Property
Beds
49
Full Baths
None
1/2 Baths
None
Year Built
2025
Sq.Footage
24,115
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 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 units each 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
-
Other Interior Features
Elevator, Open Floorplan, Recessed Lighting, Walk-In Closet(s)
-
Total Bedrooms
49
-
Bathrooms
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete, Stucco
-
Other Exterior Features
Balcony, Rain Gutters
-
Parking
Assigned, Covered, Gated, Side By Side
-
Patio and Porch Features
Enclosed
-
Pool
Yes
-
Pool Features
None
-
View
City Lights
Area & Lot
-
Lot Size(acres)
0.3216
-
Property Type
Residential Income
-
Architectural Style
Contemporary
Price
-
Sales Price
$12,500,000
-
Sq. Footage
24, 115
-
Price/SqFt
$518
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
5
-
Association Amenities
Security
-
Foundation Details
Permanent, Slab
-
Senior Community YN
NO
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Scott Rosenberg , Kidder Mathews of California, Inc.
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
LinaMirza
Call Lina today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Related Properties
Van Nuys
14631 Erwin Street
49 Beds
None Baths
24,115 Sq.Ft.
$12,250,000
MLS#: 25611273
