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.
New construction
$10,950,000
14629 Erwin St, Van Nuys, CA 91411
49beds
40baths
24,115sqft
Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$454/sqft
$-- HOA
What's special
Two oversized penthouse unitsPrivate balconiesSpacious layouts
- 398 days |
- 97 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Scott Rosenberg DRE # 01456686 310-889-8738,
Kidder Mathews of California, Inc. 310-807-0880
Source: CLAW,MLS#: 25549049
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 49
- Bathrooms: 40
Rooms
- Room types: Living Room, Dining Area, Walk-In Closet
Bedroom
- Features: Walk-In Closet(s)
Kitchen
- Features: Counter Top, Kitchen Island, Open to Family Room, Pantry, Remodeled
Heating
- Electric
Cooling
- Air Conditioning
Appliances
- Included: Microwave, Range Hood, Oven, Dishwasher, Dryer, Freezer, Range/Oven, Refrigerator, Washer, Tankless Water Heater, Gas Water Heater
- Laundry: In Unit, Laundry - Closet Stacked
Features
- Recessed Lighting, Open Floorplan, Living Room Balcony, Turnkey, Elevator
- Flooring: Hardwood
- Doors: Sliding Doors, Insulated Doors
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: Common Walls
Interior area
- Total structure area: 24,115
- Total interior livable area: 24,115 sqft
Property
Parking
- Total spaces: 30
- Parking features: Covered, Gated, Assigned, Secured, Side By Side
Features
- Levels: Multi/Split,Three Or More
- Stories: 5
- Entry location: Elevator
- Patio & porch: Enclosed
- Exterior features: Balcony, Rain Gutters
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, City
- Waterfront features: None
Lot
- Size: 0.32 Acres
- Features: Single Lot, Lot-Level/Flat, Sidewalks, Curbs, Gutters, Street Lighting, City Lot, Near Public Transit, Flats
Details
- Additional structures: None
- Parcel number: 2241011021
- Zoning: LAR3
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
Materials
- Concrete, Stucco
- Foundation: Slab, Permanent
- Roof: Flat
Condition
- New Construction
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: In Connected and Paid
- Water: Public, Meter on Property
Community & HOA
Community
- Security: 24 Hour Security, Automatic Gate, Fire Sprinkler System, Gated
HOA
- Amenities included: Elevator(s), Controlled Access, Gated Parking, Security
Location
- Region: Van Nuys
Financial & listing details
- Price per square foot: $454/sqft
- Tax assessed value: $265,905
- Annual tax amount: $3,328
- Date on market: 6/6/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,868/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Price change | $10,950,000-4.8%$454/sqft |
Source:  CLAW #25549049 Report a problem | ||
| 12/17/2025 | Price change | $11,500,000-8%$477/sqft |
Source: CLAW #25549049 Report a problem | ||
| 6/6/2025 | Listed for sale | $12,500,000+7475.8%$518/sqft |
Source: CLAW #25549049 Report a problem | ||
| 11/7/2011 | Sold | $165,000-8.3%$7/sqft |
Source: Agent Provided Report a problem | ||
| 4/6/2011 | Listing removed | $180,000$7/sqft |
Source: Avenida Del Sol Realty #F1862156 Report a problem | ||
| 1/28/2011 | Listed for sale | $180,000$7/sqft |
Source: Avenida Del Sol Realty #F1862156 Report a problem | ||
| 12/12/2010 | Listing removed | $180,000$7/sqft |
Source: Avenida Del Sol Realty #F1862156 Report a problem | ||
| 11/21/2010 | Listed for sale | $180,000$7/sqft |
Source: Avenida Del Sol Realty #F1862156 Report a problem | ||
| 10/2/2010 | Listing removed | $180,000$7/sqft |
Source: Avenida Del Sol Realty #F1856895 Report a problem | ||
| 9/24/2010 | Listed for sale | $180,000$7/sqft |
Source: Avenida Del Sol Realty #F1856895 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $3,328 -38.3% | $265,905 -38.8% |
| 2021 | $5,392 -1% | $434,136 +1% |
| 2020 | $5,445 | $429,685 +2% |
| 2019 | $5,445 +6.1% | $421,260 +2% |
| 2018 | $5,132 | $413,000 +131.3% |
| 2017 | $5,132 +121.3% | $178,569 +2% |
| 2016 | $2,319 +2.5% | $175,068 +1.5% |
| 2015 | $2,263 +0.6% | $172,440 +2% |
| 2014 | $2,249 | $169,063 +2.5% |
| 2012 | -- | $165,000 +19.6% |
| 2011 | -- | $137,962 +0.8% |
| 2010 | -- | $136,932 -0.2% |
| 2009 | -- | $137,258 +2% |
| 2008 | -- | $134,567 +2% |
| 2007 | -- | $131,929 +2% |
| 2006 | -- | $129,343 |
| 2005 | -- | $129,343 +4% |
| 2004 | -- | $124,322 +1.9% |
| 2003 | -- | $122,045 +2% |
| 2002 | -- | $119,653 +4% |
| 2000 | -- | $115,008 |
Find assessor info on the county website
Monthly payment
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Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Van Nuys
Nearby schools
GreatSchools rating
- 8/10Sylvan Park Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Van Nuys Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Van Nuys Senior High SchoolGrades: 9-12Distance: 0.4 mi
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- California
- Los Angeles County
- Los Angeles
- 91411
- Van Nuys
- 14629 Erwin St
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