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16805 Sherman Way

Lake Balboa, CA 91406
  • $950,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: SR25041364
$950,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Nelson Rodriguez of Park Regency Realty (818-363-6116)


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 2bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. Each unit has a dedicated off street parkingspace. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 squarefeet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high WalkScore 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 Parkwith its boating lake, golf course, and comprehensive sport amenities and activities. Call now for allthe details and Ill gladly arrange a private tour.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T21:29:32.57. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160849247
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16805 Sherman Way Lake Balboa, CA 91406

  • Price: $950,000
  • Status: Active
  • On Site: 21 Days
  • ID#: SR25041364
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1948
Built
Neighborhood:
LKBL - Lake Balboa
County:
Los Angeles
Area:
LKBL - Lake Balboa
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 2bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. Each unit has a dedicated off street parkingspace. Landlord pays for water, tenants pay for gas and electricity. It has a total of 2,272 squarefeet of living space. Zoned LARD2. Sweeping 6,915 square foot corner lot. Property has a high WalkScore 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 Parkwith its boating lake, golf course, and comprehensive sport amenities and activities. Call now for allthe details and Ill gladly arrange a private tour.
Exterior Features

Architectural Style Traditional Construction Materials Stucco Entry Level 1 Entry Location 1 Foundation Details Raised Lot Features Corner LotRectangular Lot Number Of Separate Electric Meters 0 Open Parking Spaces 3 Parking Features ConcreteUncovered Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Flooring Laminate Interior Features Ceiling Fan(s)Crown MoldingAll Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features SidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 4027 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 0 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Utilities Sewer Available Water Sewer Expense 0 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T21:29:32.57. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Nelson Rodriguez of Park Regency Realty (818-363-6116)