Van Nuys, CA 91405 14011 Sherman Way

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Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601
  • MLS# SR24083316
  • 04/25/2024
  • Request Tour
  • Request Info
  • BedBeds • 17
  • BathBaths • 5
  • FootageSQFT • 9,326

Home Details

Welcome to 14011 Sherman Way, a well-positioned 13-unit apartment building located in the heart of Van Nuys, California. This property offers a diverse selection of units designed to suit various lifestyles and needs. What sets this property apart is the unique opportunity for owner financing at attractive terms. Take advantage of owner financing at 5% interest for 5 years, with a $1,350,000.00 downpayment, making this investment more accessible and appealing for potential buyers. Located in Van Nuys, this property enjoys proximity to local amenities, schools, parks, and major transportation routes, making it an attractive choice for renters and investors alike. Whether you're looking to expand your investment portfolio or secure a stable income-generating property, 14011 Sherman Way offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don't miss out on this chance to own a valuable piece of Van Nuys real estate. Schedule your private showing and explore the potential of this impressive apartment building. The Unit Mix is (1) One-Studio, (7) Seven One Bedroom and One Bath Units, (4) Four Two Bedroom and One Bath Units, and (1) Two Bedroom and Two Bath Units. Each unit features contemporary interiors with well-appointed kitchens, inviting living areas, and comfortable bedrooms. Residents will appreciate the convenience of on-site laundry facilities and dedicated parking spaces.
Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601

Interior Features for 14011 Sherman Way

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixWay
Total Stories2

Other Rooms

Entry Level2

General for 14011 Sherman Way

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.96
Carport Y/NNo
CityVan Nuys
Community FeaturesStreetLights, Urban, Pool
CountyLos Angeles
Days on Market
DirectionsLocated between Hazeltine and Woodman Ave on Sherman Way
Electric Expense6120.0
Entry Location2
Fuel Expense6120.0
Garage Spaces0.0
Garage Y/NNo
Gross Income241874.0
HOA / Comm AssnNo
HeatingSolar
Home Warranty Y/NNo
Insurance Expense9328.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet12370.0
MLS AreaVN - Van Nuys
MobileHomeRemainsYNNo
Net Operating Income148627.0
New ConstructionNo
Operating Expense85990.0
Pool FeaturesCommunity
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameSherman
Tax Lot223
Total Units13
Trash Expense4680.0
View Y/NNo
Water Sewer Expense6120.0
Waterfront Y/NNo
Year Built1963
Year Built SourceOther
ZoningLAR3

Exterior for 14011 Sherman Way

Building Area Total9326.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1115UnitsAcre
Lot Size Acres0.284
Lot Size Area12370.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,995,000
MLS#SR24083316
List Date 04/25/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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