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Sold for $3,250,000
  • $3,250,000

    16731 Sherman Way, Van Nuys, CA 91406

    22beds
    14baths
    11,326sqft
    Multi Family
    Built in 1986
    -- sqft lot
    $3,261,000 Zestimate®
    $287/sqft
    $2,214 Estimated rent

    Home value

    $3,261,000

    $2.97M - $3.59M

    $2,214/mo

    Zestimate® history
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    $2,214/mo

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    What's special

    INVESTMENT HIGHLIGHTS: 6.54% Cap as of August 2025. Desirable 1986- built property with mostly two bedrooms units; One unit delivered vacant; Assumable loan in the amount of approximately $1,500,000 at 4 48 % interest rate until mid 2026; Large frontage on a quiet section of Sherman Way; Great curb appeal and landscaping; All units have central heating and air conditioning units; All units have individual water heaters, owner only pays for gas for laundry room; Copper plumbingRepaved walk-ways; Ample parking spaces, each unit gets two parking spaces for a total of 26 spots; Security cameras installed throughout the property; Intercom access; Gated and secured property; Possibility of tenants paying their share of water, sewer, trash, and common area electricity bills through implementing the RUBS program.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeanette Monfared DRE # 00765098 310-245-5600,

    Marcus & Millichap 818-212-2700

    Bought with:

    Casey Picard, DRE # 01921866

    Keller Williams Realty

    Source: CLAW,MLS#: 25551363MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 22
    • Bathrooms: 14
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Built-Ins
    Interior area
    • Total structure area: 11,326
    • Total interior livable area: 11,326 sqft

    Property

    Parking
    • Total spaces: 26
    • Parking features: Community Structure, Secured, Covered, Gated
    • Has garage: Yes
    Features
    • Levels: Multi/Split
    • Stories: 1
    Lot
    • Size: 10,641 Square Feet
    • Dimensions: 76 x 120
    Details
    • Additional structures: None
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1986

    Community & HOA

    Location
    • Region: Van Nuys

    Financial & listing details

    • Price per square foot: $287/sqft
    • Date on market: 6/11/2025

    Price history

    DateEventPrice
    9/12/2025Sold$3,250,000-1.4%$287/sqft
    Source: CLAW #25551363 Report a problem
    7/8/2025Contingent$3,295,000$291/sqft
    Source: CLAW #25551363 Report a problem
    6/11/2025Price change$3,295,000-8.5%$291/sqft
    Source: CLAW #25551363 Report a problem
    5/13/2025Listed for sale$3,600,000$318/sqft
    Source: CLAW #25538183 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Lake Balboa

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $3,261,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,261,000