Price | 3 | 1 | 1,282 | $1,013 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property is explicitly marketed as a developer opportunity for land value. The existing structures date back to 1921/1931 and are being sold in 'as-is' condition, with the listing emphasizing the 1.29-acre lot assemblage for a signature redevelopment project rather than the habitability of the current homes.
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 = 11543, living area = 1377.
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Massive Development Potential
A rare opportunity to acquire approximately 1.29 acres of flat land in the heart of Sherman Oaks, providing a blank canvas for a significant residential signature project.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The existing structures date back to the 1920s and are sold as-is, likely requiring complete demolition and significant site preparation costs.
- Complex Acquisition Requirement
The property is part of a package deal requiring the simultaneous purchase of all four lots for $6,000,000, which limits the buyer pool to well-capitalized developers.
About 13029 Magnolia
DEVELOPER ALERT – PRIME SHERMAN OAKS OPPORTUNITY! Rare opportunity to acquire a property in the heart of Sherman Oaks—one of the San Fernando Valley's most desirable neighborhoods. Originally built in 1921, this property is being sold AS-IS and presents exceptional potential for developers, builders, investors, or end users looking to create a custom residence or signature project. Ideally situated near premier shopping, dining, entertainment, and major transportation routes, this centrally located property offers endless possibilities in a highly coveted location. Opportunities like this are few and far between—bring your vision and unlock the full potential of this exceptional offering.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1931
- Lot Size
- 11,543 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
6/10
Erwin Elementary School
Grades K-5 • 1.3 mi
6/10
Kester Avenue Elementary School
Grades K-5 • 2.3 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,377 | 2,301.595 |
| Lot Size | 11,543 | 7,836.892 |
| Price | $1.30M | $1.78M |
| Price per sq ft | $943 | $827 |
| Built year | 1931 | 1954 |
| HOA | $0 | $170 |
| Days on market | 196 | 58 |
Pricing History
Listed for Sale
Aug 22, 2026
$1,299,000
$1,500,000
-13% Price Drop
Initial Listing
Price Change
Jul 1, 2026
$1,500,000
$2,135,500
-30% Price Drop
Initial Listing
Price Change
Feb 26, 2026
$2,135,500
Initial Listing
Price Change
Feb 25, 2026
$995,000
Initial Listing