16731 Sherman Way - Apartments FOR SALE


Van Nuys, CA 91406- Lake Balboa
$3,600,000 USD
310-245-5600
16731 Sherman Way, Van Nuys, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/13
null | 5.9% Cap Rate

16731 Sherman Way
Van Nuys, CA 91406
Lake Balboa


OVERVIEW

INVESTMENT HIGHLIGHTS Desirable 1986- built property with mostly two bedrooms units One unit delivered vacant Assumable loan in the amount of approximately $1,500,000 at 4.48% interest rate until mid 2026 Large frontage on a quiet section of Sherman Way Great curb appeal and landscaping All units have central heating and air conditioning units All units have individual water heaters – owner only pays for gas for laundry room Copper plumbing Repaved walk-ways Ample parking spaces – each unit gets two parking spaces for a total of 26 spots Security cameras installed throughout the property Intercom access Gated and secured property Possibility of tenants paying their share of water, sewer, trash, and common area electricity bills through implementing the RUBS program

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

13

PRICE/UNIT

$276,923

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1986 Built, 5.9% Cap, Assumable loan

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,637 SF

ZONING

LARD1.5

APN/PARCEL ID

2226-018-020

ASK ABOUT THIS PROPERTY

Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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