CA > Van Nuys
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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Elite Real Estate Group

Elite Real Estate Group

$5,990,000
Est. payment /mo
22 Beds
22 Baths
10,176 SqFt
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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

Interior Features Open Floorplan, Recessed Lighting, Loft, Walk-In Pantry, Walk-In Closet(s)

Heating Central

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Oven, Refrigerator, Range Hood, Dryer, Washer

Exterior

Exterior Feature Rain Gutters

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

Pool None

Community Features Gated

Amenities Available Controlled Access

View Y/N Yes

View City Lights, Courtyard

Porch Enclosed

Total Parking Spaces 12

Private Pool No

Building

Story 5

Entry Level Three Or More,Multi/Split

Foundation Permanent, Slab

Sewer Sewer Tap Paid

Architectural Style Contemporary

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

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CRMLS – RECore
Listed by Scott Rosenberg Kidder Mathews of California, Inc.

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Elite Real Estate Group

Elite Real Estate Group

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14728 Friar ST