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New construction
  • $5,990,000

    14728 Friar St, Van Nuys, CA 91411

    22beds
    22baths
    10,176sqft
    : 
    Multi Family
    Built in 2026
    -- sqft lot
    $783,800 Zestimate®
    $589/sqft
    $-- HOA

    What's special

    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.
    53 days
    on Zillow
    |
    99
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 30, 2025 at 05:06pm

    Listed by:

    Scott Rosenberg DRE # 01456686 310-889-8738,

    Kidder Mathews of California, Inc. 310-807-0880

    Source: CLAW,MLS#: 25555149MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 22
    • Bathrooms: 22
    Heating
    • Central
    Cooling
    • Air Conditioning
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Washer, Refrigerator, Range/Oven
    • Laundry: In Unit
    Features
    • Elevator
    • Flooring: Hardwood
    Interior area
    • Total structure area: 10,176
    • Total interior livable area: 10,176 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Covered
    • Covered spaces: 12
    Features
    • Levels: Three Or More,Multi/Split
    • Stories: 5
    • Exterior features: Balcony
    Lot
    • Size: 6,250.86 Square Feet
    • Dimensions: 50 x 125
    Details
    • Additional structures: None
    • Parcel number: 2241007006
    • Zoning: LAR3
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2026

    Community & HOA

    Community
    • Security: 24 Hour Security, Automatic Gate, Gated, Fire Sprinkler System, Smoke Detector(s)
    Location
    • Region: Van Nuys

    Financial & listing details

    • Price per square foot: $589/sqft
    • Tax assessed value: $567,190
    • Annual tax amount: $7,125
    • Date on market: 6/23/2025
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