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13915 Sherman Way, Van Nuys, CA 91405

Van Nuys
Local realty services provided by:CENTURY 21 Village Realty
13915 Sherman Way,Van Nuys, CA 91405
$3,750,000
  • 27 Beds
  • 33 Baths
  • 16,144 sq. ft.
  • Multi-family
  • Pending
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26776423
Source:CRMLS

Price summary

  • Price:$3,750,000
  • Price per sq. ft.:$232.28

About this home

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 format 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%,...

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Home facts

  • Year built:1989
  • Listing ID #:26776423
  • Added:60 day(s) ago
  • Updated:June 22, 2026 at 07:29 AM

Rooms and interior

  • Bedrooms:27
  • Total bathrooms:33
  • Living area:16,144 sq. ft.

Structure and exterior

  • Year built:1989
  • Building area:16,144 sq. ft.
  • Lot area:0.32 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,750,000
  • Price per sq. ft.:$232.28

Parking

  • Total parking spaces:28
  • Parking description:Gated
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Village Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Village Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, 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 California Regional MLS (Southern California) 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 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Andy Bencosme

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