The LAAA Team of Marcus & Millichap is pleased to present 14744 Magnolia Boulevard, a rare 100% affordable housing development opportunity located in the heart of Sherman Oaks. This six-story, 50-unit residential project is designed under Los Angeles' Executive Directive No. 1 (ED1), which allows for increased density, greater height, and zero parking requirementsstreamlining approvals and enhancing overall project feasibility.Approximately 80% of the units will serve low-income households (Schedule 9), with the remaining 20% reserved for moderate-income tenants (Schedule 6). The property is also eligible for Tier 7 Section 8 rents, offering strong rent potential in a high-demand area. Additional features include rooftop open space, a fully sprinklered building design, and solar-ready infrastructure. This is one of the best-located ED1 projects in all of Los Angeles, offering unmatched walkability and connectivity in a premium infill setting.Situated in the highly sought-after Sherman Oaks rental submarket, the project benefits from proximity to major employment centers, high-end retail, and desirable residential neighborhoods. With average one-bedroom rents exceeding $2,400 and a significant lack of affordable housing, this development presents long-term value and stability for mission-aligned investors and developers seeking a fully entitled asset in a premier location.
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DAYS ON MARKET
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7
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LAST UPDATED
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6/11/2025
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YEAR BUILT
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0
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COMMUNITY
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SO - Sherman Oaks
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COUNTY
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Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Lot/Land/Acreage
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| AREA |
SO - Sherman Oaks |
| LOT |
6504 sq ft |
| LOT DIMENSIONS |
50x125 |
| VIEW DESCRIPTION |
None |
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Listed with Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/17/25 11:40 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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