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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.
| DAYS ON MARKET | 166 | LAST UPDATED | 6/23/2025 |
|---|---|---|---|
| YEAR BUILT | 2026 | COMMUNITY | VN - Van Nuys |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Dryer, Microwave, Oven, Range Hood, Refrigerator, Washer |
|---|---|
| AREA | VN - Van Nuys |
| CONSTRUCTION | Concrete, Stucco |
| EXTERIOR | Rain Gutters |
| HEAT | Central |
| INTERIOR | Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s) |
| LOT | 6251 sq ft |
| LOT DIMENSIONS | 50x125 |
| PARKING | Covered, Gated, Side By Side |
| POOL DESCRIPTION | None |
| STORIES | Three Or More, Multi/Split |
| STYLE | Contemporary |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 12/6/25 8:34 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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