14631 Erwin ST new Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91411
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 24,115 sqft
Price per Sqft $507
MLS Listing ID 25611273
Bedrooms 49
Year Built 2025
Lot Size 0.322 Acres
Property 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.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Underground,Private
View Y/N Yes
View City Lights
Building
Story 4
New Construction Yes
Others
Special Listing Condition Standard