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14629 Erwin Street, Van Nuys, CA 91411

Local realty services provided by:CENTURY 21 Cornerstone
14629 Erwin Street,Van Nuys, CA 91411
$12,500,000
  • 49 Beds
  • 40 Baths
  • 24,115 sq. ft.
  • Multi-family
  • Active
Listed by: scott rosenberg
Office: kidder mathews of california, inc.
MLS#:25549049
Source:CRMLS

Price summary

  • Price:$12,500,000
  • Price per sq. ft.:$518.35

About this home

Our team 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 units each 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

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Home facts

  • Year built:2025
  • Listing ID #:25549049
  • Added:191 day(s) ago
  • Updated:December 12, 2025 at 11:41 AM

Rooms and interior

  • Bedrooms:49
  • Total bathrooms:40
  • 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

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$12,500,000
  • Price per sq. ft.:$518.35
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