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14631 Erwin St

los angeles, CA 91411

$11,500,000

  • 49 BR
    approx. 24,115 SF

Interested? Let's Connect

Built in 2025, this four-story, 24,115 SF Class A property presents a prime opportunity to invest in one of the San Fernando Valley's most dynamic rental markets. This newly developed project has received its Temporary Certificate of Occupancy (TCO) and is awaiting final Certificate of Occupancy. Ideally located near Sherman Oaks and North Hollywood, it offers tenants convenient access to major employment centers, retail corridors, and transit options. Each unit features modern finishes, in-unit washer/dryers, and private balconies, while the community offers an on-site fitness center and 27 gated parking spaces that enhance tenant appeal and retention. Two expansive penthouse units boast enormous balconies, and 9 of the 22 units are currently pre-leased with 13 units currently available, allowing investors immediate leasing flexibility and rent optimization potential. With fee simple ownership, separately metered utilities, and strong market fundamentals, the property delivers efficient operations, stable cash flow, and long-term value in a high-demand Van Nuys submarket. Multifamily assets in this area historically achieve cap rates around 4.5%, offering investors the potential for consistent income, long-term appreciation, and exposure to a resilient, high-growth market supported by strong rental fundamentals.

Details

24,115 Sq Ft

0.3217 Private Acres Lot Size

investment

Built in 2025

MLS/Listing ID 25611273

4 Stories

22 Units

Amenities & Features

Style - Modern

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