21
See all 21 photos
$5,990,000
Est. payment /mo
22 Beds
22 Baths
10,176 SqFt
New
14728 Friar ST Van Nuys, CA 91411
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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.