14223 Sherman Way

Van Nuys, CA 91405

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$775,000

4.83%

12.45

4,124

6,495

1954

6

$129,167

$188

Deal Highlights
  • All Cash Buyer

  • Multiple Offers

  • Three Week Close

Asset Highlights
  • Significant Upside in Rents

  • Copper Plumbing

  • Onsite Parking Gated Parking

  • Dense Rental Pocket of Van Nuys

Property Description

The subject property is located 14223 Sherman Way in between Van Nuys Boulevard and Hazeltine Avenue in the city of Van Nuys. This investment opportunity is a six-unit apartment complex located within a strong rental pocket of Van Nuys.

 

This well maintained and operated rent controlled building was built in 1954. The plumbing is copper and the roof is pitched. The building consists of six one-bedroom/one-bath units.

 

The subject property is within walking distance to local eateries and shopping centers as well as within minutes of the 405 and 101 Freeways. Public transportation is available at the Van Nuys Boulevard Orange Line station, just a short walk west of the property.

THE FRYDMAN GROUP

Commercial Real Estate

Meir Mark Frydman

Managing Director

National Multi Housing Group

National Land Group

  • LinkedIn - White Circle
CONTACT

2701 Ocean Park Blvd#140

Santa Monica, CA 90405

Direct: (310)300-4844

Fax: (818)975-5319

Email: info@frydmangroup.com

www.FrydmanGroup.com

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