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11329 Sherman Way
Sun Valley, CA 91352 Sun Valley

$3,495,000 USD

Apartments For Sale • 11,351 SF

Property Details

Property Type Apartments
Total Building Size 11,351 SF
Lot Size 0.43 AC
Building Class C
Year Built 1956
Zoning LAR3

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                Strong In-Place Cash Flow with Massive Upside: The opportunity generates a ~5.4% in-place cap rate with a clear value-add path to a ~9.4% proforma cap
                            
                                Two Adjacent Properties: Totaling 28 units, including a separately parceled fourplex, allows for shared management efficiencies
                            
                                Diversified Unit Mix: The portfolio consists of (9) bachelor units, (8) studios, (10) one-bedroom /one-bath units, and (1) two-bedroom /two-bath unit
                            
                                Major Capital Improvements Completed: Ownership has recently completed key exterior and system upgrades, including copper plumbing, new windows, +
                            
                                Ample On-Site Parking: Large surface parking lot provides abundant resident parking
                            
                                On-Site Laundry Facilities: Centralized on-site laundry room provides a convenient resident amenity while generating supplemental income for ownership

Amenities

Air Conditioning
Disposal
Laundry Facilities
Heating
Kitchen
Refrigerator
Oven
Tub/Shower
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.1 mi
Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.1 mi
Airport	Drive	Walk	Distance
Bob Hope	3 min	-	1.1 mi
Los Angeles International	37 min	-	25.6 mi
Long Beach (Daugherty Field)	52 min	-	37.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	22
Type:	Surface
Included in Rent:	Yes

Tony Azzi Marcus & Millichap

11329 Sherman Way Sun Valley, CA 91352 Sun Valley