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$3,900,000
14655 Erwin St, Van Nuys, CA 91411
0 Beds
0 Baths
n/a SqFt

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OPPORTUNITY ZONE | 2022 CONSTRUCTION | 5 UNIT | NO RENT CONTROL- Take advantage of additional OZ tax benefits if you close prior of C of O issued. A high demand investment opportunity featuring modern design and open floor plans throughout. This secure well-built development consists of (2) 5 Bed 4 Bath, (2) 4 Bed 3 Bath and (1) 2 Bed 2 Bath units each equipped with its own Central A/C & laundry room, three stories, on grade garage parking, broad balconies, substantial bedrooms distributed among all levels and conveniently resides near City Hall, Van Nuys Orange Line Station, Large Shopping Centers and just under 7 miles from Bob Hope Airport. This fantastic development product would be a great property to add to your portfolio with a projected 5.4% Cap Rate and considerable annual gross rental income. An unparalleled opportunity to acquire a remarkable property and a lasting investment with great potential in a thriving neighborhood.
  • Price:
  • $3,900,000
  • Acreage:
  • 0.16
  • Year Built:
  • 2022
  • Listing ID #:
  • 22-186841
  • Street Address:
  • 14655 Erwin St
  • City:
  • Van Nuys
  • State:
  • California
  • Postal Code:
  • 91411
  • County:
  • Los Angeles
  • Listing Status:
  • Active
  • Listing Type:
  • MultiFamily
  • Exterior Description:
  • Stucco
  • New Construction:
  • Yes
  • Stories:
  • 3.0
  • Style:
  • Modern
  • Year Built:
  • 2022
  • Conforms To Zoning:
  • Lar3
  • Parking Description:
  • Driveway, Garage
  • Parking Spaces:
  • 8
  • Appliances:
  • Oven, Range - Gas
  • Cooling System:
  • Central A/C
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
30-year Conforming

6.39%

-0.151%

30-year FHA

6.363%

-0.116%

30-year VA

6.238%

-0.032%

Last updated: 12/1/2022
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*OPTIMAL BLUE MORTGAGE MARKET INDICES - Calculated from actual locked rates with consumers across more than one-third of all mortgage transactions closed nationwide, OBMMI provides multiple mortgage pricing indices developed around the most popular mortgage products and specific borrower attributes and provides configurable trending of rates over time.

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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Copyright © 2022 Combined LA Westside Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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