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.
New construction
$5,990,000
14728 Friar St, Van Nuys, CA 91411
22beds
22baths
10,176sqft
Est.:
Multi Family
Built in 2026
-- sqft lot
$783,800 Zestimate®
$589/sqft
$-- HOA
What's special
- 53 days
- on Zillow |
- 100 |
- 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#: 25555149

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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