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13925 Sherman Way
Van Nuys, CA 91405
Const. in 1987 | 5.20% CAP Rate & 12.39 GRM · Multifamily Property For Sale
·
30 Units
Investment Highlights
- Not Subject to Los Angeles Rent Control – Constructed in 1987
- Marketed for Sale for First Time by the Original Developer
- Walking Distance to Upcoming Light Rail Transit Station
- Larger Annual Rent Increases Allow Owner to More Quickly Maximize Cash Flow
- Attractive 5.20% CAP Rate and 12.39 GRM Compared to Recent Comparable Sales
- Not on LADBS Seismic Retrofit List (Buyer toVerify)
Property Facts
| No. Units | 30 | Lot Size | 0.55 AC |
| Property Type | Multifamily | Building Size | 28,599 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 28,599 SF |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Laundry Facilities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,547 | 450 |
| 1+1 | 15 | $1,681 | 700 |
| 2+2 | 13 | $2,205 | 1,200 |
Property Taxes
| Parcel Number | 2216-005-043 | Improvements Assessment | $3,299,700 |
| Land Assessment | $4,952,100 | Total Assessment | $8,251,800 |
Property Taxes
Parcel Number
2216-005-043
Land Assessment
$4,952,100
Improvements Assessment
$3,299,700
Total Assessment
$8,251,800
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