Property
Beds
22
Full Baths
None
1/2 Baths
None
Year Built
2026
Sq.Footage
10,176
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.
Features & Amenities
Interior
-
Total Bedrooms
22
Area & Lot
-
Lot Size(acres)
0.1435
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Covered
Financial
-
Sales Price
$5,990,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Scott Rosenberg , Kidder Mathews of California, Inc.
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