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.
Details
MLS #
25555149
Listing Type
For Sale
Sub-Type
New Construction
Status
Active
Year
2026
Days On Site
444
Listing Provided By
Kidder Mathews of California, Inc. | Scott Rosenberg
Features
Bed(s)
22
Bath(s)
22
SQ Feet
10,176
Story(s)
5
Units
12
Building(s)
1
Zoning
LAR3
Acreage
0.14
Property View
Yes
Interior
Heating
Central
Heating Yes / No
Yes
Interior Features
Open Floorplan, Recessed Lighting, Loft, Walk In Pantry, Walk In Closets
Window Features
Double Pane Windows
Appliances
Dishwasher, Microwave, Oven, Refrigerator, Range Hood, Dryer, Washer
Fireplace Yes / No
No
Exterior
Exterior Features
Rain Gutters
Security Features
Fire Sprinkler System, Security Gate, Gated Community, Twenty Four Hour Security, Smoke Detectors
Construction Materials
Concrete, Stucco
Foundation Details
Permanent, Slab
Parking
Parking Features
Controlled Entrance, Covered, Gated, Side By Side
Utilities
Sewer
Sewer Tap Paid
Location
Community Features
Gated
Area Information
State
CA
County
Los Angeles
City
Van Nuys
Zip Code
91411
Area
VN Van Nuys
Sourced by Back At You
MLS#: 25555149 Listed By: Scott Rosenberg - Kidder Mathews of California, Inc. - 3108070880-
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MLS#: 25555149 Listed By: Scott Rosenberg - Kidder Mathews of California, Inc. - 3108070880-
