13915 Sherman Way, Van Nuys, CA, 91405
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Property Details
27
33.5
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 27 • Bathrooms: 33.5 • Square Feet: 16144 • Lot/Size: 14,002 sqft lot
Description: We are proud to present 13915 Sherman Way, a 15-unit townhouse-style multifamily property on Van Nuys's Sherman Way transit corridor. Built 1989, the property comprises 12 two-bedroom/2.5-bath townhomes and three one-bedroom flats across 16,144 SF on a 13,998 SF lot. Two-story wood frame with individually metered gas and electric, a community pool, on-site laundry, and 28 surface parking spaces. The property is RSO-exempt and subject only to AB 1482.The investment case is near-term rent capture with no capital requirement. Current gross scheduled rent of $372,828 grows to $460,800 at pro forma market rents of $2,650 TH / $2,200 flat approximately 23.6% upside. Two legacy tenants sit at $1,
Location
Address
13915 Sherman Way, Van Nuys, CA, 91405
City
Van Nuys
Features and Finishes
Year Built: 1989; [object Object]; [object Object]; [object Object]
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