Features & Amenities

Interior

  • Total Bedrooms

    28

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

Exterior

  • Garage

    No

  • Parking

    Community Structure

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.31

  • Property Type

    Residential Income

Price

  • Sales Price

    $5,200,000

  • Sq. Footage

    15, 188

  • Price/SqFt

    $342

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Jon Emrani , Marcus & Millichap

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We are proud to present the opportunity to acquire 14126 Tiara St, a 16-unit gem tucked away on a lightly trafficked street in Van Nuys less than half a mile from the Sherman Oaks border. The property was constructed in 1988 making it not subject to Los Angeles City's rent control. Surrounded by a mix of single family homes and low density apartment communities, the location offers a suburban feel allowing residents to escape the hustle and bustle of Los Angeles. The property features a highly attractive unit mix of four (1+1), eight (2+2), and four (2 + 2 townhouse style) units. Each unit has undergone detailed and thoughtful upgrades that set it apart from the vast majority of rental options in the area.  Some of the significant improvements made to the unit interiors include sleek kitchen countertops, recessed lighting, new floors, and contemporary bathroom tiles. Select units feature private balconies. The property's amenities include on-site laundry, central A/C, and secure covered parking. The property features 28 covered parking spaces and 4 uncovered spaces. The property is being offered with the opportunity to assume an existing loan at a 3.95 percent rate fixed until June 2026 (Buyer to verify).

14126 Tiara Street

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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.
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