15325 Magnolia 102, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 2 bed, 2 bath

15325 Magnolia 102, Sherman Oaks, California 91403 home-pic-0
ACTIVE$625,000$1,310/sqft
15325 Magnolia 102, Sherman Oaks, California 91403
2Beds
2Baths
1,310Sqft
49,304Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Walkability: Ideally situated on a quiet cul-de-sac, the property offers exceptional walkability to Sherman Oaks Galleria, Costco, grocery stores, popular restaurants, and schools, alongside convenient access to major freeways and canyon roads.
Top Cons:
Building Age: Built in 1981, the building is over 40 years old, which, despite being well-maintained, could potentially lead to future common area capital expenditures or maintenance needs not fully covered by regular HOA dues.

Compared to the nearby listings

Price:$625.0K vs avg $614.5K (+$10,500)54%
Size:1,310 sqft vs avg 1,445 sqft42%
Price/sqft:$477 vs avg $49746%

More Insights

Built in 1981 (45 years old).
Condition: This 1981-built condo is move-in ready with several functional updates. It features laminate wood flooring, stainless steel kitchen appliances, central air and heat, and in-home laundry. The bathrooms have granite countertops and newer shower doors. While the kitchen cabinet style and fireplace tile show signs of being dated, the property is well-maintained and does not require immediate renovations, aligning with the 'Good' condition criteria for properties with some updates but not a full recent renovation.
Year Built
1981
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$477
HOA
$595
Days on market
-
Sold On
-
MLS number
SR26001999
Home ConditionGood
Features
Good View: Neighborhood
Pool
Spa
ViewNeighborhood

About this home

Welcome to this open and airy 2-bedroom, 2-bath condo offering 1,310 sq. ft. of comfortable living, ideally situated on a quiet cul-de-sac in the heart of Sherman Oaks. The home features laminate wood flooring, stainless steel appliances, ceiling fans, an in-home washer and dryer, newer shower doors, granite countertops in bathrooms, a cozy living room fireplace, and central air and heat. Seamless indoor-outdoor living is enhanced by three private balconies—one off the living room and one off each bedroom—each offering open views with no buildings obstructing the outlook. The spacious primary suite includes a large walk-in closet and an en-suite bath with dual side-by-side sinks. Ample closet space and storage are found throughout the unit, while the gated garage provides two convenient side-by-side parking spaces. The secure, well-maintained building offers a pool and spa, and low HOA dues include water, sewer, trash, and earthquake insurance. Ideally located near major freeways and canyon roads, the home is just minutes from Magnolia Park and within walking distance to the Sherman Oaks Galleria, Costco, grocery stores, popular restaurants, Kester Elementary, and Emek Academy, conveniently located at the end of the cul-de-sac. The property is currently leased with the tenant’s lease ending February 15, 2025, presenting an excellent investment opportunity. The tenants may remain if desired by the new buyer, or the unit can be delivered vacant for owner occupancy, offering flexibility to suit a variety of needs

D
Denise Bryson
Listing Agent

Price History

Date
Event
Price
04/28/17
Sold
$390,000
02/05/04
Sold
$327,000
08/12/03
Sold
$295,000
Condition Rating
Good

This 1981-built condo is move-in ready with several functional updates. It features laminate wood flooring, stainless steel kitchen appliances, central air and heat, and in-home laundry. The bathrooms have granite countertops and newer shower doors. While the kitchen cabinet style and fireplace tile show signs of being dated, the property is well-maintained and does not require immediate renovations, aligning with the 'Good' condition criteria for properties with some updates but not a full recent renovation.
Pros & Cons

Pros

Prime Location & Walkability: Ideally situated on a quiet cul-de-sac, the property offers exceptional walkability to Sherman Oaks Galleria, Costco, grocery stores, popular restaurants, and schools, alongside convenient access to major freeways and canyon roads.
Comprehensive Amenities & HOA Value: The secure, well-maintained building provides desirable amenities including a pool and spa, with low HOA dues that comprehensively cover water, sewer, trash, and earthquake insurance, offering significant value and peace of mind.
Desirable Interior Features & Layout: This open and airy 2-bedroom, 2-bath condo boasts 1,310 sq. ft. with modern updates like laminate wood flooring, stainless steel appliances, in-home washer/dryer, central air/heat, and a spacious primary suite with a walk-in closet and dual-sink en-suite bath.
Private Outdoor Spaces & Open Views: Enhancing indoor-outdoor living, the unit features three private balconies—one off the living room and one off each bedroom—all offering unobstructed, open views.
Investment Flexibility & Parking: Currently leased until February 2025, this property presents an excellent investment opportunity with the option for tenants to remain or for owner occupancy. It also includes two convenient side-by-side parking spaces in a gated garage.

Cons

Building Age: Built in 1981, the building is over 40 years old, which, despite being well-maintained, could potentially lead to future common area capital expenditures or maintenance needs not fully covered by regular HOA dues.
Occupancy Delay for Owner-Users: The existing tenant lease, ending February 15, 2025, means owner-occupants cannot move in immediately, which may limit the pool of potential buyers seeking immediate possession.
Shared Living Environment: As a condominium, the property involves shared walls and common areas, which may entail noise considerations or less privacy compared to a single-family home, and requires adherence to HOA rules and regulations.
Browse Properties by State Browse housing market trends by state