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Multifamily

11137 Sherman Way

11137 Sherman Way, Los Angeles, CA 91352

Listing Price: $1,075,000

Cap Rate
4.62%
Number of Units
4
GRM
14.70
Occupancy
97.0%
Price/Unit
$268,750
Price/Gross SF
$325.76
Gross SF
3,300

Investment Overview

Pristine 4-unit apartment complex with a much desired unit mix of all two bedrooms and 100% rent collection listed for sale in the Sun Valley submarket of the San Fernando Valley.
The subject property has been enhanced with copper plumbing and some unit upgrades and is located within an easy commute to employment bases of Burbank, Glendale, and Downtown Los Angeles.

Enjoy a 30-year fixed mortgage at current low rates for stability and income in the coming years. No Seismic retrofit needed. Three apartments are rented to Section 8 housing with upside in rents.

Investment Highlights

  • All tenants are paying rent and are current
  • Copper plumbing
  • No Seismic retrofit required
  • Large units averaging 825 square feet
  • Considerable rental upside
  • Desirable unit mix of all 2+1 units

Exclusively Listed By

Listing Price: $1,075,000

Cap Rate
4.62%
Number of Units
4
GRM
14.70
Occupancy
97.0%
Price/Unit
$268,750
Price/Gross SF
$325.76
Gross SF
3,300

Investment Highlights

  • All tenants are paying rent and are current
  • Copper plumbing
  • No Seismic retrofit required
  • Large units averaging 825 square feet
  • Considerable rental upside
  • Desirable unit mix of all 2+1 units

Investment Overview

Pristine 4-unit apartment complex with a much desired unit mix of all two bedrooms and 100% rent collection listed for sale in the Sun Valley submarket of the San Fernando Valley.
The subject property has been enhanced with copper plumbing and some unit upgrades and is located within an easy commute to employment bases of Burbank, Glendale, and Downtown Los Angeles.

Enjoy a 30-year fixed mortgage at current low rates for stability and income in the coming years. No Seismic retrofit needed. Three apartments are rented to Section 8 housing with upside in rents.

Exclusively Listed By

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