16805 Sherman Way
Lake Balboa, CA, 91406
$875,000
Beds
0 Baths
SqFt
0.16 Acres
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PRICE REDUCTION!!! Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood,
and at this competitive price point it’s a great investment opportunity for any investor or developer.
It has a Sherman Way address but all entrances are on Forbes Avenue. The units consist of one 2
bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. A NEW ROOF HAS BEEN INSTALLED in the three units. NEW PAINT INSIDE VACATED UNIT AND OTHER UPDATES IN THE OCCUPIED UNITS. Each unit has a dedicated off street parking
space. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 square
feet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high Walk
Score® of 71' Meaning the location is Very Walkable so most errands can be accomplished on foot.
Close to restaurants, grocery stores, and a very short drive to the 405 freeway and Lake Balboa Park
with its boating lake, golf course, and comprehensive sport amenities and activities. Call now for all
the details and I’ll gladly arrange a private tour.

Property Details

Price:
$875,000
MLS #:
SR25041364
Status:
Active
Baths:
0
Address:
16805 Sherman Way
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
lkbllakebalboa
City:
Lake Balboa
Listed Date:
Feb 24, 2025
State:
CA
ZIP:
91406
Lot Size:
6,915 sqft / 0.16 acres (approx)
Year Built:
1948
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Laminate
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Exterior

Architectural Style
Traditional
Community Features
Sidewalks, Urban
Construction Materials
Stucco
Parking Features
Concrete, Uncovered
Parking Spots
3.00
Roof
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