13319 Magnolia, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath
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Sherman Oaks, California 91423
This property presents a High-Potential Investment Opportunity with a List Price of $1,390,000—positioned well below the $1,403,553 Fair Market Value by 0.97%. This valuation gap offers $13,553 in Instant Equity. Featuring a Condition Rating of 3, the residence includes a Detached Guest Unit and a Pool on an oversized 10,252 sq. ft. lot. With significant ADU Development Potential, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime Sherman Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13319 Magnolia Subject | $1,390,000* List Price | 2 | 2 | 1,395 | $1,006 | - |
A 13607 Huston Street Sold | $1,200,000 | 3 | 2 | 1,668 | $719 | 0.5 mi |
B 4610 Wortser Avenue Sold | $1,710,000 | 2 | 2 | 1,594 | $1,073 | 0.8 mi |
C 13307 Otsego Street Sold | $1,565,500 | 3 | 2 | 1,854 | $844 | 0.1 mi |
D 13530 Morrison Sold | $1,495,000 | 3 | 3 | 1,747 | $856 | 0.4 mi |
E 13025 Hartsook Street Active Under Contract | $1,299,000 List Price | 2 | 2 | 1,427 | $910 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1949, the property features significant interior renovations including a modern bathroom with a glass-enclosed walk-in shower and an updated kitchen with granite countertops and recessed lighting. The interior is move-in ready with consistent laminate flooring, though the exterior hardscape and driveway show age-related cracking.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10252, living area = 1395.
Elementary School: Warner Avenue Elementary School (9/10).
The oversized 10,252 sq. ft. flat lot provides a rare 'value-add' opportunity with the capacity for up to two additional ADUs, making it ideal for investors or developers.
Built in 1949, the modest 1,395 sq. ft. main residence may require significant modernization or expansion to compete with newer luxury redevelopments in the area.
While the area is desirable, the assigned middle school carries a low rating (2/10), which may be a concern for families prioritizing public education quality.
PRIME SHERMAN OAKS VALUE-ADD OPPORTUNITY ON AN OVERSIZED 10,000+ SQ FT FLAT LOT — EXCELLENT ADU & REDEVELOPMENT POTENTIAL Exceptional opportunity in one of Sherman Oaks’ most desirable pockets. This rare oversized flat lot offers the perfect opportunity for homeowners, investors, contractors, and builders seeking immediate livability with substantial upside to expand, remodel, or redevelop. The existing residence features approximately 1,400 sq ft with 2 bedrooms and 2 bathrooms, plus a detached 1-bedroom guest unit with a private entrance. The property includes a pool, generous outdoor grounds, and updated finishes, making it move-in ready for an owner-user while still offering tremendous potential to further personalize or maximize value. The oversized flat lot can accommodate up to 2 additional ADUs for strong income potential. No rezoning or variance required (buyer to verify). This highly sought-after area of Sherman Oaks continues to experience strong redevelopment activity and impressive resale comps. Ideal for multigenerational living, rental income, or a high-upside value-add project in a prime Sherman Oaks corridor. The combination of lot size, location, existing guest unit, and future development potential is rarely available at this price point. Located minutes from Ventura Blvd dining, shopping, entertainment and top rated schools with easy access to the 405 and 101 freeways. Priced to sell!!! One of the lowest priced homes per square foot in the area based on lot size and location. Seller is motivated and ready to review serious offers. Buyer to independently verify all zoning, permits, ADU possibilities, and development requirements with the city. Schedule your private showing today.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.3 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 2.0 | 3.0 | 34% |
| Square foot | 1,395 | 2,448 | 4% |
| Lot Size | 10,252 | 7,559 | 83% |
| Price | $1.39M | $1.92M | 22% |
| Price per sq ft | $996 | $821 | 84% |
| Built year | 1949 | 1954 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 145 | 2% |
May 18, 2026
$1,390,000
Initial Listing
Jan 29, 2009
$470,000
Public Record
Jul 3, 2006
$799,000
Public Record
Jul 19, 2005
$630,000
Public Record
Jun 9, 2005
$500,000
Public Record