13915 Sherman Way, Van Nuys, CA 91405

Van Nuys
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
13915 Sherman Way,Van Nuys, CA 91405
$3,950,000
  • 27 Beds
  • 33 Baths
  • 16,144 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26776423
Source:CRMLS

Price summary

  • Price:$3,950,000
  • Price per sq. ft.:$244.67

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:2 day(s) ago
  • Updated:April 25, 2026 at 10:33 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:$3,950,000
  • Price per sq. ft.:$244.67

Parking

  • Total parking spaces:28
  • Parking description:Gated
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