14921 Sherman Way, Van Nuys, CA 91405
-
Listed Price :
$6,250,000
-
Beds :
50
-
Baths :
50
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Property Size :
26,760 sqft
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Year Built :
1964
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
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
50 |
| Bathroom Information |
| Bathrooms |
50 |
| 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 |
| List Price |
$6,250,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
26,760 |
| Lot Size |
29,604 |
| Year Built |
1964 |
Listing information courtesy of: David Kaufman, David Ballin Kaufman. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:39 PM 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.
