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Under 10 GRM! Great Deal! 11329 Sherman Way 28 Unit Apartment Building $3,500,000 ($125,000/Unit) 5.37% Cap Rate Sun Valley, CA 91352
INVESTMENT HIGHLIGHTS
- Recently upgraded with new windows, copper plumbing, stone siding, and fresh exterior paint
- Secure gated entry for enhanced tenant security
- 7211 Bakman Avenue offers (3) - 1 Bed / 1 Bath and (1) - 2 Bed / 2 Bath Single Family Residence
- ±50% upside in rental potential
- 11329 Sherman Way offers (8) - Bachelors, (9) - Studios, and (7) - 1 Bed / 1 Bath units. 16 of the 24 units are master metered for gas and electric.
- On-site laundry facilities for tenant convenience
EXECUTIVE SUMMARY
Introducing a rare investment opportunity featuring two upgraded multifamily properties in the heart of Sun Valley. This portfolio consists of a 24-unit apartment complex at 11329 Sherman Way and a 4-unit property at 7211 Bakman Avenue, offering a total of 28 adjacent rental units with significant value-add potential and an approximate 50% rental upside. The assets have been upgraded with new windows, stone siding, and fresh exterior paint. Furthermore, each building offers copper plumbing (Buyer to verify). 11329 Sherman Way offers (8) - bachelors, (9)- Studios, and (7) - 1 bed / 1 bath units. 16 of the 24 units are master metered for gas and electric. 7211 Bakman Avenue offers (3) - 1 bed / 1 bath and (1) - 2 bed / 2 bath single family residencies. There are 4 designated parking spaces.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.37% | Building Size | 11,351 SF |
| Gross Rent Multiplier | 9.81 | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.94/1,000 SF |
| Zoning | LAR3 - Multi Family Dwelling | ||
| Price | $3,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Gross Rent Multiplier | 9.81 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 11,351 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | LAR3 - Multi Family Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 17 | - | 225 - 300 |
| 1+1 | 10 | - | 450 |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 2315-022-010 | Improvements Assessment | $474,093 (2025) |
| Land Assessment | $1,046,710 (2025) | Total Assessment | $1,520,803 (2025) |
PROPERTY TAXES
Parcel Number
2315-022-010
Land Assessment
$1,046,710 (2025)
Improvements Assessment
$474,093 (2025)
Total Assessment
$1,520,803 (2025)
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Under 10 GRM! Great Deal! | 11329 Sherman Way
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