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Multifamily

14150 Sherman Way

14150 Sherman Way, Van Nuys, CA 91405

Listing Price: $2,600,000

Cap Rate
5.22%
Number of Units
11
GRM
8.63
Occupancy
100.0%
Price/Unit
$236,364
Price/Gross SF
$254.88
Gross SF
10,201

Investment Overview

Upgraded Property in Desirable Van Nuys Location featuring Large Units, great unit mix of mostly 2 Bedroom Units with Balconies. Electrical and Plumbing Upgrades. Seismic Retrofit Completed. Strong Current Income with Considerable Upside in Rents. Easy Access to Employment and Entertainment Facilities of Burbank, Downtown Los Angeles and the Westside Via Multiple transportation facilities located nearby.

Investment Highlights

  • Upgraded property with Copper Plumbing, All New Electrical Panels and Retrofit Completed Seismic Retrofit Completed
  • Large Units with Balconies Eleven-Unit Building Measuring 10,201 square feet of Space Desirable Unit Mix of Mostly 2 Bedroom units
  • Property Gated and Fenced for Privacy All Electrical Panels including House Panel Replaced Recently Copper Plumbing On-Site Laundry facilities- No Laundry Lease
  • 5.22% Current Cap Rate with Much Upside in Future Rents

Exclusively Listed By

Financing By

Multifamily

14150 Sherman Way

Listing Price: $2,600,000

Cap Rate
5.22%
Number of Units
11
GRM
8.63
Occupancy
100.0%
Price/Unit
$236,364
Price/Gross SF
$254.88
Gross SF
10,201

Investment Highlights

  • Upgraded property with Copper Plumbing, All New Electrical Panels and Retrofit Completed Seismic Retrofit Completed
  • Large Units with Balconies Eleven-Unit Building Measuring 10,201 square feet of Space Desirable Unit Mix of Mostly 2 Bedroom units
  • Property Gated and Fenced for Privacy All Electrical Panels including House Panel Replaced Recently Copper Plumbing On-Site Laundry facilities- No Laundry Lease
  • 5.22% Current Cap Rate with Much Upside in Future Rents

Investment Overview

Upgraded Property in Desirable Van Nuys Location featuring Large Units, great unit mix of mostly 2 Bedroom Units with Balconies. Electrical and Plumbing Upgrades. Seismic Retrofit Completed. Strong Current Income with Considerable Upside in Rents. Easy Access to Employment and Entertainment Facilities of Burbank, Downtown Los Angeles and the Westside Via Multiple transportation facilities located nearby.

Exclusively Listed By

Financing By

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