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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,295,000

Est. payment - /mo

22 Beds

14 Baths

11,326 SqFt

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UPDATED:

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

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Listed by Jeanette Monfared Marcus & Millichap

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16731 Sherman WAY Van Nuys, CA 91406