14921 Sherman Way
Van Nuys, CA 91405
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1964 build
- – on site
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
Last checked:
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Last updated Sep 27, 2024
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MLS# 24350843 —
The Building
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Year Built:1964
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New Construction:No
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Building Area Total:26760.00
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# of Buildings:1
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Total Number Of Units:32
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Stories Total:2
Interior
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Levels:Two
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Laundry:Individual Room
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Laundry:1
Location
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Directions:North of Vanowen, South of Saticoy; East of Van Nuys Blvd, West of Sepulveda Blvd
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Latitude:34.20177200
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Longitude:-118.45838600
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:29604.0000
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Lot Size Acres:0.6796
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Lot Size SqFt:29604.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2221021018
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Senior Community:No
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Pool:In Ground, Community
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Gated
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Parking Spaces:34.00
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Uncovered Spaces:1.00
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Carport Spaces:9.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/27/24
Sep 27, 2024
|
Price Changed | CRMLS_CA | $6,250,000 | -3.8% |
|
5/14/24
May 14, 2024
|
Price Changed | CRMLS_CA | $6,500,000 | -7.1% |
|
1/23/24
Jan 23, 2024
|
Listed / Active | CRMLS_CA | $7,000,000 |
