16731 Sherman Way, Van Nuys, CA 91406

About this property

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.

Listing description from the September 2025 sale, as reported to CRMLS.

Sale history

$3,250,000

Sold September 2025 · listed $3,295,000, on market June 2025 · MLS #25551363 · Source: CRMLS

Listing Agent: Jeanette Monfared · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Casey Picard · Keller Williams Realty

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