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
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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.