USACASun ValleyNot Applicable11329 Sherman Way
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11329 Sherman Way, Sun Valley, CA

House

For Sale

Listed price in listed location currency (USD).
$3,495,000

122922

MLS® 26662809

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 11351 sqft
Garage 
Taxes 
Days Active 39
Lot Size 
Approx. Age 1956
Avg. Price Per Sqft $307
MLS® Number 26662809

Property Address: 11329 Sherman Way, Sun Valley, CA, 91352-4945

Average square foot calculated using Size range provided by listing agent.

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, Panorama City, and Downtown Los Angeles, as well as proximity to Hollywood Burbank Airport, Interstate 5, and State Route 170, supporting strong workforce housing demand and long-term rental stability.
MLS® Number26662809
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1956
Basement
DrivewayCarport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 11, 2026List Date
$3,495,000List Price
  • Commute

Commute

Starting Address
Destination Address
11329 Sherman Way, Sun Valley, CA

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