$5,990,000

14728 Friar Street, Van Nuys (los Angeles), CA 91411

  • 10,176 sqft
  • Property Icon other
  • Property Year Built Icon Built in 2026
  • Property Lot Size Icon6,251sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $589/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Presenting a rare ground-up multifamily development opportunity in Van Nuys, currently under construction with anticipated completion by January 2026. This offering provides investors with flexible delivery options either as-is for those seeking to complete the construction process or fully built and ready for lease-up and stabilization. At market rents, the project is projected to achieve an approximate 5% CAP rate. Additionally, it is uniquely situated within a federally designated Opportunity Zone, offering potential tax incentives for investors focused on long-term capital appreciation. Located in the heart of a rapidly transforming submarket, the site is surrounded by approximately 20 new multifamily developments within Van Nuys and borders high-growth neighborhoods such as Sherman Oaks and North Hollywood, where nearly 40 additional development projects are underway. Van Nuys continues to show strong rental demand and high occupancy levels, driven by a combination of job growth, population increases, and relative affordability compared to other parts of Los Angeles. The property's central location offers walkable access to local parks, Lake Balboa, coffee shops, restaurants, and everyday retail amenities. It also boasts excellent regional connectivity via the 405 and 101 freeways, Metro bus lines, and the Van Nuys Metrolink Station providing convenient access to key employment centers in Sherman Oaks, Burbank, Studio City, and Downtown Los Angeles.

Listing Status:
Active
Date Added:
June 23, 2025
Data Last Updated:
July 5, 2026 at 5:09PM
Listing Office:
Kidder Mathews of California, Inc. : 310-807-0880
Listing Agent:
Scott Rosenberg : 310-889-8738
MLS ID:
CL25555149
  • Appliances: Dryer
  • Laundry: DryerWasher
  • Flooring: Wood
  • Heating: Other
  • Parking: CoveredOtherSide By Side
  • General: ConcreteStucco
  • County: Los Angeles
  • Zoning: LAR32241007006
  • View: City LightsOtherView
  • Water: Other

This listing courtesy of Scott Rosenberg , Kidder Mathews of California, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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