15915-15919 Sherman Way

12 Unit Apartment Building $3,460,800 CAD ($288,400 CAD/Unit) 5.41% Cap Rate Van Nuys, CA 91406

INVESTMENT HIGHLIGHTS

  • Potential Rental Upside
  • High Demand Rental Location
  • New Roof in 2023
  • Copper Plumbing
  • Double Lot
  • Individually Metered for Gas & Electric

EXECUTIVE SUMMARY

Discover an exceptional 12-unit multifamily investment in the heart of Van Nuys, offering a highly desirable unit mix of twelve 1-bedroom, 1-bathroom apartments. With strong rental demand in the area, this property presents tremendous rental upside, making it an ideal opportunity for investors looking to maximize long-term returns.
Residents enjoy convenient on-site Carport parking, ensuring hassle-free living in a high-demand rental market. Additional amenities include on-site laundry, enhancing tenant convenience and increasing property desirability. Each unit is individually metered for gas and electricity, providing an efficient and cost-effective management structure for owners. Recent upgrades, such as copper plumbing and a brand-new roof installed in 2023, add significant value and reduce future maintenance concerns.
Situated in a prime Van Nuys location, this property offers unparalleled accessibility. The I-405 Freeway is just moments away, connecting tenants to major employment and entertainment hubs throughout Los Angeles. Additionally, the property is located near Van Nuys Airport, the Van Nuys DMV, and a variety of shopping centers, restaurants, and public transit options, ensuring a highly desirable living experience for tenants.
With a strong rental market and ample upside potential, 15915-19 Sherman Way is a rare opportunity to acquire a well-maintained asset in a thriving neighborhood. Don't miss out on this outstanding investment—contact us today for more information!

PROPERTY FACTS

Price $3,460,800 CAD
Price Per Unit $288,400 CAD
Sale Type Investment
Cap Rate 5.41%
Gross Rent Multiplier 11.6
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.29 AC
Building Size 7,950 SF
Average Occupancy 100%
No. Stories 2
Year Built 1956
Parking Ratio 1.08/1,000 SF
Opportunity Zone Yes

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 12 - 676 - 750
Walk Score®
Very Walkable (72)

PROPERTY TAXES

ZONING

Zoning Code LAR3
  • Listing ID: 35191731

  • Date on Market: 2025-03-19

  • Last Updated:

  • Address: 15915-15919 Sherman Way, Van Nuys, CA 91406