$5,990,000

14728 Friar Street, Van Nuys (los Angeles), CA 91411

  • 10,176 sqft
  • Property Icon other
  • Property Year Built Icon Built in 2026
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $589/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Presenting a rare ground-up multifamily development opportunity in Van Nuys, currently under construction with anticipated completion by January 2026. This offering provides investors with flexible delivery options either as-is for those seeking to complete the construction process or fully built and ready for lease-up and stabilization. At market rents, the project is projected to achieve an approximate 5% CAP rate. Additionally, it is uniquely situated within a federally designated Opportunity Zone, offering potential tax incentives for investors focused on long-term capital appreciation. Located in the heart of a rapidly transforming submarket, the site is surrounded by approximately 20 new multifamily developments within Van Nuys and borders high-growth neighborhoods such as Sherman Oaks and North Hollywood, where nearly 40 additional development projects are underway. Van Nuys continues to show strong rental demand and high occupancy levels, driven by a combination of job growth, population increases, and relative affordability compared to other parts of Los Angeles. The property's central location offers walkable access to local parks, Lake Balboa, coffee shops, restaurants, and everyday retail amenities. It also boasts excellent regional connectivity via the 405 and 101 fr

Listing Status:
Active
Date Added:
June 23, 2025 at 05:00AM
Listing Office:
Kidder Mathews of California, Inc. : 310-807-0880
Listing Agent:
Scott Rosenberg : 310-889-8738
MLS ID:
CL25555149
  • Appliances: Dryer
  • Laundry: DryerWasher
  • Flooring: Wood
  • Heating: Other
  • Parking: CoveredOtherSide By Side
  • General: ConcreteStucco
  • County: Los Angeles
  • Zoning: LAR32241007006
  • View: City LightsOther
  • 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 $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Sylvan Park Elementary

6238 Noble Ave, Van Nuys, CA, 91411

Grades KG-5

0.44 miles away

V

Van Nuys Middle School

5435 Vesper Ave, Sherman Oaks, CA, 91411

Grades 6-8

1.12 miles away

W

Will Rogers Continuation

14711 Gilmore St, Van Nuys, CA, 91411

Grades 9-12

0.17 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.