13319 Magnolia, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath

13319 Magnolia, Sherman Oaks, California 91423 home-pic-0

13319 Magnolia

Sherman Oaks, California 91423

ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,395Sq Ft
10,252Lot Size

Property Price

LIST PRICE$1,590,000
EST. MARKET VALUE
$1,504,017
5% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$1,504,017
Based on Realkey algorithm analyzing recent comparable sales in Sherman Oaks.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
13319 Magnolia
Subject
$1,590,000*
List Price
221,395$1,078-
A
13307 Otsego Street
Sold
$1,565,500321,854$8440.1 mi
B
4659 Morse Avenue
Sold
$1,800,000321,775$1,0140.8 mi
C
13530 Morrison
Sold
$1,495,000331,747$8560.4 mi
D
5131 Greenbush Avenue
Sold
$1,450,000331,652$8780.2 mi
E
4545 Allott Ave
Sold
$1,655,000331,790$9250.9 mi
F
4610 Wortser Avenue
Pending
$1,699,000
List Price
221,594$1,0660.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1949, the property is in livable and 'semi-updated' condition but is primarily marketed as a redevelopment or value-add opportunity. While the home is move-in ready, the kitchen and bathrooms show dated styles and older fixtures consistent with a property that has not had a full-scale renovation in recent years. The overall quality reflects a well-maintained but aged structure where major systems and aesthetics are functional but nearing the end of their modern relevance.

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 = 10252, living area = 1395.

  • Great Schools

    Elementary School: Warner Avenue Elementary School (9/10).

  • Exceptional Development Potential

    The oversized 10,252 sq ft flat lot provides a rare and versatile canvas for investors or builders to develop a substantial main residence and an ADU in a high-demand market.

CONSRISKS & DEFICIENCIES

  • Limited Existing Living Space

    With only 1,400 sq ft in the main residence, the current structure is undersized for the lot and price point, necessitating a major expansion or rebuild to meet modern luxury standards.

  • High Capital Requirement

    Marketed as a value-add opportunity, the property requires significant additional investment beyond the $1.59M purchase price to modernize or redevelop the 1949 structure.

About 13319 Magnolia

Exceptional value add or redevelopment opportunity in prime Sherman Oaks. Situated on an oversize 10,000+ sq ft flat lot, this property offers many possibilities for an owner-user, investor, builder, or contractor looking to remodel, expand, or reimagine. The existing residence features approximately 1,400 sq ft with 2 bedrooms and 2 bathrooms, plus a detached 1-bedroom guest unit offering flexibility for extended family or potential rental use. A pool and spacious grounds provide a strong foundation for enhancement or redevelopment. The property is in livable condition, semi updated and move-in ready for an owner-user, while offering the opportunity to personalize and update over time. The large lot may accommodate a substantial main residence and ADU (Buyer to independently verify all zoning, permits, and development details with city). Ideal for those seeking a project in a high-demand end-user market with strong resale potential. Moments from shopping, dining, entertainment, and convenient Westside access, this is a unique opportunity to create, customize, or build in the heart of Sherman Oaks. Surrounded by beautifully remodeled homes and newly constructed residences, this sought-after pocket of Sherman Oaks continues to see strong redevelopment and value-add activity. The neighborhood’s consistent demand and ongoing improvements make this an exceptional opportunity to invest, expand, or build in one of the Valley’s most desirable communities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1949
Lot Size
10,252 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sherman Oaks Unified Schools

Erwin Elementary School

Grades K-5 • 1.2 mi

6/10

John B. Monlux Elementary School

Grades K-5 • 1.3 mi

6/10

Kester Avenue Elementary School

Grades K-5 • 2.0 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
9%
Baths2.03.0
34%
Square foot1,3952,222
7%
Lot Size10,2527,425.5
81%
Price$1.59M$1.76M
33%
Price per sq ft$1.1K$814
93%
Built year19491951
44%
HOA$0$0
50%
Days on market18158
1%

Pricing History

Listed for Sale

Feb 16, 2026

$1,590,000

Initial Listing

Sold

Jan 29, 2009

$470,000

Public Record

Sold

Jul 3, 2006

$799,000

Public Record

Sold

Jul 19, 2005

$630,000

Public Record

Sold

Jun 9, 2005

$500,000

Public Record

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