Property
Beds
49
Full Baths
None
1/2 Baths
None
Year Built
2025
Sq.Footage
24,115
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.
Features & Amenities
Interior
-
Total Bedrooms
49
Area & Lot
-
Lot Size(acres)
0.3216
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Covered
Financial
-
Sales Price
$12,500,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Scott Rosenberg , Kidder Mathews of California, Inc.
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