14629 Erwin Street, Van Nuys (los Angeles), CA 91411

• 24,115 sqft

Property Description

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 seven (7) units already occupied at pro forma rents, providing early income validation and a strong foundation for stabilization at a projected 5.41% 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 both convenience and peace of mind. The asset is situated within one of the Valley's most active development corridors, with approximately 20 new multifamily projects underway in Van Nuys and nearly 40 additional developments progressing in adjacent neighborhoods such as Sherman Oaks and North Hollywood, reflecting sustained rental demand, high occupancy levels, continued employment growth, and relative affordability compared to nearby submarkets. The location provides residents with excellent acce

Listing Status:

Active

Date Added:

June 5, 2025

Data Last Updated:

April 2, 2026 at 7:07AM

Listing Office:

Kidder Mathews of California, Inc. : 310-807-0880

Listing Agent:

Scott Rosenberg : 310-889-8738

MLS ID:

CL25549049

Interior

• Appliances: Dryer
• Laundry: DryerWasher
• Flooring: Wood
• Heating: Electric

Exterior

• Parking: CoveredAssignedOtherSide By Side

Construction

• General: ConcreteStucco

Location

• County: Los Angeles

Lot

• Zoning: LAR32241011021
• View: City LightsView

Utilities

• Utilities: Other Water/Sewer
• Water: Other
• Sewer: Other