- – beds
- – baths
- – sqft
- 14,009 sqft lot
- 2025 build
- – on site
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.
Last checked:
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Last updated Jun 14, 2025
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MLS# 25549049 —
The Building
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Year Built:2025
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New Construction:Yes
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Building Area Total:24115.00
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Total Number Of Units:22
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# of Buildings:1
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Stories Total:5
Interior
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Levels:Multi/Split, Three Or More
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Flooring:Wood
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:https://www.google.com/maps/place/14629+Erwin+St,+Van+Nuys,+CA+91411/@34.183706,-118.4527682,18.14z/data=!4m6!3m5!1s0x80c29708a506c175:0x81eed0cdc0c6a983!8m2!3d34.1838759!4d-118.4519526!16s%2Fg%2F11c18m70n2?entry=ttu&g_ep=EgoyMDI1MDYwMy4wIKXMDSoASAFQAw%3D%3D
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Latitude:34.18391000
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Longitude:-118.45190500
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:14009.0000
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Lot Size Acres:0.3216
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Lot Size SqFt:14009.00
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Lot Size Source:Owner
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Security Features:24 Hour Security, Automatic Gate, Fire Sprinkler System, Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2241011021
Heating & Cooling
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Heating:1
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Heating:Electric
Appliances
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Appliances:Dishwasher, Microwave, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered
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Parking Spaces:23.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/5/25
Jun 5, 2025
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Listed / Active | CRMLS_CA | $12,500,000 | |
11/9/11
Nov 9, 2011
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Sold | DAMLS |