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11329 Sherman Way, Sun Valley, CA 91352
Priced at Only: $3,495,000
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Address: 11329 Sherman Way, Sun Valley, CA 91352
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  • MLS#: 26662809 ( )
  • Street Address: 11329 Sherman Way
  • Viewed: 4
  • Price: $3,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 58
  • Additional Information
  • County: LOS ANGELES
  • City: Sun Valley
  • Zipcode: 91352
  • Provided by: Tony Azzi
  • Contact: Tony Tony
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Sherman Way Palace & Bakman Palms present a 28 unit multifamily investment opportunity across two adjacent parcels in Sun Valley. The offering includes a separately parceled fourplex (Bakman Ave), allowing for operational efficiencies through shared management while maintaining flexibility for future financing, refinancing, or potential individual disposition. Built in 19551956, the property totals approximately 11,351 square feet of improvements on a combined 25,278 SF lot and is zoned LAR3. The unit mix consists of (9) bachelor units, (8) studios, (10) one bedroom/one bath units, and (1) two bedroom/two bath unit, supporting broad tenant demand and stable occupancy. The asset offers strong in place income with significant value add potential, driven by mark to market rent growth and operational efficiencies. Ownership has completed multiple capital improvements, including copper plumbing, new windows, stone siding, fresh exterior paint, and gated entry, helping reduce near term capital expenditure needs. Additional amenities include ample on site surface parking and on site laundry facilities, providing convenience for residents and additional income potential. Located in the eastern San Fernando Valley, the property benefits from convenient access to Burbank, North Hollywood, Panorama City, and Downtown Los Angeles, as well as proximity to Hollywood Burbank Airport, Interstate 5, and State Route 170, supporting strong workforce housing demand and long term rental stability.
Features
Building Area Total
  1. 11351.00
Country
  1. US
Levels
  1. Multi/Split
  2. One
Netoperatingincome
  1. 188543.00
Parcel Number
  1. 2315022010
Parking Features
  1. Carport
Postalcodeplus4
  1. 4945
Sourcesystemkey
  1. 26662809:CLAW
Totalexpenses
  1. 159418.00
Year Built
  1. 1956
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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