19103 Sherman Way, Reseda, CA 91335 - Berkshire Hathaway HomeServices California Properties
19103 Sherman Way Reseda, CA 91335
$2,000,000 9 beds, 10 baths
8, 398 sqft

Agent Remarks

Situated at the highly visible corner of Sherman Way and Vanalden Avenue, the property allows tenants convenient access to the revitalized Warner Center and Woodland Hills neighborhoods, including several new and proposed development projects. The new Topanga Village and recently opened Topanga Social are a short drive southwest of the building. The entitled Promenade 2035 mixed-use campus, which could span 35 acres and may include a new sports and entertainment complex for the Los Angeles Rams to use as a practice facility, in addition to 280,000 square feet of restaurant and retail offerings, hotels, offices, and residential units, could be developed nearby via a $1.5 billion infusion of capital into the local area. The subject property features full copper plumbing, while the new roof was installed in 2021. That same year, all required seismic retrofit repairs were also completed (Buyer to verify), allowing a new owner to benefit from significantly reduced deferred maintenance expenses. A new investor can add substantial value to the asset and also improve cash flow dramatically by recapturing the approximate 49% in rent upside. In addition to this rent upside, there are three units that are currently non-conforming, producing an extra $3,044 in monthly revenue. Yet another income stream is provided by the on-site laundry facilities at the property.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25553143
List price is $2,000,000
Beds: 9
Baths: 10
Built in 1968
8,398 sqft
2 stories
0.17 acres
Lot size: 0.1656
County: Los Angeles
Zoning: LAR3
Parking description: Assigned
MLS area: RES - Reseda

Last Updated: 6/24/2025

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This listing belongs to the RES - Reseda MLS area

Lat/Long: 34.201515, -118.549329.
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Listing Agent: Roderick 'Rick' Raymundo
Lic#: 01234982
Office Name: Mission Viejo

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