14921 Sherman Way, Van Nuys
Van Nuys Home For Sale
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
Property Details
Additional Information
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- City:
- Van Nuys
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- County:
- Los Angeles
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- Zip:
- 91405
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- MLS® #:
- 24350843
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- Bedrooms:
- 3
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- Bathrooms:
- 3
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- Square Ft:
- 26,760
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- Lot Size:
- 0.68
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 14921 Sherman Way, Van Nuys, (MLS® #24350843)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $7,000,000) | $6,500,000 | $500,000 (7.14%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 28th, 2024 at 3:51pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.