14631 Erwin Street, Van Nuys, CA 91411
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
14631 Erwin Street,Van Nuys, CA 91411
$12,250,000
- 49 Beds
- 40 Baths
- 24,115 sq. ft.
- Multi-family
- Active
Listed by:tony azzi
Office:tony azzi
MLS#:25611273
Source:CRMLS
Price summary
- Price:$12,250,000
- Price per sq. ft.:$507.98
About this home
Built in 2025, this four-story, 24,115 SF Class A property presents a prime opportunity to invest in one of the San Fernando Valley's most dynamic rental markets. This newly developed project has received its Temporary Certificate of Occupancy (TCO) and is awaiting final Certificate of Occupancy. Ideally located near Sherman Oaks and North Hollywood, it offers tenants convenient access to major employment centers, retail corridors, and transit options. Each unit features modern finishes, in-unit washer/dryers, and private balconies, while the community offers an on-site fitness center and 27 gated parking spaces that enhance tenant appeal and retention. Two expansive penthouse units boast enormous balconies, and 14 of the 22 units are currently vacant, allowing investors immediate leasing flexibility and rent optimization potential. With fee simple ownership, separately metered utilities, and strong market fundamentals, the property delivers efficient operations, stable cash flow, and long-term value in a high-demand Van Nuys submarket. Multifamily assets in this area historically achieve cap rates around 4.5%, offering investors the potential for consistent income, long-term appreciation, and exposure to a resilient, high-growth market supported by strong rental fundamentals.
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Home facts
- Year built:2025
- Listing ID #:25611273
- Added:1 day(s) ago
- Updated:October 28, 2025 at 10:23 AM
Rooms and interior
- Bedrooms:49
- Total bathrooms:40
- Living area:24,115 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:2025
- Building area:24,115 sq. ft.
- Lot area:0.32 Acres
Finances and disclosures
- Price:$12,250,000
- Price per sq. ft.:$507.98
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