This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Living Area: 26,760 SqFt
Listing Office:
Office Name: David Ballin Kaufman
Office Phone: (310) 877-8600
Listing Agent: David Kaufman
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 50
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Gated
Lot Features
Lot Information:
Lot Size: 0.68 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Robert Fulton College Preparatory, Public District Grades 6-12
Panorama High School, Public District Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Studio, Public District Grades 6-8
Valerio Street Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: North of Vanowen, South of Saticoy; East of Van Nuys Blvd, West of Sepulveda Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $7,000,000
Price Per SqFt: $262/SqFt
Tax Information:
Annual Amount: $12,641
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $6.0M more than the Median Sold Price and $366/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24350843
Listing Office:
Office Name: David Ballin Kaufman
Office Phone: (310) 877-8600
Listing Agent: David Kaufman
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 11:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,641
$739,009
2020
$12,353
$728,117
2019
$11,844
$713,841
2018
$11,567
$699,845
2017
$11,567
$686,124
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Valerio Street Elementary School
15035 Valerio St
Distance between this listing and this school0.24 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.35 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school10.86 miles
Public Magnet Grades 1-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school14.33 miles
Public District Grades 6-8
High School
3
/10
Robert Fulton College Preparatory
7477 Kester Ave
Distance between this listing and this school0.35 miles
Public District Grades 6-12
2
/10
Panorama High School
8015 Van Nuys Blvd
Distance between this listing and this school1.17 miles
Public District Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school2.59 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Valerio Street Elementary School
15035 Valerio St
Distance between this listing and this school0.24 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.35 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school10.86 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school14.33 miles
Public District Grades 6-8
Nearby Schools
5
/10
Valor Academy Charter
8015 Van Nuys Blvd
Distance between this listing and this school1.17 miles
Public Charter Grades 5-8
3
/10
Vista Middle School
15040 Roscoe Blvd
Distance between this listing and this school1.34 miles
Public District Grades 6-8
Assigned Schools
3
/10
Robert Fulton College Preparatory
7477 Kester Ave
Distance between this listing and this school0.35 miles
Public District Grades 6-12
2
/10
Panorama High School
8015 Van Nuys Blvd
Distance between this listing and this school1.17 miles
Public District Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school2.59 miles
The neighbors living near this home have an average income of $45,076. Most Los Angeles, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 14921 Sherman Way
What is the listing price of this property?
The listing price of 14921 Sherman Way property is $7,000,000.
What type of property is this?
The property 14921 Sherman Way is a house located in Van Nuys, California, 91405.
Is this property for sale now?
Active Listing: 14921 Sherman Way is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 14921 Sherman Way are: Valerio Street Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Studio: GreatSchools Rating 4/10Robert Fulton College Preparatory: GreatSchools Rating 3/10Panorama High School: GreatSchools Rating 2/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,641 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 14921 Sherman Way has 50 bedrooms and 50 bathrooms.
What is the square footage of this property?
The property 14921 Sherman Way is 26,760 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 14921 Sherman Way is 1964.
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This home is located at 14921 Sherman Way in Van Nuys, CA and zip code 91405 in the The San Fernando Valley neighborhood. This 26,760 square foot home, which was built in 1964, sits on a 0.68 acre lot. Features: 50 bedrooms, 50 bathrooms. It has been listed on Rocket Homes since January 24, 2024 and is currently priced at $7,000,000.
Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 sold below. The number of homes for sale in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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