$3,250,000
SOLD SEP 12, 2025

16731 Sherman Way Van Nuys, CA 91406

Lake Balboa Neighborhood
22 Beds
14 Baths
11,326 Sq Ft
10,642 Sq Ft Lot

Recently Sold

$287 Per Sq Ft

1% Below List Price

26 Days on Market

Highlights

  • Gated Parking
  • Central Heating and Cooling System
  • 1-Story Property
  • Built-In Features
  • Controlled Entrance

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Janette Monfared

Marcus & Millichap License #00765098 Listed on: 06/11/2025

Last Buyer's Agent

Casey Picard

Keller Williams Realty License #01921866

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 10,642 Sq Ft Lot
  • Lot Dimensions are 76x120

Home Design

  • Split Level Home

Interior Spaces

  • 11,326 Sq Ft Home
  • 1-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 14 Bathrooms

Parking

  • 26 Parking Spaces
  • Gated Parking
  • Parking Garage Space
  • Controlled Entrance

Utilities

  • Central Heating and Cooling System

Community Details

  • 13 Units

Listing and Financial Details

  • Assessor Parcel Number 2226-018-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 11326
  • Lot Acreage: 0.2443
  • Lot Dimensions: 76x120
  • Stories: 1
  • Year Built: 1986
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 22
  • Total Bathrooms: 14.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 290.92

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Community Garage, Controlled Entrance, Covered Parking, Gated
  • Total Parking: 26

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 2226-018-020
  • Lot Size Area: 10642

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 13
  • Total Annual Expense: 96630
  • Type Of Units: apartments
  • Vacancy Rate: 3

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2025 09/12/25 Sold $3,250,000 -1.4% $287 / Sq Ft
07/07/2025 07/07/25 Pending -- -- --
06/11/2025 06/11/25 For Sale $3,295,000 -- $291 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Janette Monfared

    Seller's Agent in 2025

    Janette Monfared

    Marcus & Millichap

    (818) 212-2700

    1 in this area

    22 Total Sales

    Janette Monfared
    Section Image
  • Casey Picard

    Buyer's Agent in 2025

    Casey Picard

    Keller Williams Realty

    (626) 376-9233

    1 in this area

    22 Total Sales

    Casey Picard
    Section Image
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Map

Source: The MLS

MLS Number: 25551363

The MLS
California Los Angeles County Van Nuys 91406 Lake Balboa

16731 Sherman Way, Van Nuys, CA

This home is located at 16731 Sherman Way, Van Nuys, CA 91406 and is currently priced at $3,250,000, approximately $286 per square foot. This property was built in 1986. 16731 Sherman Way is a home located in Los Angeles County with nearby schools including Gault Street Elementary School, William Mulholland Middle, and Birmingham Community Charter High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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