15915-15919 Sherman Way - Apartments FOR SALE


Van Nuys, CA 91406
$2,400,000 USD
818-381-6601
15915-15919 Sherman Way, Van Nuys, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/17
null | 5.41% Cap Rate

15915-15919 Sherman Way
Van Nuys, CA 91406


HIGHLIGHTS

  • Potential Rental Upside
  • Copper Plumbing
  • High Demand Rental Location
  • Double Lot
  • New Roof in 2023
  • Individually Metered for Gas & Electric

OVERVIEW

Discover an exceptional 12-unit multifamily investment in the heart of Van Nuys, offering a highly desirable unit mix of twelve 1-bedroom, 1-bathroom apartments. With strong rental demand in the area, this property presents tremendous rental upside, making it an ideal opportunity for investors looking to maximize long-term returns. Residents enjoy convenient on-site Carport parking, ensuring hassle-free living in a high-demand rental market. Additional amenities include on-site laundry, enhancing tenant convenience and increasing property desirability. Each unit is individually metered for gas and electricity, providing an efficient and cost-effective management structure for owners. Recent upgrades, such as copper plumbing and a brand-new roof installed in 2023, add significant value and reduce future maintenance concerns. Situated in a prime Van Nuys location, this property offers unparalleled accessibility. The I-405 Freeway is just moments away, connecting tenants to major employment and entertainment hubs throughout Los Angeles. Additionally, the property is located near Van Nuys Airport, the Van Nuys DMV, and a variety of shopping centers, restaurants, and public transit options, ensuring a highly desirable living experience for tenants. With a strong rental market and ample upside potential, 15915-19 Sherman Way is a rare opportunity to acquire a well-maintained asset in a thriving neighborhood. Don't miss out on this outstanding investment—contact us today for more information!

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

12

PRICE/UNIT

$200,000

CAP RATE

5.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,472 SF

ZONING

LAR3

APN/PARCEL ID

2206-036-003,2206-036-004

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

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