16
See all 16 photos
$2,400,000
Est. payment /mo
New
15919 Sherman WAY Van Nuys, CA 91406
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25060464
Originating Board California Regional MLS
Year Built 1956
Lot Size 0.286 Acres
Property Description
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 marke
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 2206036003
Special Listing Condition Not Applicable
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Listed by James Antonucci • Keller Williams Realty-Studio City