$12,500,000

14629 Erwin Street, Van Nuys (los Angeles), CA 91411

  • 24,115 sqft
  • Property Icon other
  • Property Year Built Icon Built in 2025
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $518/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Our team is pleased to present a brand-new, 22-unit multifamily property located in the vibrant heart of Van Nuys, CA. This newly developed project has received its TCO and is awaiting the Certificate of Occupancy, offering a turnkey investment opportunity with the potential to stabilize at over a 5% CAP rate at market rents. The property features 23 dedicated parking spaces within a secure, gated entrance, as well as spacious, thoughtfully designed units each with a private balcony and in-unit washer and dryer. Two expansive penthouse units boast enormous balconies, and all units are currently vacant.Uniquely situated in an opportunity zone, the property sits in a thriving neighborhood with approximately 20 new multifamily development projects in the Van Nuys submarket. It also borders dynamic areas like Sherman Oaks and North Hollywood, where nearly 40 major development projects are underway. The submarket has demonstrated proven strong rental demand and consistently high occupancy rates, driven by job growth, relative affordability, and a growing population. Conveniently positioned near Van Nuys Airport and Lake Balboa, the property offers easy access to trendy eateries, coffee shops, parks, and a vibrant nightlife scene.

Listing Status:
Active
Date Added:
June 5, 2025 at 05:00AM
Listing Office:
Kidder Mathews of California, Inc. : 310-807-0880
Listing Agent:
Scott Rosenberg : 310-889-8738
MLS ID:
CL25549049
  • Appliances: Dryer
  • Laundry: DryerWasher
  • Flooring: Wood
  • Heating: Electric
  • Parking: CoveredAssignedOtherSide By Side
  • General: ConcreteStucco
  • County: Los Angeles
  • Zoning: LAR32241011021
  • View: City Lights
  • Utilities: Other Water/Sewer
  • Water: Other
  • Sewer: Other

This listing courtesy of Scott Rosenberg, Kidder Mathews of California, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Van Nuys Elementary School

6464 Sylmar Ave, Van Nuys, CA, 91401

Grades KG-5

0.45 miles away

V

Van Nuys Middle School

5435 Vesper Ave, Sherman Oaks, CA, 91411

Grades 6-8

1.00 miles away

W

Will Rogers Continuation

14711 Gilmore St, Van Nuys, CA, 91411

Grades 9-12

0.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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14631 Erwin Street, Van Nuys (los Angeles), CA 91411
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  • 0.32 acre lot
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