16731 Sherman Way, Van Nuys, CA 91406
- $3,250,000
- 22
- BD
- 14
- BA
- 11,326
- SqFt
List Agent Jeanette Monfared () 818-212-2752 Marcus & Millichap; CoList () Courtesy of Selling Office: Keller Williams Realty, Casey Picard - Selling Agent DRE# and Courtesy of Listing Office Marcus & Millichap, Jeanette Monfared - Agent DRE#
- Sold Price
- $3,250,000
- List Price
- $3,295,000
- Closing Date
- Sep 12, 2025
- Status
- CLOSED
- MLS#
- 25551363
- Year Built
- 1986
- Bedrooms
- 22
- Bathrooms
- 14
- Living Sq. Ft
- 11,326
- Lot Size
- 10,642
- Days on Market
- 26
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
INVESTMENT HIGHLIGHTS: 6.54% Cap as of August 2025. Desirable 1986- built property with mostly two bedrooms units; One unit delivered vacant; Assumable loan in the amount of approximately $1,500,000 at 4 48 % interest rate until mid 2026; Large frontage on a quiet section of Sherman Way; Great curb appeal and landscaping; All units have central heating and air conditioning units; All units have individual water heaters, owner only pays for gas for laundry room; Copper plumbingRepaved walk-ways; Ample parking spaces, each unit gets two parking spaces for a total of 26 spots; Security cameras installed throughout the property; Intercom access; Gated and secured property; Possibility of tenants paying their share of water, sewer, trash, and common area electricity bills through implementing the RUBS program.
/u.realgeeks.media/ornaered/Elite-Residential-Realty-transparent.png){kind=spacer}
Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.