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.
New construction
$5,990,000
14728 Friar St, Van Nuys, CA 91411
22beds
22baths
10,176sqft
Multi Family
Built in 2026
-- sqft lot
$-- Zestimate®
$589/sqft
$-- HOA
What's special
- 441 days
- 44
- 0
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#: 25555149
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 22
Rooms
- Room types: Living Room, Dining Area, Walk-In Closet, Loft, Walk-In Pantry
Bedroom
- Features: Walk-In Closet(s)
Kitchen
- Features: Open to Family Room, Pantry, Remodeled, Counter Top
Heating
- Central
Cooling
- Air Conditioning
Appliances
- Included: Oven, Microwave, Range Hood, Dishwasher, Dryer, Freezer, Washer, Refrigerator, Range/Oven, Tankless Water Heater
- Laundry: In Unit, Laundry - Closet Stacked
Features
- Recessed Lighting, Open Floorplan, Turnkey, Elevator
- Flooring: Hardwood
- Doors: Insulated Doors, Sliding Doors
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: Common Walls
Interior area
- Total structure area: 10,176
- Total interior livable area: 10,176 sqft
Property
Parking
- Total spaces: 12
- Parking features: Covered, Gated, Secured, Side By Side
- Covered spaces: 12
Features
- Levels: Three Or More,Multi/Split
- Stories: 5
- Entry location: Ground Level w/steps
- Patio & porch: Enclosed
- Exterior features: Balcony, Rain Gutters, Living Room Balcony
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, City, Courtyard, Walk Street
- Waterfront features: None
Lot
- Size: 6,250 Square Feet
- Dimensions: 50 x 125
- Features: Lot-Level/Flat, Sidewalks, Curbs, Gutters, Street Lighting, Single Lot, Storm Drains, City Lot, Near Public Transit, Flats
Details
- Additional structures: None
- Parcel number: 2241007006
- 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: 2026
Utilities & green energy
- Sewer: In Connected and Paid
- Water: Public, Meter on Property
Community & HOA
Community
- Security: 24 Hour Security, Automatic Gate, Gated, Fire Sprinkler System, Smoke Detector(s)
HOA
- Amenities included: Controlled Access, Elevator(s), Gated Parking
Location
- Region: Van Nuys
Financial & listing details
- Price per square foot: $589/sqft
- Tax assessed value: $567,190
- Date on market: 6/23/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,324/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2025 | Listed for sale | $5,990,000+598999900%$589/sqft |
Source:  CLAW #25555149 Report a problem | ||
| 5/14/2024 | Listing removed | -- |
Source: CLAW #24-354247 Report a problem | ||
| 2/1/2024 | Listed for sale | $1-100% |
Source: CLAW #24-354247 Report a problem | ||
| 4/15/2020 | Listing removed | $1,700,000$167/sqft |
Source: Sperry Van Ness #20559162 Report a problem | ||
| 2/28/2020 | Listed for sale | $1,700,000+250.5%$167/sqft |
Source: Sperry Van Ness #20559162 Report a problem | ||
| 11/4/2016 | Sold | $485,000+870%$48/sqft |
Source: Public Record Report a problem | ||
| 6/16/2016 | Sold | $50,000-85.7%$5/sqft |
Source: Public Record Report a problem | ||
| 7/25/2013 | Sold | $349,000$34/sqft |
Source: Public Record Report a problem | ||
| 5/25/2013 | Listed for sale | $349,000+45.9%$34/sqft |
Source: Griffin Real Estate, Inc. #IG13097168 Report a problem | ||
| 5/11/2012 | Sold | $239,200-52.8%$24/sqft |
Source: Public Record Report a problem | ||
| 9/22/2011 | Listing removed | $1,250 |
Source: RentNice.com Report a problem | ||
| 7/28/2011 | Listed for rent | $1,250 |
Source: RentNice.com Report a problem | ||
| 10/13/2005 | Sold | $506,500+166.6%$50/sqft |
Source: Public Record Report a problem | ||
| 10/2/2001 | Sold | $190,000+51.4%$19/sqft |
Source: Public Record Report a problem | ||
| 1/29/2001 | Sold | $125,500$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,073,438 +85.5% |
| 2025 | $7,189 +0.9% | $578,533 +2% |
| 2024 | $7,125 +1.9% | $567,190 +2% |
| 2023 | $6,990 +4.8% | $556,070 +2% |
| 2022 | $6,669 +1.3% | $545,168 +1.9% |
| 2021 | $6,586 -1.1% | $535,048 +1% |
| 2020 | $6,657 | $529,563 +4.9% |
| 2019 | $6,657 +8.5% | $504,593 +2% |
| 2018 | $6,136 | $494,700 +2% |
| 2017 | $6,136 +2.2% | $485,000 +34.2% |
| 2016 | $6,001 +33.3% | $361,400 +1.5% |
| 2015 | $4,502 +1% | $355,972 +2% |
| 2014 | $4,459 | $349,000 +29.7% |
| 2012 | -- | $269,000 -28.5% |
| 2011 | -- | $376,000 |
| 2010 | -- | $376,000 -20.8% |
| 2009 | -- | $474,700 |
| 2008 | -- | $474,700 -11% |
| 2007 | -- | $533,315 +5.3% |
| 2006 | -- | $506,500 +139.1% |
| 2005 | -- | $211,847 +7.4% |
| 2004 | -- | $197,313 +1.9% |
| 2003 | -- | $193,698 +2% |
| 2002 | -- | $189,900 +46.6% |
| 2000 | -- | $129,506 |
Find assessor info on the county website
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Neighborhood: Van Nuys
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