$3,600,000
22 Bed
14 Bath
11,326
0.24 Acre Lot

16731 Sherman Way, Van Nuys, California 91406

  • Residential Income Property Type
  • 11,326 Square Footage
  • Gated Cars Garage
  • 1986 Year Built
Property Description

INVESTMENT HIGHLIGHTS: 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.

Basic Details
Residential Income
For Sale
25538183
$3,600,000
22
14
11,326
1986
0.24 Acre
Active
Features
: Central
: Central Air
: Gated, Controlled Entrance, Covered, Community Structure
$0
Address Map
CA
Los Angeles
Van Nuys
91406
Sherman
16731
Way
W119° 30' 9''
N34° 12' 5.4''
Sherman Way at Balboa Boulevard, Lake Balboa
LKBL - Lake Balboa
LARD1.5
Additional Information
$0
$0
$0
$0
$0
11326
: Multi/Split
76x120
13
2025-05-12
1
Broker/Agent Information
Marcus & Millichap
Jeanette Monfared
Listing Information
CLW-X20435
CLW-X75151
Active
2025-05-13T18:45:31Z
CRMLS
: Standard
2025-05-12T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069