Lake Balboa, CA 91406 16805 Sherman Way
$950,000
12 more
Presented By: Nelson Rodriguez with Park Regency Realty; 818-645-3077
- MLS# SR25041364
- 02/25/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 4
Baths • 3
SQFT • 2,272
Home Details
Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood,
and at this competitive price point it’s a great investment opportunity for any investor or developer.
It has a Sherman Way address but all entrances are on Forbes Avenue. The units consist of one 2
bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. Each unit has a dedicated off street parking
space. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 square
feet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high Walk
Score® of 71; Meaning the location is Very Walkable so most errands can be accomplished on foot.
Close to restaurants, grocery stores, and a very short drive to the 405 freeway and Lake Balboa Park
with its boating lake, golf course, and comprehensive sport amenities and activities. Call now for all
the details and I’ll gladly arrange a private tour.
Presented By: Nelson Rodriguez with Park Regency Realty; 818-645-3077
Interior Features for 16805 Sherman Way
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
FlooringLaminate
Heating Y/NNo
Interior AmenitiesCeilingFans, CrownMolding, AllBedroomsDown
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 16805 Sherman Way
Additional Parcels Y/NNo
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLake Balboa
Community FeaturesSidewalks, Urban
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
DirectionsEast of Balboa Blvd, and Sherman Way St.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income4027.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet6915.0
Lot Size UnitsSquareFeet
MLS AreaLKBL - Lake Balboa
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number Of Units Total3
Open Parking Spaces3.0
Operating Expense0.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot6
Tenant PaysElectricity, Gas
Trash Expense0.0
UtilitiesSewerAvailable
ViewNone
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningLARD2
Exterior for 16805 Sherman Way
Building Area Total2272.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions6915
Lot FeaturesCornerLot, RectangularLot
Lot Size Acres0.1587
Lot Size Area6915.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings3
Number of Separate Electric Meters0
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesConcrete, Uncovered
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate