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15231 Magnolia 221, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 2 bed, 2 bath

15231 Magnolia 221, Sherman Oaks, California 91403 home-pic-0
ACTIVE$599,000$1,184/sqft
15231 Magnolia 221, Sherman Oaks, California 91403
2Beds
2Baths
1,184Sqft
136,550Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Top Cons:
Substantial Monthly HOA Dues: The $601 monthly HOA fee is relatively high and could impact overall affordability and long-term ownership costs for some buyers.

Compared to the nearby listings

Price:$599.0K vs avg $602.5K ($-3,500)50%
Size:1,184 sqft vs avg 1,445 sqft38%
Price/sqft:$506 vs avg $50254%

More Insights

Built in 1979 (47 years old).
Condition: Built in 1979, this unit has undergone significant updates, making it move-in ready. The kitchen features modern white shaker cabinets, black granite countertops, and stainless steel appliances, all in excellent condition. Bathrooms are also updated with contemporary vanities, fixtures, and tiling. While the building is older, the interior unit shows evidence of extensive renovation within the last 5-15 years, with fresh paint, modern lighting, and well-maintained flooring (hardwood and carpet). No immediate repairs or major renovations appear necessary.
Year Built
1979
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$506
HOA
$601
Days on market
-
Sold On
-
MLS number
SR26001260
Home ConditionGood
Features
Good View: Mountain(s)
Deck
Pool
Spa
ViewMountain(s)

About this home

***Resort style highly sought after Oak Pointe III Community***This update 2+2 is a top floor one story unit with elevator access in a tranquil rear location***Cooks kitchen includes stainless steel appliances, granite countertops, a pantry and a breakfast area***Dining area has a dry bar and is open to both kitchen and living room***Living room has cozy fireplace which opens to your private balcony with storage***Master suite has a added space for an office or sitting area in front of the window***Laundry closet includes full size washer and dryer***Unit has 2 subterranean side by side parking spaces***The complex is dog friendly with its own dedicated dog park area, scenic walking paths and lush green spaces***It has multiple pools and spas, rec room, tennis and pickleball***Nearby is the Sepulveda Basin Recreation center with golf, sports fields, bike trails and a lake with picnic areas***Quick access to Westside and Studios with the 405 and 101***Close proximity to Ventura Blvd shops, mall, restaurants & theater***HOA dues covers water, sewer, exterior maintenance, fire, liability plus earthquake insurance, 24 hour Video Security and Spectrum high speed internet and cable***the Blue Ribbon Kester Avenue Elementary school is the assigned resident school per LAUSD website***

R
Rosanne Lehmann
Listing Agent

Nearby schools

9/10
Kester Avenue Elementary School
Public,•K-5•0.5mi
2/10
Van Nuys Middle School
Public,•6-8•0.9mi
6/10
Van Nuys Senior High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
01/31/12
Sold
$272,500
08/22/06
Sold
$449,500
Condition Rating
Good
Built in 1979, this unit has undergone significant updates, making it move-in ready. The kitchen features modern white shaker cabinets, black granite countertops, and stainless steel appliances, all in excellent condition. Bathrooms are also updated with contemporary vanities, fixtures, and tiling. While the building is older, the interior unit shows evidence of extensive renovation within the last 5-15 years, with fresh paint, modern lighting, and well-maintained flooring (hardwood and carpet). No immediate repairs or major renovations appear necessary.
Pros & Cons

Pros

Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Resort-Style Community Amenities: The Oak Pointe III community offers an exceptional lifestyle with multiple pools, spas, rec room, tennis/pickleball courts, a dedicated dog park, and scenic walking paths.
Strategic Location & Accessibility: Enjoy quick freeway access (405/101) to the Westside and Studios, plus close proximity to Ventura Blvd's vibrant shops, dining, entertainment, and the Sepulveda Basin Recreation Center.
Updated & Functional Interior: The unit features an updated cook's kitchen with stainless steel appliances and granite, a master suite with a bonus office/sitting area, a cozy fireplace, and a private balcony with storage.
Comprehensive HOA Benefits: HOA dues cover essential utilities (water, sewer), exterior maintenance, various insurances (fire, liability, earthquake), 24-hour video security, and high-speed internet/cable, offering significant value and peace of mind.
Top-Tier Elementary School: The property is zoned for the highly-rated 'Blue Ribbon' Kester Avenue Elementary School (rating 9), a significant advantage for families.

Cons

Substantial Monthly HOA Dues: The $601 monthly HOA fee is relatively high and could impact overall affordability and long-term ownership costs for some buyers.
Building Age: Constructed in 1979, the building is over 40 years old, which may lead to concerns about aging infrastructure or potential for future special assessments, despite unit updates.
Underperforming Middle School: The assigned Van Nuys Middle School has a low rating (2), which could be a drawback for prospective buyers with school-aged children.
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