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14728 Friar Street, Van Nuys, CA 91411

Local realty services provided by:CENTURY 21 LOTUS
14728 Friar Street,Van Nuys, CA 91411
$5,990,000
  • 22 Beds
  • 22 Baths
  • 10,176 sq. ft.
  • Multi-family
  • Active
Listed by: scott rosenberg
Office: kidder mathews of california, inc.
MLS#:25555149
Source:CRMLS

Price summary

  • Price:$5,990,000
  • Price per sq. ft.:$588.64

About this home

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,

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Home facts

  • Year built:2026
  • Listing ID #:25555149
  • Added:173 day(s) ago
  • Updated:December 12, 2025 at 11:41 AM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:22
  • Living area:10,176 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:2026
  • Building area:10,176 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$5,990,000
  • Price per sq. ft.:$588.64
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