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14629 Erwin Street, Van Nuys, CA 91411

Van Nuys
Local realty services provided by:CENTURY 21 Coastal Properties
14629 Erwin Street,Van Nuys, CA 91411
$10,950,000
  • 49 Beds
  • 40 Baths
  • 24,115 sq. ft.
  • Multi-family
  • Active
Listed by: scott rosenberg
Office: kidder mathews of california, inc.310-807-0880
MLS#:25549049
Source:CRMLS

Price summary

  • Price:$10,950,000
  • Price per sq. ft.:$454.07

About this home

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 fourteen (14) units already occupied at pro forma rents, providing early income validation and a strong foundation for stabilization at a projected 5.43% 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...

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Home facts

  • Year built:2025
  • Listing ID #:25549049
  • Added:420 day(s) ago
  • Updated:July 31, 2026 at 11:07 AM

Rooms and interior

  • Bedrooms:49
  • Total bathrooms:40
  • Flooring:Wood
  • Kitchen Description:Dishwasher, Microwave, Oven, Range Hood, Refrigerator
  • Living area:24,115 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:2025
  • Building area:24,115 sq. ft.
  • Lot area:0.32 Acres
  • Architectural Style:Contemporary
  • Construction Materials:Concrete, Stucco
  • Exterior Features:Enclosed, RainGutters
  • Foundation Description:Permanent, Slab

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$10,950,000
  • Price per sq. ft.:$454.07

Features and amenities

  • Appliances:Dishwasher, Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Balcony, Elevator, Open Floor Plan, Rain Gutters, Recessed Lighting, Walk In Closets

Parking

  • Total parking spaces:30
  • Parking description:Assigned, Controlled Entrance, Covered, Gated, Side By Side
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Jennette Toderick

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