16731 Sherman Way
Van Nuys, CA, 91406
$3,295,000
Beds
0 Baths
SqFt
0.24 Acres
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INVESTMENT HIGHLIGHTS: 6.54% Cap as of August 2025. Desirable 1986- built property with mostly two bedrooms units; One unit delivered vacant; Assumable loan in the amount of approximately $1,500,000 at 4 48 % interest rate until mid 2026; Large frontage on a quiet section of Sherman Way; Great curb appeal and landscaping; All units have central heating and air conditioning units; All units have individual water heaters, owner only pays for gas for laundry room; Copper plumbingRepaved walk-ways; Ample parking spaces, each unit gets two parking spaces for a total of 26 spots; Security cameras installed throughout the property; Intercom access; Gated and secured property; Possibility of tenants paying their share of water, sewer, trash, and common area electricity bills through implementing the RUBS program.

Property Details

Price:
$3,295,000
MLS #:
25551363
Status:
Active Under Contract
Baths:
0
Address:
16731 Sherman Way
Type:
Residential Income
Neighborhood:
lkbllakebalboa
City:
Van Nuys
Listed Date:
Jun 11, 2025
State:
CA
ZIP:
91406
Lot Size:
10,642 sqft / 0.24 acres (approx)
Year Built:
1986
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Central

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Community Structure, Controlled Entrance, Covered, Gated
Parking Spots
26.00

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16731 Sherman Way
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