14629 Erwin St, Van Nuys, CA 91411
14629 Erwin St, Van Nuys, CA 91411
14629 Erwin St, Van Nuys, CA 91411
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$10,950,000
Est. payment /mo
49 Beds
40 Baths
24,115 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,115 sqft

Price per Sqft $454

MLS Listing ID 25549049

Style Contemporary

Bedrooms 49

Construction Status New Construction

Year Built 2025

Lot Size 0.322 Acres

Acres 0.322

Property Sub-Type Multi-Family

Property Description

This newly constructed multifamily development represents a rare turnkey opportunity in the heart of Van Nuys. The project has secured its TCO and is pending final Certificate of Occupancy, positioning an investor to move directly into lease-up, with seven (7) units already occupied at pro forma rents, providing early income validation and a strong foundation for stabilization at a projected 5.41% market cap rate, allowing for immediate lease-up and optimized rental execution. The units are thoughtfully designed with spacious layouts, private balconies, and in-unit washer/dryers, while two oversized penthouse units crown the building and offer expansive outdoor living areas. The property also features 30 dedicated parking spaces secured behind a gated entrance, providing residents with both convenience and peace of mind. The asset is situated within one of the Valley's most active development corridors, with approximately 20 new multifamily projects underway in Van Nuys and nearly 40 additional developments progressing in adjacent neighborhoods such as Sherman Oaks and North Hollywood, reflecting sustained rental demand, high occupancy levels, continued employment growth, and relative affordability compared to nearby submarkets. The location provides residents with excellent access to parks, outdoor recreation, and a variety of nearby restaurants, cafs, and shopping destinations, while its central positioning within the Valley ensures convenient connectivity to major employment hubs and lifestyle amenities, making the asset a compelling opportunity for investors seeking a high-quality, newly built multifamily property with strong long-term growth potential.

Location

State CA

County Los Angeles

Area East Van Nuys

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Kitchen Counter Top, Island, Open to Family Room, Pantry, Remodeled

Interior

Interior Features Recessed Lighting, Open Floor Plan, Laundry - Closet Stacked, Living Room Balcony, Turnkey, Common Walls, Elevator

Heating Electric

Cooling Air Conditioning

Flooring Hardwood

Fireplaces Type None

Equipment Dishwasher, Dryer, Elevator, Freezer, Microwave, Other, Range/Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Covered Parking, Gated, Assigned, Controlled Entrance, Side By Side

Garage Spaces 30.0

Pool None

Amenities Available Elevator, Controlled Access, Gated Parking, Security

Waterfront Description None

View Y/N Yes

View City Lights, City, Skyline

Roof Type Flat

Building

Lot Description Single Lot, Lot-Level/Flat, Street Paved, Sidewalks, Curbs, Gutters, Street Lighting

Story 5

Foundation Slab, Permanent

Sewer In Connected and Paid

Water Public, Meter on Property

Architectural Style Contemporary

Level or Stories Multi/Split, Three Or More

Structure Type Concrete, Stucco

Construction Status New Construction

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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