14629 Erwin Street, Van Nuys (los Angeles), CA 91411
14629 Erwin Street, Van Nuys (los Angeles), CA 91411
14629 Erwin Street, Van Nuys (los Angeles), CA 91411
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$10,950,000
Est. payment /mo
24,115 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 24,115 sqft

Price per Sqft $454

MLS Listing ID CL25549049

HOA Y/N No

Year Built 2025

Lot Size 0.322 Acres

Acres 0.32

Property Sub-Type Other

Property Description

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 seven (7) units already occupied at pro forma rents, providing early income validation and a strong foundation for stabilization at a projected 5.41% 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 40 additional developments progressing in adjacent neighborhoods such as Sherman Oaks and North Hollywood, reflecting sustained rental demand, high occupancy levels, continued employment growth, and relative affordability compared to nearby submarkets. The location provides residents with excellent acce

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Electric

Flooring Wood

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Exterior

Utilities Available Other Water/Sewer

View Y/N true

View City Lights

Building

Sewer Other

Water Other

New Construction No

Others

Tax ID 2241011021

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Scott Rosenberg • Kidder Mathews of California, Inc.

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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14629 Erwin Street