Description

13915 Sherman Way presents a rare opportunity to acquire a well-located multifamily asset in the heart of Van Nuys. Situated on one of the Valley’s main thoroughfares, the property benefits from immediate access to the 405 and 118 freeways, Metro Orange Line transit connections, and a bustling retail corridor. Tenants enjoy proximity to major employment centers including studios, corporate offices and medical facilities, making this a highly desirable rental location.

Built in 1989, this low-rise complex comprises 15 garden-style units on an efficiently laid-out parcel. The building has been consistently maintained, offering on-site parking, secure entry and landscaped common areas. With strong historical occupancy levels and limited new supply in the submarket, the asset delivers stable cash flow today and room for value-add through interior upgrades or modest rental increases.

Offered at an asking price of $3,750,000—just $250,000 per door—this offering provides a 5.8% capitalization rate and a basis of $232.28 per square foot. Investors seeking to expand or diversify their California multifamily portfolios will find this an attractive, turnkey play in a high-demand market. For more information or to request the comprehensive offering memorandum, please contact the listing agent.