14629 Erwin Street
Van Nuys, CA 91411
49
Bed
0
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 Bedrooms: 49Bathroom Information
Total Baths: 40 Full Baths: 0 Half Baths: 0Water/Sewer
Sewer: Sewer Tap Paid -
Interior Features
Exterior Property Features: Rain Gutters Interior Features: Balcony,Elevator,Open Floorplan,Recessed Lighting,Walk-In Closet(s) Windows: Double Pane Windows Property Appliances: Dishwasher,Microwave,Oven,Refrigerator,Range Hood,Dryer,Washer Fireplace: None Flooring: Wood -
Heating Source
Electric Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 2025 Building Area Total: 24,115 Construction: Concrete,Stucco -
Exterior Features
Rain GuttersFoundation
Permanent,SlabSecurity Features
Fire Sprinkler System,Security Gate,Gated Community,24 Hour Security -
Pool Features
NonePatio And Porch
Enclosed
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3216 -
Lot Size Source: Owner Lot Size Square Feet: 14009
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Listing Price Information
Original List Price: 10,950,000 Listing Contract Date: 2025-06-05 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 2241011021
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Garage and Parking
Garage Description: Assigned,Controlled Entrance,Covered,Gated,Side By SideHomeowners Association
Association Amenities: Controlled Access,Security
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Other Property Info
Source Listing Status: Active Source Neighborhood: VN - Van Nuys Postal Code Plus 4: 2302 Directions: 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. Zoning: LAR3 Source Property Type: Residential Income Area: VN - Van Nuys -
Building and Construction
Property Age: 1 Year Built Source: Vendor Enhanced Total Square Feet Living: 24115 Entry Location: Elevator Levels or Stories: Three Or More,Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 14622 Sylvan, Van Nuys, CA, 91411 | $1,250,000 | -- | -- | 4,341 | 4,341 SqFt |
| 14643 Friar Street #6, Van Nuys, CA, 91411 | $1,375,000 | 8 | -- | 4,912 | 4,912 SqFt |
| 14717 Victory Boulevard, Van Nuys, CA, 91411 | $1,250,000 | 3 | 2 | 1,166 | 1,166 SqFt |
| 5850 Vesper Avenue, Van Nuys, CA, 91411 | $1,348,000 | 3 | 2 | 1,497 | 1,497 SqFt |
| 14728 Friar Street, Van Nuys, CA, 91411 | $5,990,000 | 22 | -- | 10,176 | 10,176 SqFt |
| 14764 Sylvan Street, Van Nuys, CA, 91411 | $3,950,000 | 16 | -- | -- | |
| 14827 Victory Boulevard, Van Nuys, CA, 91411 | $4,750,000 | -- | -- | 14,279 | 14,279 SqFt |
| 6251 Lemona, Van Nuys, CA, 91411 | $1,200,000 | 3 | 1 | 1,134 | 1,134 SqFt |
| 5750 Kester Avenue, Van Nuys, CA, 91411 | $3,460,000 | 14 | -- | 8,000 | 8,000 SqFt |
| 14821 Burbank, Van Nuys, CA, 91411 | $1,800,000 | -- | -- | 4,844 | 4,844 SqFt |
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ByOwner last updated this listing 06/04/2026 @ 12:50
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