Van Nuys, CA 91411,14629 Erwin St
Van Nuys, CA 91411,14629 Erwin St
Van Nuys, CA 91411,14629 Erwin St
29
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$12,500,000
Est. payment /mo
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49 Beds
40 Baths
24,115 SqFt
New

14629 Erwin St Van Nuys, CA 91411

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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 $518

MLS Listing ID 25549049

Bedrooms 49

Construction Status New Construction

Year Built 2025

Lot Size 0.322 Acres

Acres 0.322

Property Sub-Type Multi-Family

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 East Van Nuys

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Electric

Cooling Air Conditioning

Flooring Wood, Cement

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

Laundry In Unit

Exterior

Parking Features Covered Parking

Garage Spaces 23.0

Building

Story 5

Level or Stories Multi/Split, Three Or More

Construction Status New Construction

Others

Special Listing Condition Standard


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

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agent

Jennifer Stuart

Agent | RE.56321

+1(702) 265-4498

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14629 Erwin St