14728 Friar ST, Van Nuys, CA 91411
14728 Friar ST, Van Nuys, CA 91411
14728 Friar ST, Van Nuys, CA 91411
14728 Friar ST, Van Nuys, CA 91411
14728 Friar ST, Van Nuys, CA 91411
14728 Friar ST, Van Nuys, CA 91411
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 5,990,000
Est. payment | /mo

22 Beds

22 Baths

10,176 SqFt

Save
$ 5,990,000
Est. payment | /mo
Save

22 Beds

22 Baths

10,176 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,176 sqft

Price per Sqft $588

MLS Listing ID 25555149

Bedrooms 22

HOA Y/N No

Year Built 2026

Lot Size 6,250 Sqft

Property Description

Presenting a rare ground-up multifamily development opportunity in Van Nuys, currently under construction with anticipated completion by January 2026. This offering provides investors with flexible delivery options either as-is for those seeking to complete the construction process or fully built and ready for lease-up and stabilization. At market rents, the project is projected to achieve an approximate 5% CAP rate. Additionally, it is uniquely situated within a federally designated Opportunity Zone, offering potential tax incentives for investors focused on long-term capital appreciation. Located in the heart of a rapidly transforming submarket, the site is surrounded by approximately 20 new multifamily developments within Van Nuys and borders high-growth neighborhoods such as Sherman Oaks and North Hollywood, where nearly 40 additional development projects are underway. Van Nuys continues to show strong rental demand and high occupancy levels, driven by a combination of job growth, population increases, and relative affordability compared to other parts of Los Angeles. The property's central location offers walkable access to local parks, Lake Balboa, coffee shops, restaurants, and everyday retail amenities. It also boasts excellent regional connectivity via the 405 and 101 freeways, Metro bus lines, and the Van Nuys Metrolink Station providing convenient access to key employment centers in Sherman Oaks, Burbank, Studio City, and Downtown Los Angeles.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Interior Features Open Floorplan, Recessed Lighting, Loft, Walk-In Pantry, Walk-In Closet(s)

Heating Central

Flooring Wood

Fireplaces Type None

Fireplace No

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

Exterior

Exterior Feature Rain Gutters

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

Pool None

Community Features Gated

Amenities Available Controlled Access

View Y/N Yes

View City Lights, Courtyard

Porch Enclosed

Total Parking Spaces 12

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 2241007006

Security Features Fire Sprinkler System,Security Gate,Gated Community,24 Hour Security,Smoke Detector(s)

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.