14011 Sherman Way

    Van Nuys, CA 91405
    • $2,650,000
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: 18328126
    UPDATED: 34 min ago
    $2,650,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,328
      SQFT
    • $284
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are proud to present this 13-unit apartment building located at 14011 Sherman Way in Van Nuys, CA. The building consists of one studio, seven one-bedroom/one-bathroom units, four two-bedroom/two-bathroom units, and one two-bedroom/two-bathroom townhouse style unit. For the comfort and convenience of the tenants, this property has ample parking, on-site laundry, and a pool for all to enjoy. This quiet and up and coming area with great location allows residents to find work in the local business sector, direct access to the 405 freeway as well as Amtrak and Metrolink rail which gives easy access to commute to downtown. This investment offering provides a savvy investor the opportunity to capitalize on the existing low rents and own an investment property in a strong and centrally located rental pocket of Van Nuys. The potential yield this property has to offer is one of a kind.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T19:31:20.047. 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/82149297

    14011 Sherman Way Van Nuys, CA 91405

    • Price: $2,650,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 18328126
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    9,328
    SQFT
    $284
    $/SQFT
    1963
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    We are proud to present this 13-unit apartment building located at 14011 Sherman Way in Van Nuys, CA. The building consists of one studio, seven one-bedroom/one-bathroom units, four two-bedroom/two-bathroom units, and one two-bedroom/two-bathroom townhouse style unit. For the comfort and convenience of the tenants, this property has ample parking, on-site laundry, and a pool for all to enjoy. This quiet and up and coming area with great location allows residents to find work in the local business sector, direct access to the 405 freeway as well as Amtrak and Metrolink rail which gives easy access to commute to downtown. This investment offering provides a savvy investor the opportunity to capitalize on the existing low rents and own an investment property in a strong and centrally located rental pocket of Van Nuys. The potential yield this property has to offer is one of a kind.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.04 Gross Multiplier 14.46 Gross Operating Income 185285.00 Improvements Amount 654757 Land Value 288614 Laundry YN Yes Net Operating Income 107149.00 Special Listing Conditions Standard Total Expenses 74838.00 Zoning Lar3

    Listing provided courtesy of Filip Niculete of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T19:31:20.047. 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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