#SR24188069, Aykui Zakarian, Listing Office: Maxwell Realty Inc
#25482263·
Listing Office: Keller Williams Beverly Hills·
Listing Agent: Dario Svidler·
Listing Office Phone: 310-432-6400
13840 Sherman Way Van Nuys, CA 91405
$4,575,000 List price
1.1 acres
Land
Property details
About 13840 Sherman Way
We are proud to present for sale a rare Vacant Lot, measuring over an Acre, with Entitlements for an 85-Unit 100% Affordable Housing Project in Van Nuys! At around 45,700 SF of open land, this price pencils to around $100 PSF on the dirt! Situated with an entrance on Sherman Way but sitting behind a duplex fronting the boulevard, this property will benefit from visibility on a busy road, but separation from the hustle and bustle of the street traffic. Sandwiched between Woodman Ave. and Hazeltine Ave., the property is under two miles from the Metrolink Station. The property is labeled as TOC 1. Walk Score calls this area Very Walkable, and future residents will benefit from restaurants, shopping and markets all around, including a Ralphs Supermarket and a Norms Restaurant half a block away. Entitlements are approved as Affordable Housing without utilizing ED1. The Project will be delivered in it's as-is condition, and will not be delivered RTI. Buyers to be solely responsible for continuing with the project and getting LADBS approvals. The Entitlements call for 80% of the units (67 units) designated as Low Income / Schedule 9, 20% of the units (18 units) as Moderate Income / Schedule 6, and one manager's unit. The Type V design consists of 53 one bedrooms, 14 two bedrooms and 19 studios, with laundry rooms on each floor, 72 surface level parking spaces open to the sky, an elevator and rooftop access. There is a future possibility to convert part of the massive open-to-the-sky surface parking lot into ADUs.
Highlights
Home typeOther
StatusActive
Lot size1.0527 Acres
MLS #25482263
Summary
- MLS Number: 25482263
- MLS Name: CRMLS
- Office Name: Keller Williams Beverly Hills
- Office Phone: (310) 432-6400
- Listing Agent: Dario Svidler
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$4,575,000
13840 Sherman Way
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 10, 2024 | Home Sold | $1,450,000 |
| Mar 15, 2012 | Home Sold | $700,000 |
| Oct 19, 2010 | Home Sold | $100,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $861,993 | $10,569 |
| 2023 | $845,092 | $10,364 |
| 2022 | $828,522 | $9,880 |
| 2021 | $812,277 | $9,819 |
| 2020 | $803,949 | $9,477 |
| 2019 | $788,186 | $9,442 |
| 2018 | $772,732 | $9,235 |
| 2017 | $757,581 | $9,235 |
History based on county public records data.
Nearby schools
5
Hazeltine Avenue Elementary School
Public District PK-5
0.3 mi
•7150 Hazeltine Ave
4
Andres and Maria Cardenas Elementary
Public District KG-5
0.5 mi
•6900 Calhoun Ave
4
Kittridge Street Elementary
Public District PK-5
0.7 mi
•13619 Kittridge St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,201. Most Van Nuys, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
32%
<35k
41%
35k-100k
19%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
37%
Single, No Kids
14%
Single, with Kids
21%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
42%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Little Caesars
Popeyes
What do the neighbors drive?
Honda
Dodge
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 13840 Sherman Way
This home is located at 13840 Sherman Way in Van Nuys, CA and zip code 91405 in the The San Fernando Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 14, 2025 and is currently priced at $4,575,000.
In January 2025 more than 294 listings in Van Nuys, CA were sold above the asking price. During the same period more than 161 listings were sold at asking price, while more than 545 were sold below. In January 2025 in Van Nuys, CA there were 20.1% more homes for sale than in December. The median list price of listings available in January 2025 was $1,035,435, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.