Log In/Sign Up
Your email has been sent.
7209 BAKMAN AVE & 11329 SHERMAN WAY 11329 Sherman Way 28 Unit Apartment Building $3,495,000 ($124,821/Unit) 5.39% Cap Rate Sun Valley, CA 91352
Investment Highlights
- Strong In-Place Cash Flow with Massive Upside: The opportunity generates a ~5.4% in-place cap rate with a clear value-add path to a ~9.4% proforma cap
- Diversified Unit Mix: The portfolio consists of (9) bachelor units, (8) studios, (10) one-bedroom /one-bath units, and (1) two-bedroom /two-bath unit
- Ample On-Site Parking: Large surface parking lot provides abundant resident parking
- Two Adjacent Properties: Totaling 28 units, including a separately parceled fourplex, allows for shared management efficiencies
- Major Capital Improvements Completed: Ownership has recently completed key exterior and system upgrades, including copper plumbing, new windows, +
- On-Site Laundry Facilities: Centralized on-site laundry room provides a convenient resident amenity while generating supplemental income for ownership
Executive Summary
11329 Sherman Way and 7209 Bakman Avenue present a 28-unit multifamily investment opportunity comprised of two adjacent parcels in the Sun Valley neighborhood of Los Angeles. The offering includes a separately parceled fourplex, allowing for operational efficiencies through shared management while maintaining long-term flexibility for financing, refinancing, or potential future disposition strategies. Built in 1955–1956, the property totals approximately 11,351 square feet on a combined 25,278 square foot lot and features a diversified unit mix of bachelor, studio, one-bedroom, and two-bedroom units, supporting broad tenant demand and stable occupancy.
The asset offers strong in-place income with a clear value-add opportunity through mark-to-market rent growth and operational improvements, providing investors the ability to enhance cash flow over time. Recent capital improvements—including copper plumbing, new windows, stone siding, fresh exterior paint, and gated entry—help reduce near-term capital expenditures while positioning the property for long-term ownership.
Located in the eastern San Fernando Valley, the property benefits from convenient access to Burbank, North Hollywood, and major transportation corridors including Interstate 5 and State Route 170, as well as proximity to Hollywood Burbank Airport and surrounding employment centers. This strategic location supports consistent rental demand driven by the region’s workforce and growing residential population.
The asset offers strong in-place income with a clear value-add opportunity through mark-to-market rent growth and operational improvements, providing investors the ability to enhance cash flow over time. Recent capital improvements—including copper plumbing, new windows, stone siding, fresh exterior paint, and gated entry—help reduce near-term capital expenditures while positioning the property for long-term ownership.
Located in the eastern San Fernando Valley, the property benefits from convenient access to Burbank, North Hollywood, and major transportation corridors including Interstate 5 and State Route 170, as well as proximity to Hollywood Burbank Airport and surrounding employment centers. This strategic location supports consistent rental demand driven by the region’s workforce and growing residential population.
Financial Summary (Actual - 2025) 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 - 2025) 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 | $3,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $124,821 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.39% | Building Size | 11,351 SF |
| Gross Rent Multiplier | 9.64 | Average Occupancy | 96% |
| 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 | $3,495,000 |
| Price Per Unit | $124,821 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 9.64 |
| 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 | 96% |
| 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 | - | 675 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $609,542 | |
| Land Assessment | $1,391,504 | Total Assessment | $2,001,046 |
Property Taxes
Parcel Numbers
Land Assessment
$1,391,504
Improvements Assessment
$609,542
Total Assessment
$2,001,046
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
7209 BAKMAN AVE & 11329 SHERMAN WAY | 11329 Sherman Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.