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$ 12,500,000
Est. payment /mo
New
14629 Erwin ST Van Nuys, CA 91411
49 Beds
40 Baths
24,115 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,115 sqft
Price per Sqft $518
MLS Listing ID 25549049
Bedrooms 49
HOA Y/N No
Year Built 2025
Lot Size 0.322 Acres
Property Description
Kidder Mathews 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 unitseach 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.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Heating Electric
Flooring Wood
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Covered
Community Features Gated
Total Parking Spaces 23
Building
Story 5
Entry Level Three Or More,Multi/Split
Level or Stories Three Or More, Multi/Split
New Construction Yes
Others
Senior Community No
Tax ID 2241011021
Security Features Fire Sprinkler System,Security Gate,Gated Community,24 Hour Security
Special Listing Condition Standard
Listed by Scott Rosenberg • Kidder Mathews of California, Inc.
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