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11329 Sherman Way, 
Sun Valley, CA 91352

$3,495,000


12

Beds


29

Baths


11,351

Sq Ft


Multi-Family

Active

Listed by

Tony Azzi

Tony Azzi

310-909-5454

Last updated:

March 15, 2026, 02:26 PM

MLS#

26662809

Source:

CA CLAW

About This Home

11329 Sherman Way

Sherman Way Palace & Bakman Palms present a 28-unit multifamily investment opportunity across two adjacent parcels in Sun Valley. The offering includes a separately parceled fourplex (Bakman Ave), allowing for operational efficiencies through shared management while maintaining flexibility for future financing, refinancing, or potential individual disposition. Built in 19551956, the property totals approximately 11,351 square feet of improvements on a combined 25,278 SF lot and is zoned LAR3. The unit mix consists of (9) bachelor units, (8) studios, (10) one-bedroom/one-bath units, and (1) two-bedroom/two-bath unit, supporting broad tenant demand and stable occupancy. The asset offers strong in-place income with significant value-add potential, driven by mark-to-market rent growth and operational efficiencies. Ownership has completed multiple capital improvements, including copper plumbing, new windows, stone siding, fresh exterior paint, and gated entry, helping reduce near-term capital expenditure needs. Additional amenities include ample on-site surface parking and on-site laundry facilities, providing convenience for residents and additional income potential. Located in the eastern San Fernando Valley, the property benefits from convenient access to Burbank, North Hollywood, Panorama City, and Downtown Los Angeles, as well as proximity to Hollywood Burbank Airport, Interstate 5, and State Route 170, supporting strong workforce housing demand and long-term rental stability.

Home Facts

Multi-Family

29 Baths

12 Bedrooms

Built in 1956

Price Summary

3,495,000

$307 per Sq. Ft.

MLS #:

26662809

Last Updated:

March 15, 2026, 02:26 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

29

Interior

Living Area:

11,351 Sq. Ft.


Structure

Structure

Year Built:

1956


Lot

Lot Size (Sq. Ft):

25,278


Finances & Disclosures

Finances

Price:

$3,495,000

Price per Sq. Ft:

$307 per Sq. Ft.

Source:CA CLAW
The information being provided by The Mls/Claw is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 The Mls/Claw All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.