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Property profile & analytics
OFF-MARKET
Estimated value
$6,690,000
Apartment buildings
13627 Sherman Way Van Nuys, CA 91405-2800
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6178863
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
60,566 SF
Lot
0.99 ac (42,908 SF)
Zoning code
LAR3
APN
2328-007-023
UPID
US09-6178863
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Christopher Ruffin Counselor Social Worker
-
Princessjstyles Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.29M
Blend (final)
Blend
$6.69M
Owner & transaction history
Sherman Way Investments · 21 yrs held
Sherman Way Investments
since 2005
7 recorded transactions
Zoning & alternative use
LAR3 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Van Nuys submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Nuys submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.69M
Range $6.02M – $7.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$84,788
Tax year 2024
Assessed value
$6,465,587
Assessed 2024
Previous assessed
$6,465,587
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,820,256
Assessed improvement
$4,645,331
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
68
Total area
60,566 SF
Lot
0.99 ac (42,908 SF)
Zoning code
LAR3
APN
2328-007-023
UPID
US09-6178863
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Van Nuys, CA
Zoning LAR3 · permitted uses
LAR3 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Nuys. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
68
Lot
0.99 ac
Current owner
From public records · entity-resolved
Sherman Way Investments
Entity
Mailing address
16027 VENTURA BLVD STE #550, ENCINO, CA 91436-2796
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
Sherman Way Investments
—
Deed
related
$2,142,289 · Miscellaneous Ins Co
Mar 11, 2005
—
Sherman Way Investments
Sherman Way Apartments
Quit Claim Deed
$4,000,000 · Key Bank NA
Dec 17, 2001
—
Shermay Way Apts
Hager,d & J
Grant Deed
related
—
Apr 15, 1992
$3,000,000
Hager David Judith
—
Grant Deed
related
—
Oct 15, 1991
$3,537,823
Glendale Fed Ban
Gaw,henry
Trustees Deed
related
—
—
—
Gaw
—
Deed Of Trust
related
$350,000 · Glendale Federal Bank
—
—
Sherman Way Investments
—
Deed Of Trust
related
$3,000,000 · Miscellaneous Ins Co
—
—
Sherman Way Apartments
—
Deed Of Trust
related
$2,250,000 · Pacific West Management
—
—
Sherman Way Apartments
—
Deed Of Trust
related
$3,030,000 · Union Bank Of California
—
—
Sherman Way Investments
—
Loan Modification
related
$2,142,289 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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