$3,495,000

11329 Sherman Way, Sun Valley (los Angeles), CA 91352

11,351 sqft

other
Built in 1956
0.58acre lot
—— car garage
$308/sqft
Listed 1 month ago

Property Description

Sherman Way Palace & Bakman Palms present a 28-unit multifamily investment opportunity across two adjacent parcels in Sun Valley. The offering includes a separately parceled fourplex (Bakman Ave), allowing for operational efficiencies through shared management while maintaining flexibility for future financing, refinancing, or potential individual disposition. Built in 19551956, the property totals approximately 11,351 square feet of improvements on a combined 25,278 SF lot and is zoned LAR3. The unit mix consists of (9) bachelor units, (8) studios, (10) one-bedroom/one-bath units, and (1) two-bedroom/two-bath unit, supporting broad tenant demand and stable occupancy. The asset offers strong in-place income with significant value-add potential, driven by mark-to-market rent growth and operational efficiencies. Ownership has completed multiple capital improvements, including copper plumbing, new windows, stone siding, fresh exterior paint, and gated entry, helping reduce near-term capital expenditure needs. Additional amenities include ample on-site surface parking and on-site laundry facilities, providing convenience for residents and additional income potential. Located in the eastern San Fernando Valley, the property benefits from convenient access to Burbank, North Hollywood,

Listing Status:: Active
Date Added:: February 12, 2026
Data Last Updated:: April 2, 2026 at 3:08AM
Listing Office:: Tony Azzi : 310-909-5454
Listing Agent:: Tony Azzi : 310-909-5454
MLS ID:: CL26662809

Parking: Other

Originating MLS: CRMLS
County: Los Angeles

Zoning: LAR32315022010

Source: CRMLS

This listing courtesy of Tony Azzi , Tony Azzi

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Camellia Avenue Elementary School

7451 Camellia Ave, North Hollywood, CA, 91605

Grades KG-5

0.40 miles away

Sun Valley Magnet

7330 Bakman Ave, Sun Valley, CA, 91352

Grades 6-8

0.19 miles away

Charles Leroy Lowman Special Education and Career Transition Center

12827 Saticoy St, North Hollywood, CA, 91605

Grades KG-12

2.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.