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14629 W Erwin St 22 Unit Apartment Building $15,898,751 CAD ($722,670 CAD/Unit) 5.14% Cap Rate Van Nuys, CA 91411
INVESTMENT HIGHLIGHTS
- Opportunity Zone Tax Advantage – The property is located within a designated Opportunity Zone and offers potential property tax benefits for investors
- All units have expansive private balconies and in-unit washer/dryers.
- 27 Gated Parking Spaces – Secure, dedicated parking adds value for residents and increases overall property desirability.
- Located in a thriving neighborhood with approximately 20 new multifamily development projects within the Van Nuys submarket
- Spacious, thoughtfully designed units, each featuring a private balcony and in-unit washer/dryer. Two massive penthouse units, enormous balconies.
- Proven strong rental demand and high occupancy rates, fueled by job growth, affordability, and an increase in population.
EXECUTIVE SUMMARY
Built in 2025, this four-story, 24,115 SF Class A property presents a rare chance to invest in one of the San Fernando Valley’s strongest rental markets. Positioned near Sherman Oaks and North Hollywood, the location offers tenants quick access to major job centers, retail corridors, and transit. Each unit features modern finishes, in-unit washer/dryers, and private balconies, supported by on-site amenities including a fitness center and 27 gated parking spaces that drive tenant demand and retention.
With fee simple ownership, separately metered utilities, and healthy market fundamentals, the property delivers efficient operations, stable cash flow, and long-term value in a high-demand Van Nuys submarket. Multifamily assets in this pocket typically trade at 4.5%–5.0% cap rates, underscoring the area’s consistent performance, strong rental growth, and durable investor appeal.
Opportunity Zone Tax Advantage – The property is located within a designated Opportunity Zone and may offer significant property tax benefits for investors who close prior to Certificate of Occupancy issuance, creating a unique chance to capture meaningful tax savings while securing a newly delivered asset in a high-growth market.
With fee simple ownership, separately metered utilities, and healthy market fundamentals, the property delivers efficient operations, stable cash flow, and long-term value in a high-demand Van Nuys submarket. Multifamily assets in this pocket typically trade at 4.5%–5.0% cap rates, underscoring the area’s consistent performance, strong rental growth, and durable investor appeal.
Opportunity Zone Tax Advantage – The property is located within a designated Opportunity Zone and may offer significant property tax benefits for investors who close prior to Certificate of Occupancy issuance, creating a unique chance to capture meaningful tax savings while securing a newly delivered asset in a high-growth market.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,188,674
|
$49.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$35,660
|
$1.48
|
| Effective Gross Income |
$1,153,013
|
$47.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$336,120
|
$13.94
|
| Net Operating Income |
$816,893
|
$33.87
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,188,674 |
| Annual Per SF | $49.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $35,660 |
| Annual Per SF | $1.48 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,153,013 |
| Annual Per SF | $47.81 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $336,120 |
| Annual Per SF | $13.94 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $816,893 |
| Annual Per SF | $33.87 |
PROPERTY FACTS
| Price | $15,898,751 CAD | Building Class | B |
| Price Per Unit | $722,670 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 24,115 SF |
| Cap Rate | 5.14% | Average Occupancy | 60% |
| Gross Rent Multiplier | 13.38 | No. Stories | 4 |
| No. Units | 22 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | LAR3 | ||
| Price | $15,898,751 CAD |
| Price Per Unit | $722,670 CAD |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Gross Rent Multiplier | 13.38 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 24,115 SF |
| Average Occupancy | 60% |
| No. Stories | 4 |
| Year Built | 2025 |
| Parking Ratio | 0.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Double Pane Windows
- Freezer
- Handrails
- Pantry
- Smoke Free
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Gated
- Recycling
- Smoke Free
- Bicycle Storage
- Elevator
- Public Transportation
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,869 CAD | 850 |
| 2+2 | 9 | $4,597 CAD | 1,000 - 1,145 |
| 3+2 | 9 | $5,530 CAD | 1,125 - 1,680 |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (78)
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14629 W Erwin St
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