$1,650,000
SOLD AUG 13, 2025 RENTED AUG 29, 2025
3 Beds
1 Bath
1,152 Sq Ft
7,496 Sq Ft Lot

Recently Sold

$1,432 Per Sq Ft

34% Below List Price

148 Days on Market

About This Home

As of August 2025

Matthews Real Estate Investment Services is pleased to present 17610 Sherman Way apartments, a vacant and brand new 2024 construction apartment building. 17610 Sherman Way is situated on a prominent stretch of Sherman Way, and in the beautiful residential neighborhood of Van Nuys, California. This charming property showcases a distinctive unit mix, featuring (1) large three-bedroom, two-and-a-half-bath unit, (2) town-house-style two bedroom, one-and-a-half-bath units, and (1) front house three-bedroom, one-and-a-half-bathroom unit. All units have in-unit washer and dryers and central air. In addition to convenient street parking, the property also provides garages with nine parking spaces, ensuring residents' comfort and convenience. 17610 Sherman Way also features a central courtyard, and separate meters, which allows ownership to only pay for water. With its prime location well-appointed features, 17610 Sherman Way presents an exceptional investment opportunity. *Newly constructed (2024) multifamily building with four units*Excellent Unit Mix: (2) 2+2.5, (1) 3+1.5, (1) 3+2.5 units*Property is delivered 100% vacant*Separate electric and gas meters*Property not subject to rent control*Buildings totals 5,007 SF, situated on a 7,494 SF lot*Close proximity to major employers and schools K-12*Convenient access to public transportation and to the 405 and 101 Freeways. (Unit 1: 3+1.5 1,152 SF - Rent: $3,050 ;Unit 2: 2+2.5 1,207 SF - Rent: $3,850; Unit 3: 2+2.5 1,207 SF - Rent: $3,850; Unit 4: 3+2.5 1,440 SF - Rent: $3,950)

Last Agent to Sell the Property

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 01/29/2025

Last Buyer's Agent

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 01/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,063

Year Built

  • Built in 2024

Lot Details

  • 7,496 Sq Ft Lot
  • Lot Dimensions are 60x125

Parking

  • 4 Parking Spaces

Home Design

  • Split Level Home

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2228-021-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,063

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Living Area: 1152
  • Lot Acreage: 0.1721
  • Lot Dimensions: 60x125
  • Stories: 1
  • Year Built: 2024
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 1731.77

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 4

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 87.08
  • Assessed Improvement Value: 330232
  • Assessed Land Percent: 12.92
  • Assessed Land Value: 49000
  • Total Assessed Value: 379232
  • Assessor Parcel Number: 2228-021-006
  • Lot Size Area: 7496

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.49
  • Number Of Units: 4
  • Total Annual Expense: 45921
  • Type Of Units: Apartments
  • Vacancy Rate: -3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2025
Closed on
Aug 8, 2025
Sold by
Ginsburg Selwyn and Ginsburg Sandra
Bought by
Eshaghian Joseph
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
Daniel Withers
Matthews Real Estate Investment Services
List Price
$2,500,000
Sold Price
$1,650,000
Premium/Discount to List
-$850,000
-34%
Views
26
Current Estimated Value
$1,012,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$637,199
Avg. Annual Appreciation
-99.99%

Purchase Details

Listed on
Jan 29, 2025
Closed on
Jul 19, 2025
Sold by
Montegrande Faye Marie
Bought by
Eshaghian Joseph
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
Daniel Withers
Matthews Real Estate Investment Services
List Price
$2,500,000
Sold Price
$1,650,000
Premium/Discount to List
-$850,000
-34%
Views
26
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,650,000 Wfg National Title
Grant Deed -- Wfg National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Under Contract -- -- --
08/25/2025 08/25/25 For Rent $3,050 0.0% --
08/13/2025 08/13/25 Sold $1,650,000 -17.3% $1,432 / Sq Ft
06/26/2025 06/26/25 Pending -- -- --
05/16/2025 05/16/25 Price Changed $1,995,000 -11.3% $1,732 / Sq Ft
03/28/2025 03/28/25 Price Changed $2,250,000 -10.0% $1,953 / Sq Ft
01/29/2025 01/29/25 For Sale $2,500,000 -- $2,170 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,063 $386,816 $49,980 $336,836
2024 $5,063 $379,232 $49,000 $330,232
2023 $4,965 $371,797 $48,040 $323,757
2022 $4,733 $364,508 $47,099 $317,409
2021 $4,532 $357,362 $46,176 $311,186
2019 $1,119 $67,196 $44,807 $22,389
2018 $1,015 $65,879 $43,929 $21,950
2016 $961 $63,323 $42,224 $21,099
2015 $950 $62,373 $41,590 $20,783
2014 $963 $61,152 $40,776 $20,376
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 25491467

The MLS

APN: 2228-021-006