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

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    15919 Sherman Way, Van Nuys, CA 91406
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    15919 Sherman Way
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    • MLS#: SR25060464 ( Apartment )
    • Street Address: 15919 Sherman Way
    • Viewed: 1
    • Price: $2,400,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1956
    • Bldg sqft: 0
    • Days On Market: 31
    • Additional Information
    • County: LOS ANGELES
    • City: Van Nuys
    • Zipcode: 91406
    • Provided by: Keller Williams Realty-Studio City
    • Contact: James James
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Discover an exceptional 12 unit multifamily investment in the heart of Van Nuys, offering a highly desirable unit mix of twelve 1 bedroom, 1 bathroom apartments. With strong rental demand in the area, this property presents tremendous rental upside, making it an ideal opportunity for investors looking to maximize long term returns. Residents enjoy convenient on site Carport parking, ensuring hassle free living in a high demand rental market. Additional amenities include on site laundry, enhancing tenant convenience, and increasing property desirability. Each unit is individually metered for gas and electricity, providing an efficient and cost effective management structure for owners. Recent upgrades, such as copper plumbing and a brand new roof installed in 2023, add significant value and reduce future maintenance concerns. Situated in a prime Van Nuys location, this property offers unparalleled accessibility. The I 405 Freeway is just moments away, connecting tenants to major employment and entertainment hubs throughout Los Angeles. Additionally, the property is located near Van Nuys Airport, the Van Nuys DMV, and a variety of shopping centers, restaurants, and public transit options, ensuring a highly desirable living experience for tenants. With a strong rental market and ample upside potential, 15915 19 Sherman Way is a rare opportunity to acquire a well maintained asset in a thriving neighborhood. Don't miss out on this outstanding investmentcontact us today for more information! This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
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    Features
    Additional Parcels Description
    1. 2206-036-004
    Building Area Total
    1. 7950.00
    Carport Spaces
    1. 12.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 11
    Electric Expense
    1. 5280.00
    Fuel Expense
    1. 5280.00
    Garage Spaces
    1. 0.00
    Gardner Expense
    1. 1500.00
    Insurance Expense
    1. 7950.00
    Laundry Features
    1. Common Area
    Laundry Income
    1. 1560.00
    Lockboxtype
    1. None
    Lot Features
    1. 11-15 Units/Acre
    Netoperatingincome
    1. 129776.00
    Newtaxesexpense
    1. 30000.00
    Number Of Separate Electric Meters
    1. 12
    Number Of Separate Gas Meters
    1. 12
    Parcel Number
    1. 2206036003
    Parking Features
    1. Carport
    Pest Control Expense
    1. 900.00
    Pool Expense
    1. 0.00
    Pool Features
    1. None
    Postalcodeplus4
    1. 4018
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 434493830:CRM
    Totalexpenses
    1. 70939.00
    Trash Expense
    1. 4320.00
    Vacancyallowance
    1. 6208
    Water Sewer Expense
    1. 5280.00
    Water Source
    1. Public
    Year Built
    1. 1956
    Year Built Source
    1. Public Records
    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