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11329 Sherman Way

Sun Valley, CA 91352
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Bed 12

Bed

Bath 0

Bath

SqFt11,351

Sqft

SqFt25,278

Sqft(Lot)

Sherman Way Palace & Bakman Palms present a 28-unit multifamily investment opportunity across two adjacent parcels in Sun Valley. The offering includes a separately parceled fourplex (Bakman Ave), allowing for operational efficiencies through shared management while maintaining flexibility for future financing, refinancing, or potential individual disposition. Built in 19551956, the property totals approximately 11,351 square feet of improvements on a combined 25,278 SF lot and is zoned LAR3. The unit mix consists of (9) bachelor units, (8) studios, (10) one-bedroom/one-bath units, and (1) two-bedroom/two-bath unit, supporting broad tenant demand and stable occupancy. The asset offers strong in-place income with significant value-add potential, driven by mark-to-market rent growth and oper ational efficiencies. Ownership has completed multiple capital improvements, including copper plumbing, new windows, stone siding, fresh exterior paint, and gated entry, helping reduce near-term capital expenditure needs. Additional amenities include ample on-site surface parking and on-site laundry facilities, providing convenience for residents and additional income potential. Located in the eastern San Fernando Valley, the property benefits from convenient access to Burbank, North Hollywood, Panorama City, and Downtown Los Angeles, as well as proximity to Hollywood Burbank Airport, Interstate 5, and State Route 170, supporting strong workforce housing demand and long-term rental stability.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,495,000

AD Id : 76064073

MLS Id : 26662809

Beds : 12

Lot Size : 25,278 Sqft

Living Area Size : 11,351

Year Built : 1956

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 29

  • Building Information

    Year Built: 1956
    Building Area Total: 11351
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 25278 Lot Size Acres: 0.5803 Lot Size Source: Other Lot Size Square Feet: 25,278

  • Listing Price Information

    Listing Price: $3495000

  • Tax Information

    Parcel Number: 2315022010

  • Location Information

    Direction: From Interstate 5, exit onto Sherman Way and head west toward the Sun Valley area. Continue along Sherman Way for approximately one mile. The property is located near the intersection of Sherman Way and Bakman Avenue, with convenient access from both streets. Street parking is available nearby.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8618 La Tuna Canyon Road, Sun Valley, CA, 91352 $669,966 3 2 1,544 1,544 SqFt
9144 Del Arroyo Drive, Sun Valley, CA, 91352 $1,395,000 5 3 3,003 3,003 SqFt
7971 Sangamon Avenue, Sun Valley, CA, 91352 $1,399,000 4 2 2,160 2,160 SqFt
7982 Sangamon, Sun Valley, CA, 91352 $1,650,000 4 4 2,334 2,334 SqFt
10050 Olivia Ter, Sun Valley, CA, 91352 $2,499,999 4 5 4,346 4,346 SqFt
10087 Sully Drive, Sun Valley, CA, 91352 $1,299,992 3 2 1,920 1,920 SqFt
10101 Lanark Street, Sun Valley, CA, 91352 $1,374,000 3 2 1,556 1,556 SqFt
8504 Outland View Drive, Sun Valley, CA, 91352 $1,499,950 3 2 2,040 2,040 SqFt
8330 Outland View Drive, Sun Valley, CA, 91352 $1,599,999 5 1 2,377 2,377 SqFt
11100 Sheldon Street, Sun Valley, CA, 91352 $849,900 3 1 1,792 1,792 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/27/2026 @ 01:58

MLS: 26662809 LISTED BY: Tony Azzi, Tony Azzi 310-909-5454 SOURCE: CRMLS

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