14041 Sherman Way - Office FOR SALE


Van Nuys, CA 91405
$5,495,000 USD
818-209-3747
14041 Sherman Way, Van Nuys, CA for Sale
$5,495,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

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14041 Sherman Way
Van Nuys, CA 91405


HIGHLIGHTS

  • Large Lot
  • Prime Location
  • Approved Plans for 82 Units
  • Ground-level parking with no subterranean levels

OVERVIEW

Unlock the potential of this prime commercial offering with RTI permits for an 82 unit affordable housing project. Situated on a 16,542 square foot lot, the approved plans include 20 studio units and 62 one bedroom units, each ranging from 430 to 600 square feet. This layout is designed to maximize both functionality and affordability. The project also includes 23 parking spaces, providing convenience and added value for future residents. With all permits ready to go and a fully entitled design, this is a shovel ready opportunity for immediate development. An exceptional investment opportunity for developers, nonprofits, or housing authorities looking to bring a meaningful, income-generating project to market.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$3,330 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,531 SF

ZONING

LAP

APN/PARCEL ID

2216-002-035,2216-002-049,2216-002-050

ASK ABOUT THIS PROPERTY

Tina DamadyanJohnHart Real Estate Inc.More Info
818-209-3747

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Tina DamadyanJohnHart Real Estate Inc.More Info
818-209-3747

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.