14921 Sherman Way, Van Nuys, CA 91405 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
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14921 Sherman Way, Van Nuys, CA 91405

$5,600,000 Approx. USD 50 beds, 50 baths
26,760 sqft

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Listing Agent


David Kaufman | David@TamarackRES.com
Lic#: 01217537
Broker: Courtesy of David Ballin Kaufman

Agent Remarks

This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 24350843
List price is $5,600,000 Reduced by $400,000 on 3/27/2025
Price: $5,600,000
Beds: 50
Baths: 50
Built in 1964
26,760 sqft
2 stories
0.68 acres
Lot size: 0.6796
County: Los Angeles
Zoning: LAR3
Parking description: Gated
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: VN - Van Nuys

Last Updated: 4/30/2025

 Days On Market (DOM): 458

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This listing belongs to the VN - Van Nuys MLS area

Lat/Long: 34.201772, -118.458386.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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