14728 Friar ST, Van Nuys, CA 91411 – 25555149 - Tracy Baker

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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 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

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

Heating Central

Flooring Wood

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Covered

Community Features Gated

Total Parking Spaces 12

Building

Story 5

Entry Level Three Or More,Multi/Split

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

Listed by Scott Rosenberg Kidder Mathews of California, Inc.

+1(619) 507-4230

tracy@tracybbaker.com

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14728 Friar ST Van Nuys, CA 91411