Van Nuys, CA 91406 15919 Sherman Way

15919 Sherman Way Van Nuys, CA - Image 115919 Sherman Way Van Nuys, CA - Image 215919 Sherman Way Van Nuys, CA - Image 3
11 more
15919 Sherman Way Van Nuys, CA - Image 415919 Sherman Way Van Nuys, CA - Image 515919 Sherman Way Van Nuys, CA - Image 615919 Sherman Way Van Nuys, CA - Image 715919 Sherman Way Van Nuys, CA - Image 815919 Sherman Way Van Nuys, CA - Image 915919 Sherman Way Van Nuys, CA - Image 1015919 Sherman Way Van Nuys, CA - Image 1115919 Sherman Way Van Nuys, CA - Image 1215919 Sherman Way Van Nuys, CA - Image 1315919 Sherman Way Van Nuys, CA - Image 1415919 Sherman Way Van Nuys, CA - Image 15
Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SR25060464
  • 03/19/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 1
  • SQFT • 7,950

Home Details

Discover an exceptional 12-unit multifamily investment in the heart of Van Nuys, offering a highly desirable unit mix of twelve 1-bedroom, 1-bathroom apartments. With strong rental demand in the area, this property presents tremendous rental upside, making it an ideal opportunity for investors looking to maximize long-term returns. Residents enjoy convenient on-site Carport parking, ensuring hassle-free living in a high-demand rental market. Additional amenities include on-site laundry, enhancing tenant convenience, and increasing property desirability. Each unit is individually metered for gas and electricity, providing an efficient and cost-effective management structure for owners. Recent upgrades, such as copper plumbing and a brand-new roof installed in 2023, add significant value and reduce future maintenance concerns. Situated in a prime Van Nuys location, this property offers unparalleled accessibility. The I-405 Freeway is just moments away, connecting tenants to major employment and entertainment hubs throughout Los Angeles. Additionally, the property is located near Van Nuys Airport, the Van Nuys DMV, and a variety of shopping centers, restaurants, and public transit options, ensuring a highly desirable living experience for tenants. With a strong rental market and ample upside potential, 15915-19 Sherman Way is a rare opportunity to acquire a well-maintained asset in a thriving neighborhood. Don't miss out on this outstanding investment—contact us today for more information! This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601

Interior Features for 15919 Sherman Way

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 15919 Sherman Way

Additional Parcels Description2206-036-004
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.41
Carport Spaces12.0
Carport Y/NYes
CityVan Nuys
Community FeaturesSuburban
CountyLos Angeles
DirectionsNorth of Sherman Way and West of the I-405 Freeway
Electric Expense5280.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense5280.0
Garage Spaces0.0
Garage Y/NNo
Gross Income206922.0
HOANo
Home Warranty Y/NNo
Insurance Expense7950.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet12472.0
Lot Size UnitsSquareFeet
MLS AreaVN - Van Nuys
MobileHomeRemainsYNNo
Net Operating Income129776.0
New ConstructionNo
Number Of Units Total12
Operating Expense70939.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tax Lot3
Taxes$30,000
Trash Expense4320.0
Water Sewer Expense5280.0
Waterfront Y/NNo
Year Built1956
Year Built SourcePublicRecords
ZoningLAR3

Exterior for 15919 Sherman Way

Building Area Total7950.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.2863
Lot Size Area12472.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking12.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,400,000
MLS#SR25060464
List Date 03/19/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
Visit My Website

Similar Properties to 15919 Sherman Way

Compare listings

Compare