19350 Sherman Way Unit 338
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Nearby Schools
Educational options and performance ratings in the area.
Shirley Avenue Elementary School
John A. Sutter Middle School
Reseda Senior High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This Los Angeles condo offers an entry-level purchase price of $399,000, which is rare for the market. However, from a conservative investment standpoint, the property is currently non-viable due to a negative monthly cash flow of -$219.42, despite a decent rental yield of 5.41%. High HOA fees, rising property taxes, and potential assessment risks typical of older condos further erode margins. While a 4% annual appreciation rate provides long-term equity growth, the ongoing monthly out-of-pocket deficit poses an immediate cash-drag risk. This property is only suitable for appreciation-focused buyers with high capital reserves, not cash-flow investors.
- • Low entry-level price point under $400,000 for the Los Angeles metro area
- • High rental demand for 2-bed, 2-bath configurations in the San Fernando Valley
- • Consistent 4% projected annual long-term market appreciation
- • Negative monthly cash flow of -$219.42 requiring ongoing out-of-pocket subsidies
- • Susceptibility to rising HOA fees and unpredictable special assessments
- • Strict condo association rental restrictions could impact leasing flexibility
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-05-10 | Price change | $399,000 | $470 |
| 2026-03-24 | Listed for sale | $420,000 | $495 |
| 2025-10-09 | Listing removed | $2,800 | $3 |
| 2025-08-01 | Price change | $2,800 | $3 |
| 2025-07-21 | Price change | $2,930 | $3 |
| 2025-07-17 | Listed for rent | $3,199 | $4 |
| 2022-08-09 | Sold | $410,000 | $483 |
| 2022-07-22 | Pending sale | $425,000 | $501 |
| 2022-07-12 | Listed for sale | $425,000 | $501 |
| 2022-07-07 | Pending sale | $425,000 | $501 |
| 2022-07-01 | Price change | $425,000 | $501 |
| 2022-06-23 | Listed for sale | $435,000 | $512 |
| 2020-03-20 | Sold | $319,000 | $376 |
| 2020-03-13 | Price change | $329,000 | $388 |
| 2020-03-11 | Listed for sale | $319,000 | $376 |
| 2020-03-11 | Pending sale | $319,000 | $376 |
| 2019-12-14 | Price change | $319,000 | $376 |
| 2019-12-08 | Listed for sale | $335,000 | $395 |
| 2019-10-06 | Listing removed | $350,000 | $412 |
| 2019-07-27 | Price change | $350,000 | $412 |
| 2019-07-10 | Listed for sale | $375,000 | $442 |
| 2016-07-20 | Sold | $233,500 | $275 |
| 2009-09-23 | Sold | $180,000 | $212 |
| 2000-07-28 | Sold | $90,000 | $106 |
| 2000-05-05 | Sold | $78,000 | $92 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,196.92 | $426,563 |
| 2024 | $5,137.4 | $418,200 |
| 2023 | $5,037.82 | $410,000 |
| 2022 | $4,732.72 | $328,749 |
| 2021 | $3,896.42 | $322,304 |
| 2020 | $3,916.02 | $247,789 |
| 2019 | $3,079.81 | $242,932 |
| 2018 | $2,945.51 | $238,170 |
| 2017 | $2,945.51 | $233,500 |
| 2016 | $2,878.86 | $196,269 |
| 2015 | $2,419.65 | $193,322 |
| 2014 | $2,398.74 | $189,536 |
| 2012 | $0 | $138,000 |
| 2011 | $0 | $170,000 |
| 2010 | $0 | $180,000 |
| 2009 | $0 | $128,707 |
| 2008 | $0 | $126,184 |
| 2007 | $0 | $123,711 |
| 2006 | $0 | $121,286 |
| 2005 | $0 | $121,286 |
| 2004 | $0 | $116,578 |
| 2003 | $0 | $114,443 |
| 2002 | $0 | $112,200 |
| 2000 | $0 | $54,020 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $18,268/yr
On $91,770 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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