11329 Sherman Way, Sun Valley, CA 91352
11329 Sherman Way, Sun Valley, CA 91352
11329 Sherman Way, Sun Valley, CA 91352
11329 Sherman Way, Sun Valley, CA 91352
11329 Sherman Way, Sun Valley, CA 91352
11329 Sherman Way, Sun Valley, CA 91352
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Armand Martin

Armand Martin

+1(661) 221-5011
$ 3,495,000
Est. payment | /mo

12 Beds

29 Baths

11,351 SqFt

Save
$ 3,495,000
Est. payment | /mo
Save

12 Beds

29 Baths

11,351 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,351 sqft

Price per Sqft $307

MLS Listing ID 26662809

Bedrooms 12

Year Built 1956

Lot Size 0.580 Acres

Acres 0.4335

Property Sub-Type Multi-Family

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, 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.

Location

State CA

County Los Angeles

Area Sun Valley

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Carport

Garage Spaces 22.0

Building

Story 2

Level or Stories One, Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Tony Azzi

Nearby Locations

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message

By checking this box, I agree to receive recurring marketing communication from Armand Martin, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

Go tour this home

11329 Sherman Way