14631 Erwin Street, Van Nuys, CA 91411
  • MLS#: 25611273 ( )
  • Street Address: 14631 Erwin Street
  • Viewed: 6
  • Price: $12,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 0
  • Days On Market: 32
  • Additional Information
  • County: LOS ANGELES
  • City: Van Nuys
  • Zipcode: 91411
  • Provided by: Tony Azzi
  • Contact: Tony Tony
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Built in 2025, this four story, 24,115 SF Class A property presents a prime opportunity to invest in one of the San Fernando Valley's most dynamic rental markets. This newly developed project has received its Temporary Certificate of Occupancy (TCO) and is awaiting final Certificate of Occupancy. Ideally located near Sherman Oaks and North Hollywood, it offers tenants convenient access to major employment centers, retail corridors, and transit options. Each unit features modern finishes, in unit washer/dryers, and private balconies, while the community offers an on site fitness center and 27 gated parking spaces that enhance tenant appeal and retention. Two expansive penthouse units boast enormous balconies, and 14 of the 22 units are currently vacant, allowing investors immediate leasing flexibility and rent optimization potential. With fee simple ownership, separately metered utilities, and strong market fundamentals, the property delivers efficient operations, stable cash flow, and long term value in a high demand Van Nuys submarket. Multifamily assets in this area historically achieve cap rates around 4.5%, offering investors the potential for consistent income, long term appreciation, and exposure to a resilient, high growth market supported by strong rental fundamentals.
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Features
Appliances
  1. Dishwasher
  2. Microwave
  3. Refrigerator
Architectural Style
  1. Modern
Building Area Total
  1. 24115.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Three Or More
Netoperatingincome
  1. 624721.00
Parcel Number
  1. 2241011078
Parking Features
  1. Subterranean
  2. Private
Postalcodeplus4
  1. 2302
Security Features
  1. Card/Code Access
Sourcesystemkey
  1. 25611273:CLAW
Totalexpenses
  1. 253907.00
View
  1. City Lights
Year Built
  1. 2025
Year Built Source
  1. Seller
Zoning
  1. LAR3