14629 Erwin Street
Van Nuys, CA 91411
49
Bed
40
Bath
24,115Sqft
14,009Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 49Bathroom Information
Total Baths: 40Flooring Information
Wood -
Interior Features
Balcony, Elevator, OpenFloorplan, RecessedLighting, WalkInClosetsAppliances: Dishwasher, Microwave, Oven, Refrigerator, RangeHood, Dryer, WasherWindow Features: DoublePaneWindows -
Heating & Cooling
Has Heating: Yes Heating: Electric
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Building Information
Year Built: 2025Building Area Total: 24115Construction Materials: Concrete, StuccoPatio And Porch Features: EnclosedPool Features: NonePrivate Pool: NoView: CityLights -
Exterior Features
Exterior Features: RainGutters
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Lot Information
Main Square Feet: 14009 Lot Size Acres: 0.3216 Lot Size Source: Owner Lot Size Square Feet: 14,009
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Listing Price Information
Listing Price: $10950000Original Price: $12500000
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Tax Information
Parcel Number: 2241011021
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Virtual Tour
Parking Information
Parking Total: 30 Assigned, ControlledEntrance, Covered, Gated, SideBySideHomeowners Association Information
Association Amenities: ControlledAccess, SecurityCommunity Features: Gated
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Location Information
Direction: Located in the heart of Van Nuys, the property is surrounded by new multifamily development and neighborhood amenities. The property offers convenient access to the 405 and 101 freeways, Van Nuys Boulevard, and the Orange Line, making it a highly accessible and in-demand rental location. The area continues to see growth and investment activity. Security Features: FireSprinklerSystem,SecurityGate,GatedCommunity,TwentyFourHourSecurity
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 14548 Evan Way, Van Nuys, CA, 91411 | $685,000 | 3 | 3 | 1,252 | 1,816 Sqft |
| 14717 Victory Boulevard, Van Nuys, CA, 91411 | $1,250,000 | 3 | 2 | 1,166 | 6,502 Sqft |
| 14728 Friar Street, Van Nuys, CA, 91411 | $5,990,000 | 22 | 22 | 10,176 | 6,250 Sqft |
| 14762 Friar Street, Van Nuys, CA, 91411 | $1,750,000 | 10 | -- | 3,905 | 6,251 Sqft |
| 14764 Sylvan Street, Van Nuys, CA, 91411 | $3,950,000 | 16 | 20 | -- | 8,712 Sqft |
| 14827 Victory Boulevard, Van Nuys, CA, 91411 | $4,650,000 | -- | -- | 14,279 | 6,449 Sqft |
| 5837 Cedros, Van Nuys, CA, 91411 | $945,000 | 3 | 2 | 1,280 | 6,854 Sqft |
| 14846 Friar Street, Van Nuys, CA, 91411 | $2,900,000 | 12 | 12 | 7,240 | 6,250 Sqft |
| 15035 Gilmore Street, Van Nuys, CA, 91411 | $815,000 | 4 | 2 | 1,390 | 7,275 Sqft |
| 5750 Kester Avenue, Van Nuys, CA, 91411 | $3,460,000 | 14 | 16 | 8,000 | 6,251 Sqft |
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ByOwner last updated this listing 09/06/2026 @ 02:28
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