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Back 13915 Sherman Way
Off Market

13915 Sherman Way

Los Angeles CA 91405

27
33
28
16144 sq. ft.
14002 sq. ft.
Other
Last sold for $3,400,000
Filip NiculeteFilip Niculete, last sold this property on 28 August 2026 after 127 days on market.

Overview

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%, below the 5.3% LA metro average, and the 633-unit construction pipeline is concentrated in Class A that does not competewith the subject. The planned East SFV Light Rail station sits 0.5 miles east, opening 2031. TOC Tier 1 designation adds entitlement optionality for a long-term hold.

Features

27 bedrooms
33 bathrooms
28 carspaces
16144 sq. ft. floor area
14002 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 27 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 13915 Sherman Way

2026
Sold
$3,400,000
28 Aug 2026 by Filip Niculete, of Marcus & Millichap

Happy sellers in Los Angeles

94%
94% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for 27 bedroom other properties in Los Angeles

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