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20405-20417 Sherman Way
Los Angeles, CA 91306
Shermanair Apartments · Multifamily Property For Sale
·
82 Units
Investment Highlights
- Compelling Value-Add Opportunity: Ability to increase gross rent collections by approx. ~40% over in-place rents upon unit turnover.
- Implement a RUBS Program: Astute operators can implement a RUBS program to recapture the cost of Water, Sewer, and Trash upon turnover.
- Resilient Cash-Flow: Current Rents avg. $1,400/unit offering substantial upside upon unit turnover
- Ability to potentially add Accessory Dwelling Unit (ADU) -- Buyer to verify.
Property Facts
| No. Units | 82 | Lot Size | 1.71 AC |
| Property Type | Multifamily | Building Size | 74,187 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.01/1,000 SF |
| Zoning | R3 | ||
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.71 AC |
| Building Size | 74,187 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Kitchen
- Refrigerator
- Range
- Walk-In Closets
- Freezer
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Gated
- Gas Range
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 60 | - | - |
| 3+2 | 6 | - | - |
| 1+1 | 13 | - | - |
| Studios | 2 | - | - |
| 3+3 | 1 | - | - |
Property Taxes
| Parcel Number | 2114-017-020 | Improvements Assessment | $14,453,652 |
| Land Assessment | $5,921,540 | Total Assessment | $20,375,192 |
Property Taxes
Parcel Number
2114-017-020
Land Assessment
$5,921,540
Improvements Assessment
$14,453,652
Total Assessment
$20,375,192
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