14728 Friar Street, Van Nuys, CA 91411
- $5,990,000
- 22
- BD
- 22
- BA
- 10,176
- SqFt
- List Price
- $5,990,000
- Status
- ACTIVE
- MLS#
- 25555149
- Year Built
- 2026
- Bedrooms
- 22
- Bathrooms
- 22
- Living Sq. Ft
- 10,176
- Lot Size
- 6,250
- Acres
- 0.14
- Days on Market
- 402
- Property Type
- Multifamily
- Style
- Contemporary
- Stories
- Three Or More Levels, Multi Level
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.
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Additional Information
- Association Amenities
- Controlled Access
- Appliances
- Dishwasher, Microwave, Oven, Refrigerator, Range Hood, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- View
- City Lights, Courtyard
- Exterior Construction
- Concrete, Stucco
- Patio
- Enclosed
- Sewer
- Sewer Tap Paid
- Interior Features
- Open Floorplan, Recessed Lighting, Loft, Walk-In Pantry, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 12
Listing courtesy of Listing Agent: Scott Rosenberg (scott.rosenberg@kidder.com) from Listing Office: Kidder Mathews of California, Inc..
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