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14629 W Erwin St
Van Nuys, CA 91411 Van Nuys

$11,500,000 USD

Apartments For Sale • 24,115 SF

Property Details

Property Type Apartments
Total Building Size 24,115 SF
Lot Size 0.32 AC
Building Class B
Year Built 2025
Cap Rate 5.14 %
Zoning LAR3

58 Transit Score

82 Walk Score

                
                    Highlights
                
                                Opportunity Zone Tax Advantage – The property is located within a designated Opportunity Zone and offers potential property tax benefits for investors
                            
                                Located in a thriving neighborhood with approximately 20 new multifamily development projects within the Van Nuys submarket 
                            
                                All units have expansive private balconies and in-unit washer/dryers.
                            
                                Spacious, thoughtfully designed units, each featuring a private balcony and in-unit washer/dryer. Two massive penthouse units, enormous balconies.
                            
                                27 Gated Parking Spaces – Secure, dedicated parking adds value for residents and increases overall property desirability.
                            
                                Proven strong rental demand and high occupancy rates, fueled by job growth, affordability, and an increase in population.

Financial Summary (Proforma)

Net Operating Income: $590,881 USD (2025)

Cap Rate:	5.14 %
Total Expenses:	$243,125 USD

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Courtyard
Dishwasher
Disposal
Fenced Lot
Microwave
Storage Space
Washer/Dryer
Gated
Heating
Recycling
Smoke Free
Kitchen
Hardwood Floors
Refrigerator
Oven
Sprinkler System
Stainless Steel Appliances
Range
Tub/Shower
Views
Walk-In Closets
Bicycle Storage
Elevator
Double Pane Windows
Freezer
Handrails
Pantry
Public Transportation
Large Bedrooms
Private Bathroom
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.4 mi
Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	7.4 mi
Airport	Drive	Walk	Distance
Bob Hope	12 min	-	6.5 mi
Los Angeles International	29 min	-	20.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	23
Type:	Covered
Included in Rent:	Yes

Tony Azzi Marcus & Millichap

14629 W Erwin St Van Nuys, CA 91411 Van Nuys