List Search

13915 Sherman Way
Van Nuys, CA 91405 Van Nuys

$3,950,000 USD

Apartments For Sale  •  17,994 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,144 SF
  • Lot Size 0.32 AC
  • Building Class C
  • Year Built 1989
  • Zoning LAR3
50 Transit Score
70 Walk Score

Highlights

First Offering in 30-Plus Years: Estate disposition following three decades of continuous ownership.
23.6% Rent Upside with Month-to-Month Rollovers: Current gross scheduled rent of $372,828 grows to $460,800 at pro forma market rents.
RSO Exempt — AB 1482 Only: Built 1989, the property sits outside the Los Angeles Rent Stabilization Ordinance and is subject only to AB 1482 (CPI + 5%
Premium Townhome Format, 12 of 15 Units: 12 two-story townhomes at ~1,100 SF with 2.5 baths command $100–$200/month premiums over valley flats.
TOC Tier 1 — Pre-Rail Transit Pricing: The site holds TOC Tier 1 status. The $3.6B federally funded East SFV Light Rail station sits 0.5 miles east.
Supply-Constrained Class B Submarket: Van Nuys vacancy runs 4.7% vs 5.3% LA metro, and the 633-unit construction pipeline is concentrated in Class A

Amenities

  • Security System
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 1.8 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 5.3 mi
AirportDriveWalkDistance
Bob Hope 11 min - 4.4 mi
Los Angeles International 34 min - 22.9 mi
Long Beach (Daugherty Field) 52 min - 40.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Glen Scher 818-667-6683 Marcus & Millichap
Glen Scher 818-667-6683 Marcus & Millichap