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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 areas. The property also features 30 dedicated parking spaces secured behind a gated entrance, providing residents with both convenience and peace of mind. The asset is situated within one of the Valley's most active development corridors, with approximately 20 new multifamily projects underway in Van Nuys and nearly 40 additional developments progressing in adjacent neighborhoods such as Sherman Oaks and North Hollywood, reflecting sustained rental demand, high occupancy levels, continued employment growth, and relative affordability compared to nearby submarkets. The location provides residents with excellent access to parks, outdoor recreation, and a variety of nearby restaurants, cafs, and shopping destinations, while its central positioning within the Valley ensures convenient connectivity to major employment hubs and lifestyle amenities, making the asset a compelling opportunity for investors seeking a high-quality, newly built multifamily property with strong long-term growth potential.
Property Type(s):
Residential Income
| Last Updated | 4/1/2026 | Year Built | 2025 |
|---|---|---|---|
| Community | VN - Van Nuys | County | Los Angeles |
Price History
| Prior to Dec 16, '25 | $12,500,000 |
|---|---|
| Dec 16, '25 - Apr 1, '26 | $11,500,000 |
| Apr 1, '26 - Today | $10,950,000 |
Additional Details
| APPLIANCES | Dishwasher, Dryer, Microwave, Oven, Range Hood, Refrigerator, Washer |
|---|---|
| AREA | VN - Van Nuys |
| CONSTRUCTION | Concrete, Stucco |
| EXTERIOR | Balcony, Rain Gutters |
| HEAT | Electric |
| INTERIOR | Elevator, Open Floorplan, Recessed Lighting, Walk-In Closet(s) |
| LOT | 0.3216 acre(s) |
| LOT DIMENSIONS | 14009 |
| PARKING | Assigned, Covered, Gated, Side By Side |
| POOL DESCRIPTION | None |
| STORIES | Three Or More, Multi/Split |
| STYLE | Contemporary |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
Location
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Listed with Kidder Mathews of California, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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