Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    14921 Sherman Way, Van Nuys, CA 91405
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    14921 Sherman Way
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    • MLS#: 24350843 ( )
    • Street Address: 14921 Sherman Way
    • Viewed: 9
    • Price: $6,000,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1964
    • Bldg sqft: 0
    • Days On Market: 340
    • Additional Information
    • County: LOS ANGELES
    • City: Van Nuys
    • Zipcode: 91405
    • Provided by: David Ballin Kaufman
    • Contact: David David
    • California Regional MLS IDX
    • DMCA Notice
    • 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
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    Features
    Building Area Total
    1. 26760.00
    Carport Spaces
    1. 9.00
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Heating
    1. Wall Furnace
    Laundry Features
    1. Individual Room
    Levels
    1. Two
    Netoperatingincome
    1. 291949.00
    Parcel Number
    1. 2221021018
    Parking Features
    1. Gated
    Pool Features
    1. In Ground
    2. Community
    Sourcesystemkey
    1. 24-350843:CLAW
    Spa Features
    1. None
    Totalexpenses
    1. 222897.00
    Uncovered Spaces
    1. 1.00
    Year Built
    1. 1964
    Zoning
    1. LAR3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836