Van Nuys, CA 91411,14728 Friar St
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Van Nuys, CA 91411,14728 Friar St
Van Nuys, CA 91411,14728 Friar St
Van Nuys, CA 91411,14728 Friar St
Van Nuys, CA 91411,14728 Friar St
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Sharlyn Nazarian & Paul Phillips

Sharlyn Nazarian & Paul Phillips

+1(323) 523-9366
$ 5,990,000
Est. payment /mo
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14728 Friar St Van Nuys, CA 91411

22 Beds

22 Baths

10,176 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,176 sqft

Price per Sqft $588

MLS Listing ID 25555149

Style Contemporary

Bedrooms 22

Construction Status New Construction

Lot Size 6,250 Sqft

Acres 0.1435

Property Sub-Type Multi-Family

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 East Van Nuys

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Kitchen Open to Family Room, Pantry, Remodeled, Counter Top

Interior

Interior Features Recessed Lighting, Open Floor Plan, Laundry - Closet Stacked, Turnkey, Common Walls

Heating Central

Cooling Air Conditioning

Flooring Hardwood

Fireplaces Type None

Equipment Dishwasher, Dryer, Elevator, Freezer, Microwave, Other, Washer, Refrigerator, Range/Oven

Laundry In Unit

Exterior

Parking Features Covered Parking, Gated, Controlled Entrance, Side By Side

Garage Spaces 12.0

Pool None

Amenities Available Controlled Access, Elevator, Gated Parking

Waterfront Description None

View Y/N Yes

View City Lights, City, Courtyard, Walk Street, Skyline

Roof Type Flat

Building

Lot Description Lot-Level/Flat, Sidewalks, Curbs, Gutters, Street Paved, Street Lighting, Single Lot, Storm Drains

Story 5

Foundation Slab, Permanent

Sewer In Connected and Paid

Water Public, Meter on Property

Architectural Style Contemporary

Level or Stories Three Or More, Multi/Split

Structure Type Concrete, Stucco

Construction Status New Construction

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.
Sharlyn Nazarian & Paul Phillips

Sharlyn Nazarian & Paul Phillips

Realtor | License ID: DRE #02251393 DRE#02251387

+1(323) 523-9366

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14728 Friar St