14629 Erwin St, Van Nuys, CA 91411

Description

This newly constructed multifamily development represents a rare turnkey opportunity in the heart of Van Nuys. The project has secured its TCO and is pending final Certificate of Occupancy, positioning an investor to move directly into lease-up, with seven (7) units already occupied at pro forma rents, providing early income validation and a strong foundation for stabilization at a projected 5.41% market cap rate, allowing for immediate lease-up and optimized rental execution. The units are thoughtfully designed with spacious layouts, private balconies, and in-unit washer/dryers, while two oversized penthouse units crown the building and offer expansive outdoor living are...