List Search

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 5.69 %
  • Zoning LAR3
58 Transit Score
82 Walk Score

Highlights

A rare turnkey opportunity, potentially stabilized at a near 5.70% CAP rate at market rents.
Uniquely positioned within a designated Opportunity Zone, providing potential tax advantages for long-term investors.
Spacious, thoughtfully designed units, each featuring a private balcony and in-unit washer/dryer. Two massive penthouse units with enormous balconies.
Offers 30 dedicated parking spaces located behind a secure, gated entrance, providing value and residents with both convenience & peace of mind.
Located in a thriving neighborhood with approximately 20 new multifamily development projects within the Van Nuys submarket.
Proven strong rental demand and high occupancy rates, fueled by job growth, affordability, and an increase in population.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $654,666 USD (2025)
Cap Rate: 5.69 %
Total Expenses: $253,938 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 RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.4 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 15 min - 6.5 mi
AirportDriveWalkDistance
Bob Hope 16 min - 6.8 mi
Los Angeles International 30 min - 20.1 mi
Long Beach (Daugherty Field) 49 min - 37.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Covered
Included in Rent: Yes
Scott Rosenberg 310-889-8738 Kidder Mathews
Scott Rosenberg 310-889-8738 Kidder Mathews