Owner Financing Available! 4.75% for 5 Years! | 14011 Sherman Way
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Owner Financing Available! 4.75% for 5 Years! 14011 Sherman Way
13 Unit Apartment Building $2,795,000 ($215,000/Unit) 5.41% Cap Rate Van Nuys, CA 91405
Investment Highlights
- SELLER FINANCING AVAILABLE 4.75% INTEREST RATE 5 YEARS
- 44.56 GRM & 5.41% Cap Rate
- Located On Major Thoroughfare
- Great Van Nuys Location
- Individually Metered for Gas and Electricity
- On-Site Parking | Seismic Retrofitting Completed
Executive Summary
Welcome to 14011 Sherman Way, a well-positioned 13-unit apartment building located in the heart of Van Nuys, California. This property offers a diverse selection of units designed to suit various lifestyles and needs. What sets this property apart is the unique opportunity for owner financing at attractive terms. Take advantage of owner financing at 4.75% interest for 5 years, with a $1,257,750 downpayment, making this investment more accessible and appealing for potential buyers.
Located in Van Nuys, this property enjoys proximity to local amenities, schools, parks, and major transportation routes, making it an attractive choice for renters and investors alike. Whether you're looking to expand your investment portfolio or secure a stable income-generating property, 14011 Sherman Way offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don't miss out on this chance to own a valuable piece of Van Nuys real estate. Schedule your private showing and explore the potential of this impressive apartment building.
The Unit Mix is (1) One-Studio, (7) Seven One Bedroom and One Bath Units, (4) Four Two Bedroom and One Bath Units, and (1) Two Bedroom and Two Bath Units. Each unit features contemporary interiors with well-appointed kitchens, inviting living areas, and comfortable bedrooms. Residents will appreciate the convenience of on-site laundry facilities and dedicated parking spaces.
Located in Van Nuys, this property enjoys proximity to local amenities, schools, parks, and major transportation routes, making it an attractive choice for renters and investors alike. Whether you're looking to expand your investment portfolio or secure a stable income-generating property, 14011 Sherman Way offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don't miss out on this chance to own a valuable piece of Van Nuys real estate. Schedule your private showing and explore the potential of this impressive apartment building.
The Unit Mix is (1) One-Studio, (7) Seven One Bedroom and One Bath Units, (4) Four Two Bedroom and One Bath Units, and (1) Two Bedroom and Two Bath Units. Each unit features contemporary interiors with well-appointed kitchens, inviting living areas, and comfortable bedrooms. Residents will appreciate the convenience of on-site laundry facilities and dedicated parking spaces.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$238,632
|
$25.58
|
| Other Income |
$3,240
|
$0.35
|
| Vacancy Loss |
$7,256
|
$0.78
|
| Effective Gross Income |
$234,616
|
$25.15
|
| Taxes |
$36,863
|
$3.95
|
| Operating Expenses |
$48,552
|
$5.20
|
| Total Expenses |
$85,415
|
$9.16
|
| Net Operating Income |
$149,201
|
$15.99
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $238,632 |
| Annual Per SF | $25.58 |
| Other Income | |
|---|---|
| Annual | $3,240 |
| Annual Per SF | $0.35 |
| Vacancy Loss | |
|---|---|
| Annual | $7,256 |
| Annual Per SF | $0.78 |
| Effective Gross Income | |
|---|---|
| Annual | $234,616 |
| Annual Per SF | $25.15 |
| Taxes | |
|---|---|
| Annual | $36,863 |
| Annual Per SF | $3.95 |
| Operating Expenses | |
|---|---|
| Annual | $48,552 |
| Annual Per SF | $5.20 |
| Total Expenses | |
|---|---|
| Annual | $85,415 |
| Annual Per SF | $9.16 |
| Net Operating Income | |
|---|---|
| Annual | $149,201 |
| Annual Per SF | $15.99 |
Property Facts
| Price | $2,795,000 | Apartment Style | Low Rise |
| Price Per Unit | $215,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.41% | Building Size | 9,328 SF |
| Gross Rent Multiplier | 11.56 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Price | $2,795,000 |
| Price Per Unit | $215,000 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Gross Rent Multiplier | 11.56 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,328 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.72/1,000 SF |
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $7,200 | - |
| 2+1 | 4 | $8,400 | 950 |
| 2+2 | 1 | $2,062 | - |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 2216-002-041 | Total Assessment | $1,073,390 (2024) |
| Land Assessment | $328,391 (2024) | Annual Taxes | $36,863 ($3.95/SF) |
| Improvements Assessment | $744,999 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2216-002-041
Land Assessment
$328,391 (2024)
Improvements Assessment
$744,999 (2024)
Total Assessment
$1,073,390 (2024)
Annual Taxes
$36,863 ($3.95/SF)
Tax Year
2023
zoning
| Zoning Code | LAR3 (Residential) |
| LAR3 (Residential) |
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Owner Financing Available! 4.75% for 5 Years! | 14011 Sherman Way
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