$970,000
●
House -
Off Market
15800 SHERMAN Way
Van Nuys, CA 91406
3 Beds
2 Baths
1,715 Ft²
$1,399,551
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
This hidden gem, a charming 1930's Spanish ranch, is reached via
private drive from the main road. The gated compound offers
privacy, space, and a huge swath of land for amazing indoor and
outdoor living. The main house is 1715 sqft and offers 3 bedrooms,
2 baths, plus a 1 bedroom 1 bath guest cottage with kitchen and a
2nd studio guest houses with own bath kitchenette. The interior of
the home has old world charm with hand-hewn wood beam ceilings,
parquet hardwood flooring, and 3 fire places, as well as modern
touches like skylights and central heat and air. The exterior
features a wide variety of fruit trees, a swimming pool, fire pit,
and a large patio with an outdoor fireplace for those cool
evenings. This unique property is truly a one-of-a-kind offering.
Unit Size
1,715 Ft²
Days on Market
75 days
Land Size
0.91 acres
Price per sqft
$539
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1935
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CLAW #18340904)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2019 | No longer available | - | |
| No longer available | |||
| May 11, 2019 | Relisted | $1,495,000 | |
| Relisted | |||
| May 10, 2019 | No longer available | - | |
| No longer available | |||
| Apr 15, 2019 | Listed | $1,495,000 | |
| Listed | |||
| | |||
|
Down a hidden private drive lies a magical Spanish compound that is as lovely as it is unique. The walled and gated property is an unexpected surprise that transports you to another era. The main home features 3 bedrooms and boasts rustic character and original charm with hardwood floors, fireplaces and original architectural details. Your private slice of Ojai-in-the-City, this property also features two detached guest cottages, one a studio with private bath and kitchenette and the other a one bedroom also with kitchenette and private bath. The astounding grounds, a massive acre of mature trees, private lawns and gardens, features a swimming pool and large motor-court. Originally part of a 19th century ranch, the home was constructed in the 1930s and has its historic pedigree beautifully intact. Available eclectically furnished or unfurnished for lease as well, endless opportunities abound with the unique configuration and private setting.
| |||
| Jul 19, 2018 | Sold | ||
| Sold | |||
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Valley
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Listed by: Neil McLean, Pacific Union International
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 18340904
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 18340904
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