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!
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 |
1 of 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $635,033 CAD | |
Land Assessment | $317,495 CAD | Total Assessment | $952,528 CAD |
ZONING
Zoning Code | LAR3 |