16745 Sherman Way

    Van Nuys, CA 91406
    • $899,500
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: SR19162222
    UPDATED: 49 min ago
    $899,500
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,076
      SQFT
    • $433
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Please Do Not Disturb Tenants. Drive by Only. Property has Up~graded Electrical Panel & All Four Units have been Rewired. Roof is about 10 yrs old. Building has Security Cameras with a 30 day Recorder hard Drive. All tenants are long term tenants. Two units have been Fully remodeled, the other two are just updated. This Multifamily investment consists of 4 Units 1 Bedroom +1 bathroom. The property is subject to rent control with tremendous rental upside. Located in a high demand rental location. Excellent opportunity for an Investor/Developer

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-15T11:32:23.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/96706835

    16745 Sherman Way Van Nuys, CA 91406

    • Price: $899,500
    • Status: Active
    • Updated: 49 min ago
    • ID#: SR19162222
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,076
    SQFT
    $433
    $/SQFT
    1949
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    Please Do Not Disturb Tenants. Drive by Only. Property has Up~graded Electrical Panel & All Four Units have been Rewired. Roof is about 10 yrs old. Building has Security Cameras with a 30 day Recorder hard Drive. All tenants are long term tenants. Two units have been Fully remodeled, the other two are just updated. This Multifamily investment consists of 4 Units 1 Bedroom +1 bathroom. The property is subject to rent control with tremendous rental upside. Located in a high demand rental location. Excellent opportunity for an Investor/Developer
    Exterior Features

    Entry Level 1 Garage Spaces 4.00 Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls Laundry Features See Remarks Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStorm DrainsStreet Lights Country Us Electric Expense 975.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 50.00 Gross Income 4513.00 Gross Scheduled Income 54161.00 Insurance Expense 1750.00 Land Lease YN No Laundry YN Yes Net Operating Income 51941.00 New Construction YN No New Taxes Expense 11823.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Operating Expense 2220.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 4513.00 Total Expenses 15773.00 Trash Expense 540.00 Water Sewer Expense 635.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Levon Nargizyan of Mafyan And Associates Inc. and Mohammad Diab of Mafyan And Associates Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-15T11:32:23.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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