Sherman Way Palace & Bakman Palms present a 28-unit multifamily investment opportunity across two adjacent parcels in Sun Valley. The offering includes a separately parceled fourplex (Bakman Ave), allowing for operational efficiencies through shared management while maintaining flexibility for future financing, refinancing, or potential individual disposition. Built in 19551956, the property totals approximately 11,351 square feet of improvements on a combined 25,278 SF lot and is zoned LAR3. The unit mix consists of (9) bachelor units, (8) studios, (10) one-bedroom/one-bath units, and (1) two-bedroom/two-bath unit, supporting broad tenant demand and stable occupancy. The asset offers strong in-place income with significant value-add potential, driven by mark-to-market rent growth and operational efficiencies. Ownership has completed multiple capital improvements, including copper plumbing, new windows, stone siding, fresh exterior paint, and gated entry, helping reduce near-term capital expenditure needs. Additional amenities include ample on-site surface parking and on-site laundry facilities, providing convenience for residents and additional income potential. Located in the eastern San Fernando Valley, the property benefits from convenient access to Burbank, North Hollywood, Panorama City, and Downtown Los Angeles, as well as proximity to Hollywood Burbank Airport, Interstate 5, and State Route 170, supporting strong workforce housing demand and long-term rental stability.
Property Details
Price:
$3,495,000
MLS #:
26662809
Status:
Active
Beds:
12
Baths:
29
Type:
Single Family
Neighborhood:
sunvsunvalley
Listed Date:
Mar 11, 2026
Finished Sq Ft:
11,351
Total Sq Ft:
11,351
Lot Size:
25,278 sqft / 0.58 acres (approx)
Year Built:
1956
See this Listing
Schools
Interior
Levels
A, S
Exterior
Parking Spots
22
Parking Total
22
Financial
Map
Community
- Address11329 Sherman WY Sun Valley CA
- CitySun Valley
- CountyLos Angeles
- Zip Code91352
Subdivisions in Sun Valley
Market Summary
Current real estate data for Single Family in Sun Valley as of Apr 27, 2026
81
Single Family Listed
70
Avg DOM
373
Avg $ / SqFt
$784,870
Avg List Price
Property Summary
- 11329 Sherman WY Sun Valley CA is a Single Family for sale in Sun Valley, CA, 91352. It is listed for $3,495,000 and features 12 beds, 29 baths, and has approximately 11,351 square feet of living space, and was originally constructed in 1956. The current price per square foot is $308. The average price per square foot for Single Family listings in Sun Valley is $373. The average listing price for Single Family in Sun Valley is $784,870.
Similar Listings Nearby
11329 Sherman WY
Sun Valley, CA


