15231 Magnolia 221, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 2 bed, 2 bath
15231 Magnolia 221
Sherman Oaks, California 91403
Property Price
SUMMARY
Analysis of 15231 Magnolia 221, Sherman Oaks, California 91403 is currently available with a list price of $599,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has been well-maintained with significant updates. The kitchen features stainless steel appliances and granite countertops, and the unit includes updated flooring and a modern fireplace. While the building was constructed in 1979, the interior renovations and overall condition meet the standards for a 'good' rating as it requires no immediate repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
CONSRISKS & DEFICIENCIES
About 15231 Magnolia 221
***Resort style highly sought after Oak Pointe III Community***This updated 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***
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 136,550 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $601.0 / Month
Neighborhood Insights
Sherman Oaks Unified Schools
Kester Avenue Elementary School
Grades K-5 • 0.5 mi
Van Nuys Middle School
Grades 6-8 • 0.9 mi
Van Nuys Senior High School
Grades 9-12 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,184 | 1,476 | 31% |
| Lot Size | 136,550 | 25,791 | 91% |
| Price | $599.0K | $624.0K | 44% |
| Price per sq ft | $506 | $486 | 63% |
| Built year | 1979 | 1975 | 72% |
| HOA | $601.0 | $605 | 50% |
| Days on market | 58 | 157 | 9% |
Pricing History
Listed for Sale
Jan 7, 2026
$599,000
Initial Listing
Sold
Jan 31, 2012
$272,500
Public Record
Sold
Aug 22, 2006
$449,500
Public Record