15200 Sherman
Way, a 10-unit multifamily property in Van Nuys, California. The property is located
east of the 405 on-ramp, between Sepulveda Boulevard and Kester Avenue. There are
many nearby schools including Kester Avenue Elementary School and Lashon Academy,
as well as the notable California State University Northridge (CSUN) being in close
proximity. Van Nuys Golf Course, Sepulveda Basin Recreation Center and the Sherman
Oaks Galleria are also just a short car ride away.
15200 Sherman Way was constructed in 2004 and sits on a 10,240 square foot lot.
There are a total of 10-units within the 11,180 square foot, two-story building. The unit mix
is made up of two and three-bedroom townhouse units and the three-bedroom units have
balconies. The property features controlled access and subterranean parking with each
unit having two parking spaces.
This offering will appeal to an investor looking for a low maintenance asset in great
condition and with a significant rental upside (48% +/-).
