14011 Sherman Way Van Nuys, CA $ 2,995,000
14011 Sherman Way
$ 2,995,000
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14011 Sherman Way

Van Nuys, CA, 91405
$ 2,995,000
Bedrooms17 Baths5.0 Sq 9,326

Monthly Estimate*

$ 20,921

Listed by Keller Williams Realty-Studio City
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Multi-Family Home for sale in Van Nuys, CA

for $2,995,000 with 17 bedrooms and 5 full baths. This 9,326 square foot home was built in 1963 on a lot size of 0.284.

Welcome to 14011 Sherman Way, a well-positioned 13-unit apartment building located in the heart of Van Nuys, California. This property offers a diverse selection of units designed to suit various lifestyles and needs. What sets this property apart is the unique opportunity for owner financing at attractive terms. Take advantage of owner financing at 5% interest for 5 years, with a $1,350,000.00 downpayment, making this investment more accessible and appealing for potential buyers. Located in Van Nuys, this property enjoys proximity to local amenities, schools, parks, and major transportation routes, making it an attractive choice for renters and investors alike. Whether you're looking to expand your investment portfolio or secure a stable income-generating property, 14011 Sherman Way offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don't miss out on this chance to own a valuable piece of Van Nuys real estate. Schedule your private showing and explore the potential of this impressive apartment building. The Unit Mix is (1) One-Studio, (7) Seven One Bedroom and One Bath Units, (4) Four Two Bedroom and One Bath Units, and (1) Two Bedroom and Two Bath Units. Each unit features contemporary interiors with well-appointed kitchens, inviting living areas, and comfortable bedrooms. Residents will appreciate the convenience of on-site laundry facilities and dedicated parking spaces.

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Multi-Family Active

Price

$ 2,995,000

Bedrooms

17

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.284

Year Built

1963

Town/City

Van Nuys

County/Region

Los Angeles

MLS | Web ID

SR24083316

Days on Market

13

Features
General
Sewer PublicSewer
Heating Solar
Zoning LAR3
Garage Spaces 0.0
Pool Features Community
Year Built 1963
Stories 2
Levels Two
Property SubType Apartment
Gross Income 241874.0
Community Features StreetLights Urban Pool
County Los Angeles
Net Operating Income 148627.0
Operating Expense 85990.0
Insurance Expense 9328.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Located between Hazeltine and Woodman Ave on Sherman Way
City Van Nuys
Entry Location 2
View Y/N N
Senior Community Y/N N
Total Units 13
MLS Area VN - Van Nuys
Lot Size Square Feet 12370.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Sherman
Listing Terms Cash CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 6120.0
Home Warranty Y/N N
Fuel Expense 6120.0
Trash Expense 4680.0
Water Sewer Expense 6120.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Other
Tax Lot 223
Property Sub Type Additional Apartment
Cap Rate 4.96
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Exterior
Lot Features Item1115UnitsAcre
Water Source Public
Total Parking 0.0
Lot Size Area 12370.0
Number of Buildings 1
Spa N
Building Area Total 9326.0
Lot Size Acres 0.284
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Way
Laundry Features CommonArea
Entry Level 2
Electric On Property Y/N N
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Internal Only
Street Number 1 14011
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* Excluded Features
List By
Keller Williams Realty-Studio City

Broker

(818) 432-1513

Phone

Affordability Calculator

$20,921
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,921
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/26/2024$2,995,000 Listed Price

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14011 Sherman Way, Van Nuys, CA, 91405 is a Multi-Family Home for sale at $2,995,000 with 9,326 sqft and a lot size of 0.284. 14011 Sherman Way has 17 bedrooms, 5.0 baths, and was built in 1963. The property's zip code is 91405 which is in Van Nuys, CA