Active
14921 Sherman Way
Van Nuys CA, 91405
$6,250,000
$233.56 per sqft
Active
50 Beds
50 Baths
26,760 sqft
Multi-family
Built in 1964
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
24-350843
MLSⓇ ID
January 23, 2024
Listed
October 2, 2024
Updated
Map
14921 Sherman Way
Van Nuys CA, 91405
Interior Features
Total Stories
2
Bedrooms
50
Total Bathrooms
50
Appliances
Range/Oven
Laundry Description
Room
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.68 Acres
Other Property Details
Area Name
East Van Nuys
Days on Market
243
Garage
No
Parking
Gated
Parking Total
34
View
No
County
Los Angeles
Pool
Yes
Pool Features
In Ground, Community
Zoning
LAR3
Listed by David Kaufman with David Ballin Kaufman
Listing Contact: 310-877-8600
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor BZP Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024