11329 Sherman Way - Apartments FOR SALE


Sun Valley, CA 91352
$3,500,000 USD
626-376-9224
11329 Sherman Way, Sun Valley, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/25
null | 5% Cap Rate

11329 Sherman Way
Sun Valley, CA 91352


HIGHLIGHTS

  • Recently upgraded with new windows, copper plumbing, stone siding, and fresh exterior paint
  • ±50% upside in rental potential
  • Secure gated entry for enhanced tenant security
  • 11329 Sherman Way offers (8) - Bachelors, (9) - Studios, and (7) - 1 Bed / 1 Bath units. 16 of the 24 units are master metered for gas and electric.
  • 7211 Bakman Avenue offers (3) - 1 Bed / 1 Bath and (1) - 2 Bed / 2 Bath Single Family Residence
  • On-site laundry facilities for tenant convenience

OVERVIEW

Introducing a rare investment opportunity featuring two upgraded multifamily properties in the heart of Sun Valley. This portfolio consists of a 24-unit apartment complex at 11329 Sherman Way and a 4-unit property at 7211 Bakman Avenue, offering a total of 28 adjacent rental units with significant value-add potential and an approximate 50% rental upside. The assets have been upgraded with new windows, stone siding, and fresh exterior paint. Furthermore, each building offers copper plumbing (Buyer to verify). 11329 Sherman Way offers (8) - bachelors, (9)- Studios, and (7) - 1 bed / 1 bath units. 16 of the 24 units are master metered for gas and electric. 7211 Bakman Avenue offers (3) - 1 bed / 1 bath and (1) - 2 bed / 2 bath single family residencies. There are 4 designated parking spaces.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$438 USD /SF

# OF UNITS

28

PRICE/UNIT

$125,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherman Way Palace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2315-022-010

ASK ABOUT THIS PROPERTY

Casey PicardKW CommercialMore Info
626-376-9224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Casey PicardKW CommercialMore Info
626-376-9224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.