14921 Sherman Way
Van Nuys, CA 91405
50 Beds
50 Baths
26,760 Sq Ft
241 Days on Market
For Sale $6,500,000
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Courtesy of David Ballin Kaufman

Listing Agent & Comments

David KaufmanDavid Ballin Kaufman
818-464-3212David@TamarackRES.com License #01217537
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

MLS# 24350843 • Data provided by CRMLS
Additional home details
Living Area26,760 Sq.Ft.
Lot Size0.7 Acres
Total Rooms--
Bedrooms50
Bathrooms50
Stories2
Year Built1964
Property TypeMulti Family
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$127,977
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$6,039,250
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Comparable properties, rental estimate, and sale history
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HouseCanary, Inc. Brokerage

14921 Sherman Way, Van Nuys, CA 91405

Multi Family
50 Beds
50 Baths
26,760 Sq Ft
241 Days on Market

Listing Agent & Comments

David KaufmanDavid Ballin Kaufman
818-464-3212David@TamarackRES.com License #01217537
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

MLS# 24350843 • Data provided by CRMLS
Additional home details
Living Area26,760 Sq.Ft.
Lot Size0.7 Acres
Total Rooms--
Bedrooms50
Bathrooms50
Stories2
Year Built1964
Property TypeMulti Family
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$127,977
Property in Flood Zone--
We’ll connect you with top agents in your area.
Missing property details data
This property is missing data for:
Comparable properties, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $6,500,000
Request tour
Save
Courtesy of David Ballin Kaufman
14921 Sherman Way
Van Nuys, CA 91405
50 Beds
50 Baths
26,760 Sq Ft
241 Days on Market

Listing Agent & Comments

David KaufmanDavid Ballin Kaufman
818-464-3212David@TamarackRES.com License #01217537
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

MLS# 24350843 • Data provided by CRMLS
Additional home details
Living Area26,760 Sq.Ft.
Lot Size0.7 Acres
Total Rooms--
Bedrooms50
Bathrooms50
Stories2
Year Built1964
Property TypeMulti Family
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$127,977
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$6,039,250
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Comparable properties, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $6,500,000
Request tour
Save
Courtesy of David Ballin Kaufman