6923 Sherman Way

Bell, CA 90201

$1,250,000
Last Sold Price
5
Beds
8
Baths
3,600 Sq. Ft.
$347 / Sq. Ft.
3,600
Sq. Ft.
$347
per Sq. Ft.

Description

Incredible Income Property on a large 15,481 Sq. Ft "L" shaped lot features three detached one bedroom, 1 bath units with its own parking space, and each detached unit is approximately 400 Sq. Ft. and they each have their own electric and gas meter. The building in the rear has four units all one bedroom and one bath and sq. ft. range from 360 Sq. Ft. to 500 Sq. Ft; two of the units in the four unit building appear to share a gas and electric meter. The single story detached home in the rear has...Incredible Income Property on a large 15,481 Sq. Ft "L" shaped lot features three detached one bedroom, 1 bath units with its own parking space, and each detached unit is approximately 400 Sq. Ft. and they each have their own electric and gas meter. The building in the rear has four units all one bedroom and one bath and sq. ft. range from 360 Sq. Ft. to 500 Sq. Ft; two of the units in the four unit building appear to share a gas and electric meter. The single story detached home in the rear has 2 bedrooms, 1 bath and 905 Sq. Ft. gas and electric meters, this house was also renovated inside late last year with new interior paint, plank floorings, window coverings. There is a community laundry room that the equipment is owned not leased. All units are equipped with natural gas wall heaters; there is a building with two single enclosed garage.
  1. Listed by Desi Reyes • DRE #00903732 • Brokerage DRE #01008773 • First Team Real Estate • 714-264-8473

Property Details for 6923 Sherman Way

View
None
Parking Spaces Total
12
Private Pool
No
Cooling Type
Wall/Window
Total Units
8.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3600

Location

Listing Courtesy of First Team Real Estate, Desi Reyes, DRE #00903732

Sold By Keller Williams SELA, Victor Ambriz Jr, DRE #00952349

Add your commute
LISTING UPDATED: 04/25/2024 09:06 AM

Property Details for 6923 Sherman Way

StatusClosed
MLS #PW24043070
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
CountyLos Angeles County

Location

Listing Courtesy of First Team Real Estate, Desi Reyes, DRE #00903732

Sold By Keller Williams SELA, Victor Ambriz Jr, DRE #00952349

Add your commute

Building Information for 6923 Sherman Way

Building/Complex6923 Sherman WayFloor-Stories1Residences-Pet Policy-Year Built1938Building Size-

Payment Calculator

$7,761 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$939

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6923 Sherman Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $109,380
  • Gross Scheduled Income: $109,380
  • Gross Operating Income: $109,380
  • Net Operating Income: $76,566
  • Financing: Private
Expense Details
  • Operating Expense: $32,814
  • Operating Expense Percent: 30.00%
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 4056
  • CFD/Mello-Roos Fee: $2,635
  • Tax Lot: 23
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Roof: Shingle
  • Entry Location: Ground Level
  • Fence: Yes
  • Fence: Wire
  • Fencing: Block, Wire
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage - 1 Car
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Garage - Single Door
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $968
  • Unit Type Total Rent: $4,840
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,003
  • Unit Type Total Rent: $1,003
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,072
  • Unit Type Total Rent: $1,072
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2

Property History for 6923 Sherman Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6923 Sherman Way

Taxable ValueLand$306,628Additions$281,748Total$588,376
Tax Record2023$11,266 ($939 / month)
Home Facts
Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtLot Size15,481 SqFtStyleMulti-Family Res (5+ Units)Year Built1938ZoningBLR3YYCountyLOS ANGELESAPN6327-016-023

Schools near 6923 Sherman Way

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Elizabeth Learning Center
PublicK to 12

Bell Senior High School
Public9 to 12

Maywood Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Team Real Estate, Desi Reyes, DRE #00903732

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.