AB 1482 PORTFOLIO
NYSE: MMI
Investment Offering
Van Nuys AB 1482 Portfolio
Van Nuys, CA | 34 Units | 3 Properties
NYSE: MMI$8,950,000
Aggregate Price
34
Units
$263,235
Price/Unit
$267
Price/SF
5.41%
Cap Rate
10.62
GRM
The Properties
13915 Sherman Way
15-Unit Townhouse-Style Multifamily
$3,950,000
15 (12 Townhome + 3 Flat)|1989|16,144 SF
- •12 two-story townhomes with 2.5 BA at ~1,100 SF each
- •Community pool, on-site laundry, 28-space garage
- •Manager unit delivered vacant at COE (~$30K/yr lease-up)
- •Two legacy tenants at $1,184/mo vs $2,600+ achievable
Sold
6034 Fulton Ave
12-Unit Mixed Floor Plan Multifamily
$3,150,000Sold
12 (4x 1BR + 4x 1BR+Loft + 4x 2BR)|1990|9,614 SF
- •Three distinct floor plans: flats (625 SF), lofts (850 SF), 2BR (950 SF)
- •0.3 miles from LA Valley College (20,000 students)
- •1.83:1 parking ratio, well above market standard
- •10 of 12 tenants on month-to-month leases
6860 Woodley Ave
7-Unit All-2BR/2BA Multifamily
$1,850,000
7 (All 2BR/2BA)|1988|7,830 SF
- •Uniform 2BR/2BA flats at ~1,050 SF each
- •Full HVAC replacement Aug 2025 (10-year warranty)
- •Two water heater replacements Jan 2025
- •Walking distance to Lake Balboa Park (70 acres)
Interested?
Request the Offering Memorandum
Complete the form below to receive the full Offering Memorandum for each property, including detailed financials, rent rolls, comparable sales, and due diligence materials.