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16753 Sherman Way

16753 Sherman Way, Van Nuys, CA 91406
Multifamily in Lake Balboa
Sold Apr 02, 2018
$685,000
Sold Jul 31, 2013
$425,000
$260,000 by Arsen Mkrtchyan
Mortgage Due Aug 01, 2015
16753 Sherman Way has been categorized by the local assessors in Van Nuys, CA as a residential type of property. The building on the property was first built in 2019 and is 5 years old. The home has a total of 8 rooms. 16 of these rooms are legally considered as bedrooms. Residents will have access to 16 full bathrooms. There are 16 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 16753 Sherman Way has 8,094 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,400 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,005 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. The property was last sold in Mar 23, 2018 for $685,000. That's $84.63 per sqft. Prior to that sales transaction, the property was also sold in Jun 19, 2013 for $425,000. 16753 Sherman Way was last assessed in 2023. The total value of the property was assessed at $1,706,587. Specifically, the land the property is located on was valued at $777,346. While improvements on the property were assessed at a total of $929,241. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $20,430. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Condition

New Construction

Exterior

Stucco Exterior

Parking

Carport
Attached Garage

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 16
  • Bathroom Count: 16
  • Full Bathrooms: 16
  • Partial Bathrooms: 16
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,005
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 8,094
  • Building Area: 8,094
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 8,094
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 9155
  • Land Acres: 0.161
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: TRACT NO 9155 LOT/SEC 10

Ownership

  • Current Owner : MORRAD CHAIM
  • Current Owner 2: ROSEN AARON
  • Previous Owner : CHALFANT MICHELE A
  • Owner Before Previous Owner: KETCHOYAN MICHELE A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 132102

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 14-F3
  • Subdivision Tract Number: 9155
  • Parcel: 2226-019-004
  • Lot: 10
  • Municipality: NORTH /VAN NUYS WEST
  • Latitude: 34.2015
  • Longitude: -118.498

    Address

  • Full Address: 16753 Sherman Way
  • Address - House Number: 16753
  • Address - Street Name: Sherman
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Van Nuys
  • Carrier Code: C021
  • 4-Digit Zip Code: 3737
  • Zip Code: 91406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,430
  • Tax Rate Code Area: 00-016

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 96
  • Final Value: 2,512,420
  • High Value: 2,682,640
  • Low Value: 2,342,199

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,706,587
  • Assessed Land Value: $777,346
  • Assessed Improvements Value: $929,241

    Sales

  • Current Sale Contract Date: Mar 23, 2018
  • Current Sale Recording Date: Apr 02, 2018
  • Current Sale Transaction ID: 11443783798
  • Current Sale Price: $685,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-0312167
  • Previous Sale Recording Date: Jul 31, 2013
  • Previous Sale Contract Date: Jun 19, 2013
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CIVIC FINANCIAL SERVICES LLC
  • First Mortgage Transaction Date: Apr 02, 2018
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Apr 01, 2019

    Previous Mortgages

  • Previous Mortgage Lender: ARSEN MKRTCHYAN
  • Previous Mortgage Transaction Date: Jul 31, 2013
  • Previous Mortgage Loan Amount: $260,000
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2015

About South Valley



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Frequently Asked Questions

What neighborhood is 16753 Sherman Way located in?
The 16753 Sherman Way is a multifamily located in the neighborhood of Lake Balboa in South Valley, Van Nuys.
What is the average sales price for listings in 16753 Sherman Way?
The average sales price for units in 16753 Sherman Way is $0 currently.

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