Investment Overview

Marcus & Millichap is pleased to present 14744 Magnolia Boulevard, a rare 100 percent affordable housing development opportunity in the heart of Sherman Oaks. This six story, 50-unit residential project is designed Los Angeles’ Executive Directive No. 1 (ED1), allowing for enhanced density, height, and zero parking requirements—streamlining approvals and improving 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. Located in Sherman Oaks, the project sits in a high-demand rental submarket known for its proximity to major job centers, quality retail, and walkable neighborhoods. With average one bedroom rents exceeding $2,400 and limited affordable housing options, this project offers long-term value and stability for mission-aligned investors and developers seeking an entitlement ready asset in a prime infill location.