16731 Sherman Way, Van Nuys, CA 91406 - Photo 1

1/1

$3,250,000

Sold
Closed
Multi-Family
22 Total Beds

1/1

Property Description

INVESTMENT HIGHLIGHTS: 6.54% Cap as of August 2025. Desirable 1986- built property with mostly two bedrooms units; One unit delivered vacant; Assumable loan in the amount of approximately $1,500,000 at 4 48 % interest rate until mid 2026; Large frontage on a quiet section of Sherman Way; Great curb appeal and landscaping; All units have central heating and air conditioning units; All units have individual water heaters, owner only pays for gas for laundry room; Copper plumbingRepaved walk-ways; Ample parking spaces, each unit gets two parking spaces for a total of 26 spots; Security cameras installed throughout the property; Intercom access; Gated and secured property; Possibility of tenants paying their share of water, sewer, trash, and common area electricity bills through implementing the RUBS program.

Full Property Details

Full Property Details for 16731 Sherman Way

General

Sold For: $3,250,000
Status: Closed
Type: Multi-Family
Source: CLAW
MLS ID: 25551363
Added to Site: 219 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 14

Bedrooms

Total Bedrooms: 22

Additional Information

Other Features: None

Parking

Garage Description: Community Garage, Controlled Entrance, Covered Parking, Gated

Location

Area: Lake Balboa
County: Los Angeles
Driving Directions: Sherman Way at Balboa Boulevard, Lake Balboa

Heating & Cooling

Cooling Type: Central
Heating Type: Central

Structural Information

# Buildings: 1
Stories/Levels: 1
Square Feet: 11,326
Sq. Ft. Source: Title Company
Year Built: 1986
Year Built Source: Vendor Enhanced

Unit Information

Units in Complex: 13
Unit Type: 2106, 2107, 2108, 2109

Unit 1

Total Bathrooms: 1
Bedrooms: 1

Unit 2

Total Bathrooms: 1
Bedrooms: 2

Unit 3

Total Bathrooms: 2
Bedrooms: 2

Unit 4

Total Bathrooms: 1
Bedrooms: 3

Additional Structures

Other Structures: None

Lot Features

Lot Size (Acres): 0.2443
Lot Size: 10642
Lot Size Source: Vendor Enhanced
Lot Dimensions: 76 x 120
Zoning: LARD1.5

Financial Considerations

Price Per Sq. Ft.: $290.92
Assessment Year: 1986

Disclosures and Reports

Disclosures/Reports: None
APN: 2226-018-020

Listed by Marcus & Millichap, Jeanette Monfared
Sold by Keller Williams Realty, Casey Picard

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Listing agent

— 16731 Sherman Way —

Jeanette Monfared

Marcus & Millichap

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Schools

Schools serving 16731 Sherman Way

School District:Los Angeles Unified School District

Name	Grades	Distance
Gault Street Elementary School 17000 Gault St., Los Angeles, CA 91406	PK-5	0.4 mi
William Mulholland Middle School 17120 Vanowen St., Los Angeles, CA 91406	6-8	0.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16731 Sherman Way

Date

Details

Price

Change

Source

9/12/2025

Sold

$3,250,000

-1.37%

MLS

6/11/2025

Listed

$3,295,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4
Beds
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Total Baths
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Sq. Ft.

16731 Sherman Way, Van Nuys, CA 91406 (MLS# 25551363) is a Multi-Family property that was sold at $3,250,000 on September 12, 2025. Want to learn more about 16731 Sherman Way? Do you have questions about finding other Multi-Family real estate for sale in Lake Balboa? You can browse all Lake Balboa real estate or contact a Coldwell Banker agent to request more information.

16731 Sherman Way Van Nuys, CA 91406