14011 Sherman Way

Van Nuys, CA 91405

$2,795,000
Price
5
Beds
14
Baths
9,326 Sq. Ft.
$300 / Sq. Ft.
9,326
Sq. Ft.
$300
per Sq. Ft.

Description

Welcome to 14011 Sherman Way, a well-positioned 13-unit apartment building located in the heart of Van Nuys, California. This property offers a diverse selection of units designed to suit various lifestyles and needs. What sets this property apart is the unique opportunity for owner financing at attractive terms. Take advantage of owner financing at 4.75% interest for 5 years, with a $1,257,750.00 downpayment, making this investment more accessible and appealing for potential buyers. Located in Van...Welcome to 14011 Sherman Way, a well-positioned 13-unit apartment building located in the heart of Van Nuys, California. This property offers a diverse selection of units designed to suit various lifestyles and needs. What sets this property apart is the unique opportunity for owner financing at attractive terms. Take advantage of owner financing at 4.75% interest for 5 years, with a $1,257,750.00 downpayment, making this investment more accessible and appealing for potential buyers. Located in Van Nuys, this property enjoys proximity to local amenities, schools, parks, and major transportation routes, making it an attractive choice for renters and investors alike. Whether you're looking to expand your investment portfolio or secure a stable income-generating property, 14011 Sherman Way offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don't miss out on this chance to own a valuable piece of Van Nuys real estate. Schedule your private showing and explore the potential of this impressive apartment building. The Unit Mix is (1) One-Studio, (7) Seven One Bedroom and One Bath Units, (4) Four Two Bedroom and One Bath Units, and (1) Two Bedroom and Two Bath townhome style units. Each unit features contemporary interiors with well-appointed kitchens, inviting living areas, and comfortable bedrooms. Residents will appreciate the convenience of on-site laundry facilities and dedicated parking spaces.
  1. Listed by James Antonucci • DRE #01822661 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-381-6601
  2. Listed by Michael Pesci • DRE #01274379 • Brokerage DRE #01428774 • Keller Williams Studio City

Property Details for 14011 Sherman Way

Parking Spaces Total
13
Private Pool
No
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9326
Assessor Parcel Number
2216-002-041
Property Attached YN
true
LISTING UPDATED: 11/20/2024 08:08 AM

Property Details for 14011 Sherman Way

StatusActive
MLS #SR24237147
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Building Information for 14011 Sherman Way

Building/Complex14011 Sherman WayFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Property Information for 14011 Sherman Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $241,874
  • Gross Scheduled Income: $241,874
  • Vacancy Allowance: 7256
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $234,617
  • Net Operating Income: $149,202
  • Gross Multiplier: 11.56
  • Cap Rate: 5.41
Expense Details
  • Operating Expense: $85,415
  • Operating Expense Percent: 35.30%
  • New Taxes Expense: $36,863
  • Fuel Expense: $6,120
  • Electric Expense: $6,120
  • Insurance Expense: $9,328
  • Professional Management Expense: $0
  • Trash Expense: $4,680
  • Water Sewer Expense: $6,120
  • Total Expenses: $85,415
Tax / Assessment Info
  • Tax Tract Number: 1000
  • Tax Census Tract: 1271.04
  • CFD/Mello-Roos Fee: $2,099
  • Tax Lot: 223
Community / Development
Community / Development
  • Community Features: Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Heating Type: Solar
  • Heat Source: Solar
  • Heating: Solar
  • Heat Equipment: Passive Solar
Exterior Features
  • Entry Location: 2
  • Pool Features: Community
  • Pool: Community/Common
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,166
  • Unit Type Total Rent: $1,166
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $9,297
  • Unit Type Total Rent: $9,297
  • Unit Type Pro Forma: 12600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $7,599
  • Unit Type Total Rent: $7,599
  • Unit Type Pro Forma: 9200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,824
  • Unit Type Total Rent: $1,827
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1

Property History for 14011 Sherman Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14011 Sherman Way

Taxable ValueLand$328,391Additions$756,049Total$1,084,440
Tax Record2024$15,109 ($1,259 / month)
Home Facts
Total Finished SqFt9,328 SqFtAbove Grade Finished SqFt9,328 SqFtLot Size12,366 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN2216-002-041

Schools near 14011 Sherman Way

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Hazeltine Avenue Elementary School
Public - K to 5
Robert Fulton College Preparatory School
Public - 6 to 12
Panorama High School
Public - 9 to 12
Valley Charter Middle School
Charter - 6 to 8
Rating
School
Distance
Hazeltine Avenue Elementary School
PublicK to 5

Robert Fulton College Preparatory School
Public6 to 12

Panorama High School
Public9 to 12

Valley Charter Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Van Nuys

Neighborhoods

Cities

ZIPs

More information about 14011 Sherman Way, Van Nuys, CA 91405

14011 Sherman Way is a multi-family home for sale in Van Nuys, CA 91405. This property was listed for sale on November 19, 2024 by Keller Williams Realty-Studio City, it's currently listed at $2,795,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Hazeltine Avenue Elementary School, Robert Fulton College Preparatory School and Panorama High School. 14011 Sherman Way is a 5-bed, 14-bath, 9,326 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.