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13915 Sherman Way

Van Nuys, CA 91405
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Bed 27

Bed

Bath 0

Bath

SqFt16,144

Sqft

SqFt14,002

Sqft(Lot)

We are proud to present 13915 Sherman Way, a 15-unit townhouse-style multifamily property on Van Nuys's Sherman Way transit corridor. Built 1989, the property comprises 12 two-bedroom/2.5-bath townhomes and three one-bedroom flats across 16,144 SF on a 13,998 SF lot. Two-story wood frame with individually metered gas and electric, a community pool, on-site laundry, and 28 surface parking spaces. The property is RSO-exempt and subject only to AB 1482.The investment case is near-term rent capture with no capital requirement. Current gross scheduled rent of $372,828 grows to $460,800 at pro forma market rents of $2,650 TH / $2,200 flat approximately 23.6% upside. Two legacy tenants sit at $1,184/month, most leases are month-to-month, and no permits have been pulled since 2006. Townhome forma t commands $100$200/month premiums over valley flats.First offering in 30-plus years positions the deal for 1031 buyers, family offices, and value-add operators. Van Nuys submarket vacancy runs 4.7%, below the 5.3% LA metro average, and the 633-unit construction pipeline is concentrated in Class A that does not competewith the subject. The planned East SFV Light Rail station sits 0.5 miles east, opening 2031. TOC Tier 1 designation adds entitlement optionality for a long-term hold.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,750,000

AD Id : 77664994

MLS Id : 26776423

Beds : 27

Lot Size : 14,002 Sqft

Living Area Size : 16,144

Year Built : 1989

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 27

    Bathroom Information

    Total Baths: 33

  • Building Information

    Year Built: 1989
    Building Area Total: 16144
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 14002 Lot Size Acres: 0.3214 Lot Size Source: Assessor Lot Size Square Feet: 14,002

  • Listing Price Information

    Listing Price: $3750000
    Original Price: $3950000

  • Tax Information

    Parcel Number: 2216005004

  • Location Information

    Direction: North of Sherman Way and South of Valerio Street.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7560 Woodman Place #64, Van Nuys, CA, 91405 $129,888 2 1 600 600 SqFt
7560 Woodman #134, Van Nuys, CA, 91405 $295,000 4 2 1,344 1,344 SqFt
7560 Woodman #SCP74, Van Nuys, CA, 91405 $135,000 2 1 768 768 SqFt
7560 Woodman Place #65, Van Nuys, CA, 91405 $145,000 2 1 768 768 SqFt
13445 Vanowen Street, Van Nuys, CA, 91405 $2,700,000 20 10 --
7044 Mammoth Avenue, Van Nuys, CA, 91405 $969,000 4 2 1,733 1,733 SqFt
13825 Vanowen St, Van Nuys, CA, 91405 $2,900,000 -- -- 10,793 10,793 SqFt
14113 W Monroe Place, Van Nuys, CA, 91405 $795,000 3 4 2,085 2,085 SqFt
14104 W Birch Lane, Van Nuys, CA, 91405 $699,000 3 3 1,478 1,478 SqFt
6947 Murietta Avenue, Van Nuys, CA, 91405 $890,000 3 2 1,703 1,703 SqFt

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ByOwner last updated this listing 08/18/2026 @ 07:15

MLS: 26776423 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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