11329 Sherman Way
Sun Valley, CA 91352
7209 BAKMAN AVE & 11329 SHERMAN WAY · Multifamily Property For Sale · 28 Units

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.