$3,250,000

16731 Sherman Way, Van Nuys CA, 91406

Price per sqft$286.95

Built in1986

Property size11,326 sqft

Property typeResidential

Bought with Casey Picard with Keller Williams Realty and Listed by Jeanette Monfared CA DRE# 00765098 with Marcus & Millichap 818-212-2752

Overview

Sold

Closed

Listed Jun 11, 2025

Updated Aug 25

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.

Additional information

MLS^® ID: 25551363

Interior Features

Bedrooms: 22
Bathrooms: 14
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.24 Acres

Other Property Details

55+/Senior Community: No

Bought with Casey Picard with Keller Williams Realty and Listed by Jeanette Monfared CA DRE# 00765098 with Marcus & Millichap 818-212-2752

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:08 AM UTC Last Checked: 1:08 AM UTC