14629 Erwin Street

Van Nuys, CA 91411

  • 49 Bed(s)
  • 0 Bath(s)
  • 24,115 Sqft
  • 14009
    Sqft(Lot)
$12,500,000

Description

Kidder mathews 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 unitseach 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50096261

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Property Details

  • Bedroom Information

    • Total Bedrooms : 49

    Bathroom Information

    • Total Baths: 40
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Microwave,Refrigerator,Dryer,Washer
    • Flooring: Wood

    Heating Source

    • Electric
    • Has Heating

  • Building Information

    • Year Built: 2025
    • Building Area Total: 24,115

    Security Features

    • Fire Sprinkler System,Security Gate,Gated Community,24 Hour Security

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3216
    • Lot Size Source: Owner
    • Lot Size Square Feet: 14009

  • Listing Price Information

    • Original List Price: 12,500,000
    • Listing Contract Date: 2025-06-05

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2241011021

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VN - Van Nuys
    • Postal Code Plus 4: 2302
    • Directions: https://www.google.com/maps/place/14629+Erwin+St,+Van+Nuys,+CA+91411/@34.183706,-118.4527682,18.14z/data=!4m6!3m5!1s0x80c29708a506c175:0x81eed0cdc0c6a983!8m2!3d34.1838759!4d-118.4519526!16s%2Fg%2F11c18m70n2?entry=ttu&g_ep=EgoyMDI1MDYwMy4wIKXMDSoASAFQAw%3D%3D
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: VN - Van Nuys

    Building and Construction

    • Property Age: 0
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 24115
    • Levels or Stories: Three Or More,Multi/Split
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BuyOwner last updated this listing 06/07/2025 @ 21:15

  • MLS: 25549049
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 49 bedrooms which is for sale, it has 24,115 sqft, 14,009 sized lot, and 0 parking. are nearby neighborhoods.