Multifamily
16731 Sherman Way
16731 Sherman Way, Van Nuys, CA 91406
Listing Price: $3,600,000
Cap Rate
5.90%
Number of Units
13
GRM
11.94
Occupancy
97.0%
Price/Unit
$276,923
Price/Gross SF
$317.85
Gross SF
11,326
Investment Overview
16731 Sherman Way, Van Nuys, CA
16731 Sherman Way
Investment Highlights
- Desirable 1986- built property with mostly two bedrooms units One unit delivered vacant
- Assumable loan in the amount of approximately $1,500,000 at 4 ½% interest rate until mid 2026
- Large frontage on a quiet section of Sherman Way Great curb appeal and landscaping
- All units have central heating and air conditioning units All units have individual water heaters – owner only pays for gas for laundry room Copper plumbing Repaved walk-ways
- Ample parking spaces – each unit gets two parking spaces for a total of 26 spots Security cameras installed throughout the property
- Intercom access Gated and secured property
- Possibility of tenants paying their share of water, sewer, trash, and common area electricity bills through implementing the RUBS program
Exclusively Listed By
Financing By
Listing Price: $3,600,000
Cap Rate
5.90%
Number of Units
13
GRM
11.94
Occupancy
97.0%
Price/Unit
$276,923
Price/Gross SF
$317.85
Gross SF
11,326
Investment Highlights
- Desirable 1986- built property with mostly two bedrooms units One unit delivered vacant
- Assumable loan in the amount of approximately $1,500,000 at 4 ½% interest rate until mid 2026
- Large frontage on a quiet section of Sherman Way Great curb appeal and landscaping
- All units have central heating and air conditioning units All units have individual water heaters – owner only pays for gas for laundry room Copper plumbing Repaved walk-ways
- Ample parking spaces – each unit gets two parking spaces for a total of 26 spots Security cameras installed throughout the property
- Intercom access Gated and secured property
- Possibility of tenants paying their share of water, sewer, trash, and common area electricity bills through implementing the RUBS program
Investment Overview
16731 Sherman Way, Van Nuys, CA
Exclusively Listed By
Financing By
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