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About the Listing CLW-X8241001 - CLW-X86373
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.
Listing Highlights for 14629 Erwin St
Status
Active
Days on Site
93
Property Type
Multi-Family
MLS ®
25549049
Year Built
2025
Total Square Footage
24,115
Lot/Acreage
0.32
County
Los Angeles
Area
VN - Van Nuys
Interior Details
- Bedrooms: 6
- Bathrooms: 5 Full
- Appliances: Dishwasher, Microwave, Refrigerator
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 23
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Covered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2241011021
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
14629 Erwin St Van Nuys, CA 91411
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