14921 Sherman Way
$6,000,000
50
50
26,760
26,760
$224
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
- Listed by David Kaufman • DRE #01217537 • Brokerage DRE #01217537 • David Ballin Kaufman
Property Details for 14921 Sherman Way
Zoning
LAR3
Parcel Number2221021018
Total Units32.0
Living Area26760
Source Living AreaVendor Enhanced
AreaEast Van Nuys
Vacancy Rate0
Lot Size Area29604
LISTING UPDATED: 12/09/2024 11:58 AM
Property Details for 14921 Sherman Way
Status | Active |
---|---|
MLS # | 24-350843 |
Days on Market | 329 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.68 AC / 29,604 SF |
County | Los 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
Property History for 14921 Sherman Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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