14728 Friar Street, Van Nuys, CA 91411
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
14728 Friar Street,Van Nuys, CA 91411
$5,990,000
- 22 Beds
- 22 Baths
- 10,176 sq. ft.
- Multi-family
- Active
Listed by: scott rosenberg
Office: kidder mathews of california, inc.
MLS#:25555149
Source:CRMLS
Price summary
- Price:$5,990,000
- Price per sq. ft.:$588.64
About this home
Presenting a rare ground-up multifamily development opportunity in Van Nuys, currently under construction with anticipated completion by January 2026. This offering provides investors with flexible delivery options either as-is for those seeking to complete the construction process or fully built and ready for lease-up and stabilization. At market rents, the project is projected to achieve an approximate 5% CAP rate. Additionally, it is uniquely situated within a federally designated Opportunity Zone, offering potential tax incentives for investors focused on long-term capital appreciation. Located in the heart of a rapidly transforming submarket, the site is surrounded by approximately 20 new multifamily developments within Van Nuys and borders high-growth neighborhoods such as Sherman Oaks and North Hollywood, where nearly 40 additional development projects are underway. Van Nuys continues to show strong rental demand and high occupancy levels, driven by a combination of job growth, population increases, and relative affordability compared to other parts of Los Angeles. The property's central location offers walkable access to local parks, Lake Balboa, coffee shops, restaurants, and everyday retail amenities. It also boasts excellent regional connectivity via the 405 and 101 freeways, Metro bus lines, and the Van Nuys Metrolink Station providing convenient access to key employment centers in Sherman Oaks, Burbank, Studio City, and Downtown Los Angeles....
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Home facts
- Year built:2026
- Listing ID #:25555149
- Added:277 day(s) ago
- Updated:March 28, 2026 at 01:11 PM
Rooms and interior
- Bedrooms:22
- Total bathrooms:22
- Flooring:Wood
- Kitchen Description:Dishwasher, Microwave, Oven, Range Hood, Refrigerator, Walk In Pantry, Washer
- Living area:10,176 sq. ft.
Heating and cooling
- Heating:Central Furnace
Structure and exterior
- Year built:2026
- Building area:10,176 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Contemporary
- Construction Materials:Concrete, Stucco
- Exterior Features:Enclosed
- Foundation Description:Permanent Foundation, Slab
- Levels:Multi Split, Three Or More
Utilities
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$5,990,000
- Price per sq. ft.:$588.64
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Oven, Range Hood, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Controlled Access, Double Pane Windows, Fire Sprinkler System, Gated Community, Loft, Open Floorplan, Rain Gutters, Recessed Lighting, Security Gate, Smoke Detectors, Walk In Closets
Parking
- Total parking spaces:12
- Parking description:Controlled Entrance, Covered, Gated, Side By Side
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