Multifamily
11329 Sherman Way & 7209 Bakman Ave
11329 Sherman Way, Los Angeles, CA 91352
Listing Price: $3,250,000
Investment Overview
Marcus & Millichap is pleased to present 11329 Sherman Way & 7209 Bakman Avenue, a 28-unit multifamily investment opportunity in Sun Valley, California. The offering consists of two adjacent fee-simple parcels totaling approximately 11,351 SF of improvements on 25,278 SF of land, with 22 parking spaces and a diversified unit mix of (9) bachelor units, (8) studios, (10) one-bedroom units, and (1) two-bedroom/two-bath unit. The property offers approximately 40% rental upside, while ownership has completed major improvements including copper plumbing, new windows, stone siding, exterior paint, and gated entry.
Exclusively Listed By
Listing Price: $3,250,000
Investment Highlights
- Strong In-Place Cash Flow with Massive Upside
- Two Adjacent Properties
- Diversified Unit Mix
- Major Capital Improvements Completed
- Ample On-Site Parking
- On-Site Laundry Facilities
- Convenient, Amenity-Rich Location
Investment Overview
Marcus & Millichap is pleased to present 11329 Sherman Way & 7209 Bakman Avenue, a 28-unit multifamily investment opportunity in Sun Valley, California. The offering consists of two adjacent fee-simple parcels totaling approximately 11,351 SF of improvements on 25,278 SF of land, with 22 parking spaces and a diversified unit mix of (9) bachelor units, (8) studios, (10) one-bedroom units, and (1) two-bedroom/two-bath unit. The property offers approximately 40% rental upside, while ownership has completed major improvements including copper plumbing, new windows, stone siding, exterior paint, and gated entry.
Exclusively Listed By
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