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16805 Sherman Way

Lake Balboa, CA 91406
  • $950,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: SR25041364
UPDATED: 51 min ago
$950,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood, and at this competitive price point its a great investment opportunity for any investor or developer. It has a Sherman Way address but all entrances are on Forbes Avenue. The units consist of one 2 bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. Each unit has a dedicated off street parking space. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 square feet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high Walk Score of 71; Meaning the location is Very Walkable so most errands can be accomplished on foot. Close to restaurants, grocery stores, and a very short drive to the 405 freeway and Lake Balboa Park with its boating lake, golf course, and comprehensive sport amenities and activities. Call now for all the details and Ill gladly arrange a private tour. Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood, and at this competitive price point its a great investment opportunity for any investor or developer. It has a Sherman Way address but all entrances are on Forbes Avenue. The units consist of one 2 bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. Each unit has a dedicated off street parking space. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 square feet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high Walk Score of 71; Meaning the location is Very Walkable so most errands can be accomplished on foot. Close to restaurants, grocery stores, and a very short drive to the 405 freeway and Lake Balboa Park with its boating lake, golf course, and comprehensive sport amenities and activities. Call now for all the details and Ill gladly arrange a private tour.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/161062340
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16805 Sherman Way Lake Balboa, CA 91406

  • Price: $950,000
  • Status: ACTIVE
  • On Site: 22 Days
  • Updated: 51 min ago
  • ID#: SR25041364
4
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Van Nuys (91406)
County:
Los Angeles
Area:
Van Nuys (91406)
Property Description
Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood, and at this competitive price point its a great investment opportunity for any investor or developer. It has a Sherman Way address but all entrances are on Forbes Avenue. The units consist of one 2 bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. Each unit has a dedicated off street parking space. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 square feet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high Walk Score of 71; Meaning the location is Very Walkable so most errands can be accomplished on foot. Close to restaurants, grocery stores, and a very short drive to the 405 freeway and Lake Balboa Park with its boating lake, golf course, and comprehensive sport amenities and activities. Call now for all the details and Ill gladly arrange a private tour. Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood, and at this competitive price point its a great investment opportunity for any investor or developer. It has a Sherman Way address but all entrances are on Forbes Avenue. The units consist of one 2 bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. Each unit has a dedicated off street parking space. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 square feet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high Walk Score of 71; Meaning the location is Very Walkable so most errands can be accomplished on foot. Close to restaurants, grocery stores, and a very short drive to the 405 freeway and Lake Balboa Park with its boating lake, golf course, and comprehensive sport amenities and activities. Call now for all the details and Ill gladly arrange a private tour.
Exterior Features

Exterior Stucco Lot Dimensions Approx 6915 Pool N/K Roof Composition Site Corner LotSidewalks Spa N/K

Interior Features

Cooling Wall/Window Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Annual Expense Actual 0 Buildings 3 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 0 Home Owners Fees 0.0 Possession Close of Escrow Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1583.0 Unit2 Rent Actual 1222.0 Unit3 Rent Actual 1222.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Nelson Rodriguez of Park Regency Realty: 818-645-3077. Listing information © 2025 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037