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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 : Residential Income

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 Bedrooms: 27

    Bathroom Information

    Total Baths: 33 Full Baths: 0 Half Baths: 0

  • Building Information

    Year Built: 1989 Building Area Total: 16,144

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3214
  • Lot Size Source: Assessor Lot Size Square Feet: 14002

  • Listing Price Information

    Original List Price: 3,750,000 Listing Contract Date: 2026-04-03
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 2216005004

  • Garage and Parking

    Garage Description: Gated

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: VN - Van Nuys Postal Code Plus 4: 2500 Directions: North of Sherman Way and South of Valerio Street. Zoning: LAR3 Source Property Type: Residential Income Area: VN - Van Nuys
  • Building and Construction

    Property Age: 37 Year Built Source: Assessor Total Square Feet Living: 16144 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7560 Woodman Place #65, Van Nuys, CA, 91405 $145,000 2 1 768 768 SqFt
13617 Leadwell, Van Nuys, CA, 91405 $1,050,000 -- -- 4,080 4,080 SqFt
13445 Vanowen Street, Van Nuys, CA, 91405 $2,900,000 -- -- 7,726 7,726 SqFt
13732 Wyandotte Street, Van Nuys, CA, 91405 $899,000 3 1 1,317 1,317 SqFt
13739 Wyandotte, Van Nuys, CA, 91405 $1,049,999 3 3 1,590 1,590 SqFt
13623 Vanowen Street, Van Nuys, CA, 91405 $1,025,000 4 -- 2,728 2,728 SqFt
13631 Vanowen Street, Van Nuys, CA, 91405 $2,180,000 8 -- 6,939 6,939 SqFt
13638 Hartland, Van Nuys, CA, 91405 $830,000 4 3 1,632 1,632 SqFt
13907 - 13909 Wyandotte, Van Nuys, CA, 91405 $1,025,000 4 3 1,642 1,642 SqFt
13825 Vanowen St, Van Nuys, CA, 91405 $2,900,000 -- -- 10,793 10,793 SqFt

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ByOwner last updated this listing 06/07/2026 @ 03:31

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

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