$10,000 Closing Credit¹
#SB25049320, Tiffany McGuinness, Listing Office: Estate Properties
#SR25041364·
Listing office: Park Regency Realty·
Listing agent: Nelson Rodriguez·
Listing office phone: 818-645-3077
$950,000 List price
16805 Sherman Way Lake Balboa, CA 91406
$10,000
Closing credit¹
0.2 acres
Multi-Family
Property details
About 16805 Sherman Way
Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood, and at this competitive price point it’s 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 I’ll gladly arrange a private tour.
Highlights
Home typeTriplex
StatusActive
CoolingWall/Window Unit(s)
Lot size0.1587 Acres
Year built1948
ParkingConcrete, Uncovered
MLS #SR25041364
Summary
- MLS Number: SR25041364
- MLS Name: CRMLS
- Office Name: Park Regency Realty
- Office Phone: (818) 645-3077
- Listing Agent: Nelson Rodriguez
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: 4/17/2025, 6:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$950,000
16805 Sherman Way
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
7
Gault Street Elementary School
Public District PK-5
0.3 mi
•17000 Gault St
4
Anatola Avenue Elementary School
Public District KG-5
0.9 mi
•7364 Anatola Ave
7
Stagg Street Elementary
Public District PK-5
0.9 mi
•7839 Amestoy Ave
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 $57,855. The majority of Lake Balboa, CA residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
30%
<35k
45%
35k-100k
19%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
37%
Single, No Kids
12%
Single, with Kids
25%
Married, No Kids
26%
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
21%
18-34 yrs old
45%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Hiking/backpacking
Live Theatre
Where do the neighbors shop?
IKEA
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Boston Market
What do the neighbors drive?
Lexus
Audi
Mercedes
What do the neighbors listen to?
Soft Adult Contemporary- Alternative
News
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 16805 Sherman Way in Lake Balboa, CA and zip code 91406 in the The San Fernando Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $950,000.
In March 2025, from all listings sold in Lake Balboa, CA there were more than 302 sold above asking price, over 322 sold below and more than 116 were sold right at the asked price. The number of homes for sale in Lake Balboa, CA increased by 13.7% between February and March 2025. Listings spent 39 days on the market in March 2025, and had a median list price of $940,937 during the same period.
From Rocket Homes Real Estate and based on county public records data.