14921 Sherman Way

Van Nuys, CA 91405

$6,000,000
Price
50
Beds
50
Baths
26,760 Sq. Ft.
$224 / Sq. Ft.
26,760
Sq. Ft.
$224
per Sq. Ft.

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...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
  1. Listed by David Kaufman • DRE #01217537 • Brokerage DRE #01217537 • David Ballin Kaufman

Property Details for 14921 Sherman Way

Zoning
LAR3
Parcel Number
2221021018
Total Units
32.0
Living Area
26760
Source Living Area
Vendor Enhanced
Area
East Van Nuys
Vacancy Rate
0
Lot Size Area
29604
LISTING UPDATED: 12/09/2024 11:58 AM

Property Details for 14921 Sherman Way

StatusActive
MLS #24-350843
Days on Market329
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.68 AC / 29,604 SF
CountyLos Angeles County

Building Information for 14921 Sherman Way

Stories2Residences-Year Built1964Building Size-Lot Size0.68 AC / 29,604 SF

Property Information for 14921 Sherman Way

Community / Development
Community / Development
  • Number Of Units: 32
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1+1 & 2+2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $514,846
  • Net Operating Income: $291,949.00
  • Gross Income: $525,353
  • Cap Rate: 4.67%
  • Gross Rent Multiplier: $11.90
  • Actual Annual Gross Rent: $516,413.00
  • Actual Gross Annual Income: $525,353
  • Total Annual Expense: 222897
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.6796
  • Lot Size Square Feet: 29604
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 34
  • Covered Parking: 24
  • Open Other Spaces Total: 1
  • Carport Spaces Total: 9
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
  • Laundry: Room
Exterior Features
Exterior Features
  • Pool: Yes
  • Private Pool: No
  • Pool Description: In Ground, Community
  • Pool Features: In Ground, Community
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,124.70
  • Unit Actual Rent: $15,746.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 14
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,510.00
  • Unit Actual Rent: $27,188.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 18
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $570,282.00
  • Assessed Improvement Percent: 74.51
  • Assessed Land Value: $195,096.00
  • Assessed Land Percent: 25.49
  • Assessed Total Value: $765,378.00

Property History for 14921 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 14921 Sherman Way

Taxable ValueLand$198,997Additions$591,287Total$790,284
Tax Record2024$13,672 ($1,139 / month)
Home Facts
Total Finished SqFt26,760 SqFtAbove Grade Finished SqFt26,760 SqFtLot Size29,594 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN2221-021-018

Schools near 14921 Sherman Way

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Valerio Street 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.

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14921 Sherman Way is a multi-family home for sale in Van Nuys, CA 91405. This property was listed for sale on January 23, 2024 by David Ballin Kaufman, it's currently listed at $6,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Valerio Street Elementary School, Robert Fulton College Preparatory School and Panorama High School. 14921 Sherman Way is a 50-bed, 50-bath, 26,760 sqft multi-family home built in 1964.

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 David Ballin Kaufman, David Kaufman, DRE #01217537

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.