16731 Sherman WAY Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91406
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 11,326 sqft
Price per Sqft $290
MLS Listing ID 25551363
Bedrooms 22
HOA Y/N No
Year Built 1986
Lot Size 10,641 Sqft
Property Description
INVESTMENT HIGHLIGHTS: 6.54% Cap as of August 2025. 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 plumbingRepaved 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.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Controlled Entrance,Covered,Gated,Community Structure
Total Parking Spaces 26
Building
Story 1
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2226018020
Special Listing Condition Standard