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(323) 864-4211
Linda Roth Burrell
13915 Sherman Way, Van Nuys, CA 91405
- $3,400,000
- 27
- BD
- 33
- BA
- 16,144
- SqFt
- Sold Price
- $3,400,000
- List Price
- $3,750,000
- Closing Date
- Aug 28, 2026
- MLS#
- 26776423
- Year Built
- 1989
- Bedrooms
- 27
- Bathrooms
- 33
- Living Sq. Ft
- 16,144
- Lot Size
- 14,002
- Days on Market
- 63
- Property Type
- Multifamily
- Stories
- 2
Property Description
We are proud to present 13915 Sherman Way, a 15-unit townhouse-style multifamily property on Van Nuys's Sherman Way transit corridor. Built 1989, the property comprises 12 two-bedroom/2.5-bath townhomes and three one-bedroom flats across 16,144 SF on a 13,998 SF lot. Two-story wood frame with individually metered gas and electric, a community pool, on-site laundry, and 28 surface parking spaces. The property is RSO-exempt and subject only to AB 1482.The investment case is near-term rent capture with no capital requirement. Current gross scheduled rent of $372,828 grows to $460,800 at pro forma market rents of $2,650 TH / $2,200 flat approximately 23.6% upside. Two legacy tenants sit at $1,184/month, most leases are month-to-month, and no permits have been pulled since 2006. Townhome format commands $100$200/month premiums over valley flats.First offering in 30-plus years positions the deal for 1031 buyers, family offices, and value-add operators. Van Nuys submarket vacancy runs 4.7%, below the 5.3% LA metro average, and the 633-unit construction pipeline is concentrated in Class A that does not competewith the subject. The planned East SFV Light Rail station sits 0.5 miles east, opening 2031. TOC Tier 1 designation adds entitlement optionality for a long-term hold.
Additional Information
- Other Buildings
- None
- Heat
- Other
- Cooling
- Wall Unit(s)
- Number of Cars in Garage
- Gated
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Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352 Selling Office: .
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