14921 Sherman Way, Van Nuys, CA, 91405

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$5,600,000
483 Days On Site

14921 Sherman Way
Van Nuys, CA 91405

For Sale|Residential Income|Pending
50
Beds
0
Full Baths
0
Partial Baths
26,760
SqFt
$209
/SqFt
1964
Built
County:
Los Angeles
Listed by David Kaufman of David Ballin Kaufman [email protected]
14921 Sherman Way14921 Sherman Way14921 Sherman Way14921 Sherman Way
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Monthly Payment (Est.)

$25,549
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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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Listing Snapshot
Price 
$5,600,000
Days On Site 
483 Days
Bedrooms 
50
Inside Area (SqFt) 
26,760 sqft
Total Baths 
50
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.6796 Acres
Year Built 
1964
MLS® Number 
24350843
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Pending
2 months agoPrice changed to $5,600,000
a year agoListing first seen on site
General Features
Acres 
0.6796
Carport 
9
Number Of Stories 
2
Parking 
Gated
Parking Spaces 
34
Special Circumstances 
Standard
SqFt Total 
26760
Stories 
Two
Zoning 
LAR3
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Wall Furnace
Laundry Features 
Laundry Room
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Exterior Features
Pool Features 
CommunityIn Ground
Spa Features 
None
Community Features
Community Features 
Pool
MLS Area 
VN - Van Nuys


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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