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16731 Sherman WAY Van Nuys, CA 91406
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Key Details
Sold Price $3,250,000
Property Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 11,326 sqft
Price per Sqft $286
MLS Listing ID 25551363
Bedrooms 22
Year Built 1986
Lot Size 10,641 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Controlled Entrance, Covered, Gated, Community Structure
Building
Story 1
New Construction No
Others
Special Listing Condition Standard
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Bought with Casey Picard Keller Williams Realty
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