New
For Sale
$3,500,000
13840 Sherman Way, Van Nuys, CA 91405
Residential land & home lots
Property SizeContact for details
Days on Market5
Property Features for 13840 Sherman Way
General Information
Standard status
Active
Property subtype
Multi-Family
Amenities
86-Unit RTI Development – Fully approved affordable housing project delivered Ready-to-Issue at close of escrow.
Attractive Development Basis – Offered at $3,500,000, or $40,698 per approved unit and $76.49 per land SF.
1.05-Acre Development Site – Approximately 45,755 SF of vacant land with Sherman Way frontage.
AB 2334 Density Bonus Approval – Ministerially approved 86-unit project with reduced entitlement risk.
Desirable Unit Mix & Parking – 21 studios, 50 one-bedroom, 12 two-bedroom, and three three-bedroom units with 57 parking spaces.
Competitive Land Pricing – Priced approximately 67% below comparable entitled land sales on a per-land-SF basis.
Listing Agency:
Marcus & Millichap
Listed By:
Filip Niculete · License #License(s): CA: 01905352
(818) 212-2748
Source:
Marcusmillichap
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
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Business Placement
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 13840 Sherman Way Van Nuys, CA.
What is the asking price?
The asking price for this property is $3,500,000.
