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CA > Van Nuys
Van Nuys, CA 91411,14631 Erwin ST
Van Nuys, CA 91411,14631 Erwin ST
Van Nuys, CA 91411,14631 Erwin ST
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Rich King

Rich King

+1(858) 405-2722
$12,250,000
Est. payment /mo
49 Beds
40 Baths
24,115 SqFt
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UPDATED:

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

HOA Y/N No

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

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Underground, Private

View Y/N Yes

View City Lights

Building

Story 4

Entry Level Three Or More

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 2241011078

Security Features Key Card Entry

Special Listing Condition Standard

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CRMLS – RECore
Listed by Tony Azzi Tony Azzi

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Rich King

Rich King

+1(858) 405-2722

Broker Associate | License ID: 01520399

Broker Associate License ID: 01520399

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