Gated Apartment
For Sale
$5,350,000
14925 Sherman Way, Van Nuys, CA 91405
Community amenities include a pool, laundry facilities, on-site parking, recycling, and smoke-free apartment options.
Property Size26,760 SF
Price / SF$199.93
Days on Market57
Property Features for 14925 Sherman Way
General Information
Standard status
Active
Size
26,760 SF
Property subtype
Residential Income
Amenities
community pool
on-site laundry facilities
on-site parking
recycling program
gated access
smoke-free apartment options
Listing Agency:
CBRE
(213) 613-3176
Listed By:
Jenny Eng · License #01931251
(818) 907-4606
Source:
Exprealty
Added: Aug 24
Changed: Oct 2
Last Checked: Oct 19 at 8:53AM
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 CBRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building at 14925 Sherman Way in Van Nuys contains 26,760 square feet and offers a range of resident-oriented amenities. Improvements include a community pool, on-site laundry facilities, parking, recycling services, gated entry, and smoke-free apartment options.
The property also includes assumable financing for qualified buyers. Its amenity package and apartment configuration support residential rental operations while providing several on-site features for occupants.
The property also includes assumable financing for qualified buyers. Its amenity package and apartment configuration support residential rental operations while providing several on-site features for occupants.
Key Highlights
- 26,760‑square‑foot apartment building at 14925 Sherman Way, Van Nuys, CA
- Community pool and on‑site laundry facilities
- On‑site parking and a recycling program
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$430,590
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,611,800
$8.6M
Cap Rate 7%
$6,151,286
$6.2M
Cap Rate 9%
$4,784,333
$4.8M
Market Conditions
NOI Build-Up for 26,760 SF
Gross rent
$851.0K $31.80/SF
− Vacancy
−$68.1K −$2.54/SF
EGI
$782.9K $29.26/SF
− OpEx
−$352.3K −$13.17/SF
NOI
$430.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,611,800
Cap Rate 7%
$6,151,286
Cap Rate 9%
$4,784,333
Alternative Uses
Best Use
Apartment 5plus
$6.15M
$5.38M – $7.18M
NOI $430,590 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.33M
$12.54M – $16.72M
NOI $1,002,904 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,749
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Community amenities include a pool, laundry facilities, on-site parking, recycling, and smoke-free apartment options.
Where is this apartment building located?
The property is located at 14925 Sherman Way Van Nuys, CA.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: 26,760‑square‑foot apartment building at 14925 Sherman Way, Van Nuys, CA; Community pool and on‑site laundry facilities; On‑site parking and a recycling program
