USACAVan Nuys13915 Sherman Way
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13915 Sherman Way, Van Nuys, CA

House

For Sale

Listed price in listed location currency (USD).
$3,950,000

273328

MLS® 26776423

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 16144 sqft
Garage 
Taxes 
Days Active 1
Lot Size 
Approx. Age 1989
Avg. Price Per Sqft $244
MLS® Number 26776423

Property Address: 13915 Sherman Way, Van Nuys, CA, 91405

Average square foot calculated using Size range provided by listing agent.

Description

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%, 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.
MLS® Number26776423
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1989
Basement
DrivewayGated
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 22, 2026List Date
$3,950,000List Price
  • Commute

Commute

Starting Address
Destination Address
13915 Sherman Way, Van Nuys, CA

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