14629 Erwin St Van Nuys, CA 91411
Estimated payment $78,252/month
Highlights
- 24-Hour Security
- New Construction
- Automatic Gate
- Van Nuys High School Rated A
- Primary Bedroom Suite
- City Lights View
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 rates, driven by job growth, relative affordability, and a growing population. Conveniently positioned near Van Nuys Airport and Lake Balboa, the property offers easy access to trendy eateries, coffee shops, parks, and a vibrant nightlife scene.
Listing Agent
Kidder Mathews of California, Inc. License #01456686 Listed on: 06/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2025 | New Construction
Lot Details
- 0.32 Acre Lot
- Gated Home
- Level Lot
- Sprinkler System
Home Design
- Contemporary Architecture
- Split Level Home
- Turnkey
- Flat Roof Shape
- Permanent Foundation
- Slab Foundation
- Stucco
Interior Spaces
- 24,115 Sq Ft Home
- Elevator
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
- Sliding Doors
- Insulated Doors
- Living Room
- Dining Area
- Den
- Wood Flooring
- Skyline Views
- Fire Sprinkler System
Kitchen
- Open to Family Room
- Oven
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 49 Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- 40 Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- 23 Parking Spaces
- Covered Parking
- Side by Side Parking
- Automatic Gate
- Assigned Parking
- Controlled Entrance
Outdoor Features
- Living Room Balcony
- Enclosed Patio or Porch
- Rain Gutters
Location
- Property is near public transit
- City Lot
Utilities
- Air Conditioning
- Heating Available
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2241-011-021
Community Details
Overview
- 22 Units
- 5-Story Property
Security
- 24-Hour Security
- Controlled Access
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2022 | $3,328 | $265,905 | $265,905 | -- |
| 2021 | $5,392 | $434,136 | $260,692 | $173,444 |
| 2019 | $5,235 | $421,260 | $252,960 | $168,300 |
| 2018 | $5,132 | $413,000 | $248,000 | $165,000 |
| 2016 | $2,263 | $175,068 | $140,056 | $35,012 |
| 2015 | $2,232 | $172,440 | $137,953 | $34,487 |
| 2014 | $2,249 | $169,063 | $135,251 | $33,812 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | For Sale | $12,500,000 | -- | $518 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $630,000 | Chicago Title Company | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Orange Coast Title | |
| Grant Deed | $165,000 | Orange Coast Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Southland Title Corporation | |
| Gift Deed | -- | Fidelity Title | |
| Grant Deed | $72,000 | World Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $120,000 | No Value Available | |
| Previous Owner | $57,600 | No Value Available |
Source: The MLS
MLS Number: 25549049
APN: 2241-011-021
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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