11329 Sherman Way

    Sun Valley, CA 91352
    • $2,850,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: 18360364
    UPDATED: 151 min ago
    $2,850,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,988
      SQFT
    • $357
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Upgraded 24 Unit Multifamily Asset Built in 1956 * Unit Floor Plans Consisting of 1 Bedroom, Studio and Efficiency Units * Numerous Interior & Exterior Upgrades to the Property * 7 Units with New Laminate & Tile Flooring, Granite Countertops, New Kitchen Cabinets, New Fixtures * New Copper Plumbing Throughout - Installed in 2013 * New Dual-Paned, Vinyl Windows, New Exterior Stucco & Window Accent Trim * New Stacked Stone on the Building & New Gates with Stacked Stone Columns and Iron Fencing * Tremendous Rental Upside Potential of Over 18% * Smaller Unit Sizes Equal a Lower Number of Tenants and Thus More Efficient Operating Expenses * 2 Separate Buildings on One Parcel * 18 Gated Parking Spaces * 16 Units are Master Metered for Gas & Electricity - Allows for 5% Total Annual Rent Increases * 2 Laundry Rooms On-Site that Generate Additional Income for the Property

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. 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. 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, 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.
    www.playavistaliving.com/homes/85203732

    11329 Sherman Way Sun Valley, CA 91352

    • Price: $2,850,000
    • Status: Active
    • Updated: 151 min ago
    • ID#: 18360364
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    7,988
    SQFT
    $357
    $/SQFT
    1956
    Built
    Neighborhood:
    SUNV - Sun Valley
    County:
    Los Angeles
    Area:
    SUNV - Sun Valley
    Property Description
    Upgraded 24 Unit Multifamily Asset Built in 1956 * Unit Floor Plans Consisting of 1 Bedroom, Studio and Efficiency Units * Numerous Interior & Exterior Upgrades to the Property * 7 Units with New Laminate & Tile Flooring, Granite Countertops, New Kitchen Cabinets, New Fixtures * New Copper Plumbing Throughout - Installed in 2013 * New Dual-Paned, Vinyl Windows, New Exterior Stucco & Window Accent Trim * New Stacked Stone on the Building & New Gates with Stacked Stone Columns and Iron Fencing * Tremendous Rental Upside Potential of Over 18% * Smaller Unit Sizes Equal a Lower Number of Tenants and Thus More Efficient Operating Expenses * 2 Separate Buildings on One Parcel * 18 Gated Parking Spaces * 16 Units are Master Metered for Gas & Electricity - Allows for 5% Total Annual Rent Increases * 2 Laundry Rooms On-Site that Generate Additional Income for the Property
    Exterior Features

    Lot Size Units Square Feet Parking Features Side By Side Parking YN Yes

    Interior Features

    Cooling Wall Window Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.20 Gross Multiplier 12.46 Gross Operating Income 222034.00 Improvements Amount 408498 Land Value 901884 Laundry YN Yes Net Operating Income 119795.00 Special Listing Conditions Standard Total Expenses 102239.00 Zoning Lar3

    Listing provided courtesy of David Harrington of Matthews Retail Group, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. 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. 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, 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.
     
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