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  • 14629 Erwin Street

14629 Erwin Street, Van Nuys, CA 91411

$10,950,000 Approx. USD 49 beds, 40 baths
24,115 sqft

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Photo of Reyne Stapelmann

Reyne Stapelmann REALTOR® - Broker Associate 805-705-4353 m
805-879-8091 o
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Text Me
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Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053
 Santa Barbara 3868 State St
Santa Barbara, CA 93105
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Listing Agent


Scott Rosenberg | scott.rosenberg@kidder.com
Lic#: 01456686
Broker: Courtesy of Kidder Mathews of California, Inc.
Phone: 310-889-8738

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25549049
List price is $10,950,000 Reduced by $550,000 on 4/2/2026
Price: $10,950,000
Beds: 49
Baths: 40
None fireplaces
Built in 2025
24,115 sqft
0.32 acres
Lot size: 0.3216
County: Los Angeles
Property style: Contemporary
Zoning: LAR3
Construction: Concrete,Stucco
Interior features: Balcony,Elevator,Open Floorplan,Recessed Lighting,Walk-In Closet(s)
Exterior features: Rain Gutters
Appliances: Dishwasher,Microwave,Oven,Refrigerator,Range Hood,Dryer,Washer
Parking description: Assigned,Controlled Entrance,Covered,Gated,Side By Side
Heating description: Electric
MLS area: VN - Van Nuys

Last Updated: 6/12/2026

 Days On Market (DOM): 378

 Find more Van Nuys homes and real estate

 Find more homes in 91411 zip code

This listing belongs to the VN - Van Nuys MLS area

The style of this listing is Contemporary.
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Lat/Long: 34.183910, -118.451905.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Reyne Stapelmann

Reyne Stapelmann REALTOR® - Broker Associate 805-705-4353 m
805-879-8091 o
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Text Me
Call My Cell
Call My Office
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com
Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
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