14629 Erwin Street
Van Nuys, CA, 91411
$12,500,000
Beds
0 Baths
SqFt
0.32 Acres
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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.

Property Details

Price:
$12,500,000
MLS #:
25549049
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
vnvannuys
Listed Date:
Jun 5, 2025
Lot Size:
14,009 sqft / 0.32 acres (approx)
Year Built:
2025
Vnvannuys

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Schools

Interior

Appliances
Dishwasher, Microwave, Refrigerator
Flooring
Wood
Heating
Electric
Laundry Features
Washer Included, Dryer Included

Exterior

Parking Features
Covered
Parking Spots
23.00
Security Features
24 Hour Security, Automatic Gate, Fire Sprinkler System, Gated Community

Financial

Map

Community

Subdivisions in Van Nuys

Market Summary

Current real estate data for Residential Income in Van Nuys as of Oct 21, 2025
54
Residential Income Listed
152
Avg DOM
$2,390,272
Avg List Price

Property Summary

    14629 Erwin Street Van Nuys CA is a Residential Income for sale in Van Nuys, CA, 91411. It is listed for $12,500,000

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