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14921 Sherman Way

Van Nuys, CA 91405

$7,000,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $261 / sqft

1964

calendar_month Built

Property Description

This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 14921 Sherman Way
City Van Nuys
State CA
Zip 91405
County Los Angeles
Listing Agent David Kaufman DRE#01217537
Courtesy Of David Ballin Kaufman
MLS 24350843
List Price $7,000,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 29,604
Year Built 1964
DOM 37

Exterior Information

Maps

home_work Nearby Properties

Image

$469,999

king_bed 2
shower 3
straighten 1,128
straighten 15,574
15015 Sherman Way #103,

Van Nuys, CA 91405
Image

$149,990

king_bed N/A
shower N/A
straighten N/A
straighten N/A
7141 Kester Avenue,

Van Nuys, CA 91405
Image

$3,300/month

king_bed 2
shower 2
straighten 1,309
straighten 142,506
15050 Sherman Way #103,

Van Nuys, CA 91405
Image

$519,900

king_bed 2
shower 3
straighten 1,585
straighten 22,816
7061 Kester Avenue #F,

Van Nuys, CA 91405
Image

$1,700/month

king_bed 1
shower 1
straighten 500
straighten 6,463
7044 Bevis Avenue,

Van Nuys, CA 91405

Listing information courtesy of: David Kaufman, David Ballin Kaufman . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 26th, 2024 at 11:28 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.