14629 Erwin Street, Van Nuys, CA 91411

Van Nuys
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
14629 Erwin Street,Van Nuys, CA 91411
$10,950,000
  • 49 Beds
  • 40 Baths
  • 24,115 sq. ft.
  • Multi-family
  • Active
Listed by: scott rosenberg
Office: kidder mathews of california, inc.310-807-0880
MLS#:25549049
Source:CRMLS

Price summary

  • Price:$10,950,000
  • Price per sq. ft.:$454.07

About this home

This newly constructed multifamily development represents a rare turnkey opportunity in the heart of Van Nuys. The project has secured its TCO and is pending final Certificate of Occupancy, positioning an investor to move directly into lease-up, with fourteen (14) units already occupied at pro forma rents, providing early income validation and a strong foundation for stabilization at a projected 5.43% market cap rate, allowing for immediate lease-up and optimized rental execution. The units are thoughtfully designed with spacious layouts, private balconies, and in-unit washer/dryers, while two oversized penthouse units crown the building and offer expansive outdoor living areas. The property also features 30 dedicated parking spaces secured behind a gated entrance, providing residents with both convenience and peace of mind. The asset is situated within one of the Valley's most active development corridors, with approximately 20 new multifamily projects underway in Van Nuys and nearly...

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Home facts

  • Year built:2025
  • Listing ID #:25549049
  • Added:479 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Bedrooms:49
  • Total bathrooms:40
  • Flooring:Wood
  • Kitchen Description:Dishwasher, Microwave, Oven, Range Hood, Refrigerator
  • Living area:24,115 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:2025
  • Building area:24,115 sq. ft.
  • Lot area:0.32 Acres
  • Architectural Style:Contemporary
  • Construction Materials:Concrete, Stucco
  • Exterior Features:Enclosed, RainGutters
  • Foundation Description:Permanent, Slab

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$10,950,000
  • Price per sq. ft.:$454.07

Features and amenities

  • Appliances:Dishwasher, Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Balcony, Elevator, Open Floor Plan, Rain Gutters, Recessed Lighting, Walk In Closets

Parking

  • Total parking spaces:30
  • Parking description:Assigned, Controlled Entrance, Covered, Gated, Side By Side
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