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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.
Property Type(s):
Residential Income
| Last Updated | 5/22/2026 | Year Built | 1989 |
|---|---|---|---|
| Community | VN - Van Nuys | County | Los Angeles |
Price History
| Prior to May 22, '26 | $3,950,000 |
|---|---|
| May 22, '26 - Today | $3,750,000 |
Additional Details
| AREA | VN - Van Nuys |
|---|---|
| LOT | 0.3214 acre(s) |
| LOT DIMENSIONS | 14002 |
| PARKING | Gated |
| STORIES | 2 |
Location
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Listed with Marcus & Millichap
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