15919 Sherman Way, Van Nuys, CA 91406
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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
- DMCA Notice
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DescriptionDiscover 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.
Property Location and Similar Properties
Features
Additional Parcels Description
- 2206-036-004
Building Area Total
- 7950.00
Carport Spaces
- 12.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 11
Electric Expense
- 5280.00
Fuel Expense
- 5280.00
Garage Spaces
- 0.00
Gardner Expense
- 1500.00
Insurance Expense
- 7950.00
Laundry Features
- Common Area
Laundry Income
- 1560.00
Lockboxtype
- None
Lot Features
- 11-15 Units/Acre
Netoperatingincome
- 129776.00
Newtaxesexpense
- 30000.00
Number Of Separate Electric Meters
- 12
Number Of Separate Gas Meters
- 12
Parcel Number
- 2206036003
Parking Features
- Carport
Pest Control Expense
- 900.00
Pool Expense
- 0.00
Pool Features
- None
Postalcodeplus4
- 4018
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 434493830:CRM
Totalexpenses
- 70939.00
Trash Expense
- 4320.00
Vacancyallowance
- 6208
Water Sewer Expense
- 5280.00
Water Source
- Public
Year Built
- 1956
Year Built Source
- Public Records
Zoning
- LAR3