Search
14921 Sherman Way, Van Nuys, CA 91405
Image 2 for 14921 Sherman Way, Van Nuys, CA 91405
Image 3 for 14921 Sherman Way, Van Nuys, CA 91405
View Photos

14921 Sherman Way Van Nuys, CA 91405

$6,500,000
  • 50 Beds
  • 50 Baths
  • 26,760 Sq.Ft.
For Sale
$6,500,000 Get Pre-Qualified
Map preview of 14921 Sherman Way, Van Nuys, CA 91405

Property Overview: 14921 Sherman Way Van Nuys, CA has 50 bedrooms, 50 bathrooms, 26,760 living square feet and 29,604 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 14 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 117
Get a $19,500 Cash Reward New

Buy this home with Ardent Real Estate Group and get $19,500 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
29,604
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24350843
City
Van Nuys
County
Los Angeles
Time on Site
117 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 32
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,124
  • Total Rent: $15,746
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 18
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,510
  • Total Rent: $27,188
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 13.45
  • Gross Scheduled Income: --
  • Net Operating Income: $279,990
  • Gross Operating Income: $509,968
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 14921 Sherman Way

No upcoming open houses

Schedule Tour

Property Details for 14921 Sherman Way

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: In Ground, Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 34
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 32
  • Parcel Number: 2221021018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Vanowen, South of Saticoy; East of Van Nuys Blvd, West of Sepulveda Blvd
View more facts & features

Local Van Nuys Agent

Sale History for 14921 Sherman Way

View property's historical transactions

  • January, 2024

  • Jan 23, 2024

    Date

    Active

    CRMLS: 24350843

    $7,000,000

    Price

Tax History for 14921 Sherman Way

Assessed Value (2020): $731,467
Year Land Value Improved Value Assessed Value
2020 $185,599 $545,868 $731,467

Home Value Compared to the Market

This property vs the competition

14921 Sherman Way is listed 639.48% higher than the median list price for the city of Van Nuys which has a median list price of $879,000. The median price per/sqft for Van Nuys is $566 and this home is listed at $242.9 per/sqft which puts the price per square foot 57.08% lower than the median price per square foot for the city of Van Nuys.

About 14921 Sherman Way

Detailed summary of property

14921 Sherman Way is a multi family located in Van Nuys, CA 91405 and is currently for sale. This multi family property offers 50 bedrooms, 50 bathrooms, roughly 26,760 living square feet, and sits on an approximately 29,604 square foot lot. 14921 Sherman Way was first listed on ArdentRealEstateGroup.com on January 23, 2024. The homeowner is currently asking $6,500,000 and was originally asking $7,000,000. The median priced home in Van Nuys is $879,000 with a median price per square foot of $566. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is listed 639.48% higher than the median priced home. Local competing homes currently for sale include 211 S Poinsettia Pl, 1975 S Corning St and 1747 N Kingsley Dr. While the average home in Van Nuys, CA is selling in 59 days, 14921 Sherman Way has a days on market of 117 days. There are currently 102 homes for sale in the Van Nuys real estate market and 76 of them are single family homes while 18 of them are condos and 8 are townhomes. For more information on this home for sale at 14921 Sherman Way Van Nuys, CA 91405 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 14921 Sherman Way

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
26,760
Lot Size
29,594
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
483
APN
2221-021-018

The source for these homes facts are from public records.

91405 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$523
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$491
Total Inventory
33
Median Sale to List Price %
102.63%
Avg Days on Market
17
Loan Type
Conventional (25%), FHA (8.33%), VA (0%), Cash (0%), Other (16.67%)

Tour This Home

Buy with Ardent Real Estate Group and save $19,500.

Image Description
Contact Jon
Van Nuys Agent
Call, Text or Message
(714) 706-1823
Get a $19,500 Cash Reward New

Buy this home with Ardent Real Estate Group and get $19,500 back.

Call/Text (714) 706-1823

Homes for Sale Near 14921 Sherman Way

Nearby Homes for Sale

13907 Vanowen St, Los Angeles, CA 91405
$5,300,000
22 Beds
25 Baths
15377 Sq.Ft.
13907 Vanowen St
Los Angeles, CA 91405
9025 W 3rd St, Los Angeles, CA 90048
$5,250,000
16 Beds
17 Baths
11064 Sq.Ft.
9025 W 3rd St
Los Angeles, CA 90048
1439 N Curson Ave, Los Angeles, CA 90046
$6,400,000
4 Beds
20 Baths
10732 Sq.Ft.
1439 N Curson Ave
Los Angeles, CA 90046
1627 N Poinsettia Pl, Los Angeles, CA 90046
$5,495,000
22 Beds
24 Baths
14817 Sq.Ft.
1627 N Poinsettia Pl
Los Angeles, CA 90046
11920 Montana Ave, Los Angeles, CA 90049
$6,500,000
21 Beds
19 Baths
13244 Sq.Ft.
11920 Montana Ave
Los Angeles, CA 90049
1600 Camden Ave, Los Angeles, CA 90025
$6,000,000
16 Beds
16 Baths
9918 Sq.Ft.
1600 Camden Ave
Los Angeles, CA 90025
7815 Melrose Ave, Los Angeles, CA 90046
$5,950,000
0 Beds
1 Baths
5506 Sq.Ft.
7815 Melrose Ave
Los Angeles, CA 90046
1908 Hillcrest Rd, Los Angeles, CA 90068
$5,500,000
12 Beds
11 Baths
6985 Sq.Ft.
1908 Hillcrest Rd
Los Angeles, CA 90068

Recently Sold Homes Near 14921 Sherman Way

15436 Vanowen St, Los Angeles, CA 91406
$3,120,000 Last Sold Price
24 Beds
16 Baths
11954 Sq.Ft.
15436 Vanowen St
Los Angeles, CA 91406
14217 Vanowen St, Los Angeles, CA 91405
$1,300,000 Last Sold Price
10 Beds
6 Baths
4790 Sq.Ft.
14217 Vanowen St
Los Angeles, CA 91405
14019 Vanowen St, Los Angeles, CA 91405
$2,690,000 Last Sold Price
16 Beds
14 Baths
-- Sq.Ft.
14019 Vanowen St
Los Angeles, CA 91405
8445 Willis, Los Angeles, CA 91402
$1,488,000 Last Sold Price
12 Beds
8 Baths
5068 Sq.Ft.
8445 Willis
Los Angeles, CA 91402

Related Resources to 14921 Sherman Way

New Listings in 91405
Popular Zip Codes
Popular Cities
Other Van Nuys Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

Call