Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Under ContractSingleFamilyResidence

13005 Magnolia

Sherman Oaks, CA, 91423

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$1,729,000

MLS: SR26041644

Beds

3

Baths

1

Sq Ft

1,289

Lot

0.77 ac

Year Built

1921

MLS #

SR26041644

Days on Market

29

Listed

Feb 25, 2026

Description

DEVELOPER ALERT – PRIME SHERMAN OAKS OPPORTUNITY! Rare chance to acquire 4 ADJACENT LOTS in the heart of Sherman Oaks! All parcels are being sold together for a combined total of approximately 1.29 acres of flat land, total purchase price $6,000,000 — an exceptional development opportunity in one of the Valley’s most sought-after neighborhoods. The property includes 4 lots with 3 existing homes, originally built in 1921, all being sold AS-IS. Incredible potential for developers, builders, or investors looking to create a signature project in a prime location. APNs included in the sale: 2345-018-008 2345-018-066 2345-018-009 2345-018-010 Centrally located near shopping, dining, and major transportation routes. Opportunities like this are rare — bring your vision and unlock the possibilities!

Location

Sherman Oaks, Los Angeles County, CA 91423

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Listed by: Blue Chavira · Rodeo Realty

Payment estimate

$12,310

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $172,900 · Loan: $1,556,100

%
Principal & Interest
$9,561
Property tax (1.25%)
$1,801
Homeowners insurance
$300
Mortgage insurance
$648
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Sherman Oaks home with as little as 3.5% down using an FHA loan — roughly $60,515 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Sherman Oaks, CA 91423 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

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