14629 Erwin ST, Van Nuys, CA 91411
14629 Erwin ST, Van Nuys, CA 91411
14629 Erwin ST, Van Nuys, CA 91411
14629 Erwin ST, Van Nuys, CA 91411
14629 Erwin ST, Van Nuys, CA 91411
14629 Erwin ST, Van Nuys, CA 91411
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 10,950,000
Est. payment | /mo

49 Beds

40 Baths

24,115 SqFt

Save
$ 10,950,000
Est. payment | /mo
Save

49 Beds

40 Baths

24,115 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 24,115 sqft

Price per Sqft $454

MLS Listing ID 25549049

Bedrooms 49

HOA Y/N No

Year Built 2025

Lot Size 0.322 Acres

Property Description

This newly constructed multifamily development represents a rare turnkey opportunity in the heart of Van Nuys. The project has secured its TCO and is pending final Certificate of Occupancy, positioning an investor to move directly into lease-up, with fourteen (14) units already occupied at pro forma rents, providing early income validation and a strong foundation for stabilization at a projected 5.43% market cap rate, allowing for immediate lease-up and optimized rental execution. The units are thoughtfully designed with spacious layouts, private balconies, and in-unit washer/dryers, while two oversized penthouse units crown the building and offer expansive outdoor living areas. The property also features 30 dedicated parking spaces secured behind a gated entrance, providing residents with both convenience and peace of mind. The asset is situated within one of the Valley's most active development corridors, with approximately 20 new multifamily projects underway in Van Nuys and nearly 40 additional developments progressing in adjacent neighborhoods such as Sherman Oaks and North Hollywood, reflecting sustained rental demand, high occupancy levels, continued employment growth, and relative affordability compared to nearby submarkets. The location provides residents with excellent access to parks, outdoor recreation, and a variety of nearby restaurants, cafs, and shopping destinations, while its central positioning within the Valley ensures convenient connectivity to major employment hubs and lifestyle amenities, making the asset a compelling opportunity for investors seeking a high-quality, newly built multifamily property with strong long-term growth potential.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Interior Features Balcony, Elevator, Open Floorplan, Recessed Lighting, Walk-In Closet(s)

Heating Electric

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Oven, Refrigerator, Range Hood, Dryer, Washer

Exterior

Exterior Feature Rain Gutters

Parking Features Assigned, Controlled Entrance, Covered, Gated, Side By Side

Pool None

Community Features Gated

Amenities Available Controlled Access, Security

View Y/N Yes

View City Lights

Porch Enclosed

Total Parking Spaces 30

Private Pool No

Building

Story 5

Entry Level Three Or More,Multi/Split

Foundation Permanent, Slab

Sewer Sewer Tap Paid

Architectural Style Contemporary

Level or Stories Three Or More, Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 2241011021

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

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Scott Rosenberg Kidder Mathews of California, Inc. #01456686

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.