Active MLS # 24350843 | Listed by David Kaufman with David Ballin Kaufman
14921 Sherman Way is a $6,500,000, 26,760 square foot, 50 bedroom, 50.0 bath home on a 0.68 acre lot located in Van Nuys, CA.
This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard
| #Carport Spaces | 9.0 |
| #Open Parking Spaces | 1.0 |
| Interior Features | Laundry Room |
| Cooling Types | Wall Window Units Cooling - Yes |
| Heating Types | Wall Furnace Heating - Yes |
| # Parking Spaces | 34 |
| Parking Types | Gated Carport - Yes parking116 |
| Exterior Features | Pool Community In Ground None Standard |
| Attribution Contact | 310-877-8600 |
| Property Type | Residential Income |
| Style | Two Full Service |
| Year Built | 1964 |
| HOA Fee | $0.00 |
| Taxes | $0.00 |
| County | los angeles |
| Neighborhood |
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