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USACAVan Nuys14629 Erwin St
14629 Erwin St, Home with 49 bedrooms, 40 bathrooms and 23 parking in Van Nuys CA | Image 1
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$12,500,000

14629 Erwin St, Van Nuys, CA

Real Estate

For Sale

$--,---,---
494023
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 24115 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 1
Approx. Age 2025
Avg. Price Per Sqft $518
MLS® Number 25549049

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number25549049
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2025
Stories5
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric
A/C
Heating Fuel

Extras

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