14629 Erwin St, Van Nuys, CA, 91411
Property Details
49
5
multi family
Description
Multi Family in Van Nuys, CA - Bedrooms: 49 - Bathrooms: 5 - Area: 24115 sqft - Year Built: 2025 - Lot: 14026 sqft
Listing Agent: Scott Rosenberg Brokerage: Kidder Mathews of California, Inc.
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 a 5.69% CAP rate at market rents. The property features 30 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 oversized penthouse units crown the building and offer expansive outdoor living areas. 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
Address
14629 Erwin St, Van Nuys, CA, 91411
City
Van Nuys
Features and Finishes
Bedrooms: 49, Total Bathrooms: 40, Full Bathrooms: 5, Recessed Lighting, Open Floor Plan, Laundry - Closet Stacked, Living Room Balcony, Turnkey, Common Walls, Elevator, Interior Amenities: Primary Bedroom, Primary Suite, WalkInCloset, Flooring: Hardwood, Window Features: Double Pane Windows, Microwave, Range Hood, Oven, Laundry Features: In Unit, Living Room, Dining Area, Primary Bedroom, Walk-In Closet, Den/Office, Counter Top, Island, Open to Family Room, Pantry, Remodeled, Cooling Features: Air Conditioning, Heating Features: Electric, Water Heaters: Tankless, Gas, Patio And Porch Features: Balcony, Enclosed, Lot Description: Single Lot, Lot-Level/Flat, Street Paved, Sidewalks, Curbs, Gutters, Street Lighting, Lot Size Acres: 0.322, Lot Size Source: Owner, Lot Size Square Feet: 14009, Parking Features: Covered Parking, Gated, Assigned, Controlled Entrance, Side By Side, Parking Total: 23, View: City Lights, City, Skyline, Other Equipment: Dishwasher, Dryer, Elevator, Freezer, Micro
Legal Notice
Our comprehensive database is populated by our meticulous research and analysis of public data. MirrorRealEstate strives for accuracy and we make every effort to verify the information. However, MirrorRealEstate is not liable for the use or misuse of the site's information. The information displayed on MirrorRealEstate.com is for reference only.
