Photos
- Studio–1 Bedrooms
- $1,850-$2,375Pricing
- 575–770Square Feet
Rent Specials
MOVE IN SPECIALS -Up to $1000 move-in specials (Second Month)~~LOOK AND LEASE* - Up to $1000 move-in specials (Second Month). *Selected Units only. -Must move in by 4/1/26
About Terraces at the Summit
Welcome home! Enjoy our newly renovated units and a vibrant community setting. Residents can relax in a well-lit courtyard featuring a sparkling swimming pool, lounge chairs, and shaded tables—perfect for unwinding. The beautifully landscaped backyard offers BBQs and shaded seating, creating the ideal outdoor retreat. Our community also includes on-site fitness facilities, convenient laundry rooms, and spacious storage options. Plus, enjoy the security and convenience of gated underground parking, with one assigned space included in rent. Experience comfort, convenience, and modern living—welcome home! Our Sherman Oaks location (14556 Magnolia Blvd. just west of Van Nuys Blvd.) is two minutes away from the 405 and 101 freeways, and the Sherman Oaks Galleria, Regal Theatres, Balboa Park, Sepulveda Dam Recreation Area, Ventura Blvd and much more are a short drive. Sherman Oaks park is a five minute walk away, with tennis/basketball courts, two running paths, multiple baseball diamonds and soccer fields. Please call with questions or to schedule a showing. We are available M-F 9-6 pm by appointment only
Terraces at the Summit is located in the 91403 Zip code of Sherman Oaks, CA. This community is professionally managed by FPI Management
Property Contact Info
Floorplan Pricing and Availability
Terraces at the Summit offers Studio to 1 Bedroom apartments starting from $1,850 and having 575–770 sq ft. Here is the current pricing and availability:
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ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >Studio
Show Unavailable Floorplans0x1AR1
$1,850
Studio, 1 Bath, 575 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $1,850 Available Now 305 575 Unit 305 Rent and Fees
Unit Price
- $1,850
View Details and Rent EstimateDeposit
- $500 deposit
Model Rent and Fees
Price
- $1,850
Apartment Unit: 305Apartment Model: 0x1AR1$1,850Studio, 1 Bath, 575 sq ftAvailable Now0x1AC
Studio, 1 Bath, 575 sq ftAvailability Details
Price Availability Date Unit Sq Ft Deposit $2,100 Call for Availability 0x1AC 575 sq ft $500 Model Rent and Fees
Model Price
- $2,100
Deposit
- $500 deposit
1 Bedroom
Show Unavailable Floorplans1x1AC
From $1,899
1 Bed, 1 Bath, 770 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft View Details $1,899 Available Now 214 770 $2,300 April 8, 2026 213 770 Model Rent and Fees
Model Price Range
- $1,899 - $2,300
Deposit
- $500 deposit
Unit 214 Rent and Fees
Unit Price
- $1,899
View Details and Rent EstimateDeposit
- $500 deposit
Model Rent and Fees
Model Price Range
- $1,899 - $2,300
Unit 213 Rent and Fees
Unit Price
- $2,300
View Details and Rent EstimateDeposit
- $500 deposit
Model Rent and Fees
Model Price Range
- $1,899 - $2,300
Apartment Unit: 214Apartment Model: 1x1AC$1,8991 Bedroom, 1 Bath, 770 sq ftAvailable NowApartment Unit: 213Apartment Model: 1x1AC$2,3001 Bedroom, 1 Bath, 770 sq ftAvailable April 8, 20261x1AR1
$2,300
1 Bed, 1 Bath, 770 sq ftAvailable Aug 5Availability Details
Price Availability Date Unit Sq Ft Deposit $2,300 August 5, 2026 1x1AR1 770 sq ft $500 Model Rent and Fees
Model Price
- $2,300
Deposit
- $500 deposit
1x1BR1
1 Bed, 1 Bath, 770 sq ftAvailability Details
Price Availability Date Unit Sq Ft Deposit $2,375 Call for Availability 1x1BR1 770 sq ft $500 Model Rent and Fees
Model Price
- $2,375
Deposit
- $500 deposit
1x1BC
1 Bed, 1 Bath, 770 sq ftAvailability Details
Price Availability Date Unit Sq Ft Deposit $2,375 Call for Availability 1x1BC 770 sq ft $500 Model Rent and Fees
Model Price
- $2,375
Deposit
- $500 deposit
Schedule a Tour
3D Tours
Property Information
- 50 Units
- 3 Stories
- Built in 1962
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
Required Fees
One-Time Move-In Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiProspective residents are invited to apply online. Charged per applicant.$64.5
Other Fees and Policies
Storage Fees
- Storage DepositiCharged per rentable item.$0
- Storage RentiCharged per rentable item.$100/mo
Storage Unit
Pet Fees
Pet Policies are Negotiable
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
Community Features
- Lounge
Outdoor Features
- Courtyard
- Gated
Recreation and Fitness
- Basketball Court
- Walking/Biking Trails
- Pool
Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks
- Transportation
Map
Hours and Contact Info
| Monday | 8:00 am–5:00 pm |
| Tuesday | 8:00 am–5:00 pm |
| Wednesday | 8:00 am–5:00 pm |
| Thursday | 8:00 am–5:00 pm |
| Friday | 8:00 am–5:00 pm |
| Saturday | Closed |
| Sunday | Closed |
Frequently Asked Questions about Terraces at the Summit
Where is Terraces at the Summit located?
Terraces at the Summit is located at 14556 Magnolia Blvd, Sherman Oaks, CA
What is the current rent range at Terraces at the Summit?
Studio to 1 Bedroom Apartments at Terraces at the Summit currently range from $1,850 to $2,300
When is the leasing office open?
- The office Hours for Terraces at the Summit are
- Monday 8:00 am–5:00 pm
- Tuesday 8:00 am–5:00 pm
- Wednesday 8:00 am–5:00 pm
- Thursday 8:00 am–5:00 pm
- Friday 8:00 am–5:00 pm
- Saturday Closed
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Are there any rent specials?
The current rent special at Terraces at the Summit is: MOVE IN SPECIALS -Up to $1000 move-in specials (Second Month)~~LOOK AND LEASE* - Up to $1000 move-in specials (Second Month). *Selected Units only. -Must move in by 4/1/26.
Lifestyle Ratings
Learn more about Lifestyle SearchRenters Reviews and Ratings
Nearby Schools
Van Nuys Middle
Van Nuys Senior High
Kester Avenue Elementary
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Terraces at the Summit.
Arts Museums and Landmarks
Big Box and Retail
Macy's
Walgreens
Target
Colleges and Universities
Groceries
Ralphs
Whole Foods
Smart & Final
Hospitals
Parks and Recreation
Terraces at the Summit has 5 parks within 13.7 miles, including Beverly Gardens Park, Bronson Canyon, La Brea Tarpits, Barnsdall Art Park, and Exposition Rose Garden.
Restaurants and Dining
Shopping Centers
Terraces at the Summit has 5 shopping centers within 0.6 miles.
Transit Stations
Burbank-Bob Hope Airport-Ventura County Line
Downtown Burbank-Ventura County Line
Downtown Burbank-Antelope Valley Line
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherman Oaks Studio Apartments | $1,892 | $850 | $3,100 |
| Sherman Oaks 1 Bedroom Apartments | $2,378 | $1,400 | $3,715 |
| Sherman Oaks 2 Bedroom Apartments | $2,956 | $1,895 | $8,732 |
| Sherman Oaks 3 Bedroom Apartments | $3,665 | $2,495 | $10,000+ |
| Sherman Oaks 4 Bedroom Apartments | $5,119 | $3,198 | $7,100 |
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On site, indoor storage closets (approximately 50 SF)available for additional monthly fee.