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Sold for $889,800 · Dec 2019

SOLD

Listed at $899,500

Sold

16745 Sherman Way, Van Nuys, CA 91406

Van Nuys, CA

MLS# SR19162222

2,076 Sq Ft • Quadruplex
70 days on market

Listing Agent

Levon Nargizyan

Listing Agent

Mafyan And Associates Inc.

DRE #: 01349548

Brokerage: Mafyan And Associates Inc.

Property Details

N/A

Bedrooms

N/A

Bathrooms

2,076 sqft

Square Feet

1949

Year Built

7,000 sqft

Lot Size

$429

Price/Sq Ft

4

Garage Spaces

N/A

HOA

Quadruplex

Property Type

Description

Please Do Not Disturb Tenants. Drive by Only. Property has Up~graded Electrical Panel & All Four Units have been Rewired. Roof is about 10 yrs old. Building has Security Cameras with a 30 day Recorder hard Drive. All tenants are long term tenants. Two units have been Fully remodeled, the other two are just updated. This Multifamily investment consists of 4 Units 1 Bedroom +1 bathroom. The property is subject to rent control with tremendous rental upside. Located in a high demand rental location. Excellent opportunity for an Investor/Developer

Listing description from the December 2019 sale, as reported to CRMLS.

Facts & Features

Details

Stories
1

Sale history for 16745 Sherman Way

2 recorded sales

$889,800
Sold December 2019 · listed $899,500, orig. $945,999, on market July 2019, 70 days on market · MLS #SR19162222 · Source: CRMLS
Listing Agent: Levon Nargizyan · Listing Office: Mafyan And Associates Inc. · Contact: 818-842-6800 · Bought with: NATASHA KUAEA · THE IVRI GROUP, INC.
$855,000
Sold March 2018 · listed $905,999, orig. $949,999, on market March 2017, 379 days on market · MLS #217002642 · Source: CRMLS
Listing Agent: Edwin Escamilla · Listing Office: Pacific-Realtors.net · Contact: (818) 991-1500 · Bought with: Levon Nargizyan · Pacific-Realtors.net

How this sale compares

16745 Sherman Way sold for $889,800 in December 2019, 1.1% under its $899,500 list price, after 70 days on the market. It was first listed at $945,999. Across 167 closed sales in 91406 over the last 12 months, the median sold price is $880,000 and the median is $561 per square foot.

$561
91406 median per sq ft (12 mo)
$880,000
91406 median sold price (12 mo)
167
Closed sales in 91406 (12 mo)
70
Days on market
−1.1%
Sold vs. list price
QuarterClosed sales in 91406Median sold price
Q1 202614$892,500
Q2 202671$850,000
Q3 202662$902,500
Q4 202620$892,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Van Nuys · Homes for sale in 91406

Recent sales near 16745 Sherman Way

Closed sales reported in 91406, nearest first, last 12 months. All recent sales in Van Nuys →

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CRMLS

MLS# SR19162222

Listed: 7/9/2019

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 12/23/2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Mafyan And Associates Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.