Date
Details
Price
Change
Source
6/23/2025
Listed
$5,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$5,990,000
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Property Description
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.
Full Property Details
Full Property Details for 14728 Friar St
General
- Price: $5,990,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25555149
- Updated: 10/23/2025
- Added to Site: 208 day(s) ago
Interior
- Rooms/Areas: Living Room, Dining Area, Primary Bedroom, Walk-In Closet, Loft, Walk-In Pantry, Den/Office
- Interior Features: Recessed Lighting, Open Floor Plan, Laundry - Closet Stacked, Turnkey, Common Walls
- Cooking Appliances: Oven, Microwave, Range Hood
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 22
Bedrooms
- Total Bedrooms: 22
Other Rooms
- Laundry: In Unit
Additional Information
- Shared Amenities: Controlled Access, Elevator, Gated Parking
- Pool Description: None
- Spa Description: None
- Security/Safety: 24 Hour, Automatic Gate, Gated, Fire Sprinklers, Smoke Detector
- Other Features: None
Exterior
- Deck/Patio: Balcony, Living Room Balcony, Enclosed
Parking
- Covered Spaces: 12
- Garage Description: Covered Parking, Gated, Controlled Entrance, Side By Side
Location
- Area: East Van Nuys
- County: Los Angeles
- Driving Directions: Located in the heart of Van Nuys, the property is surrounded by new multifamily development and neighborhood amenities. The property offers convenient access to the 405 and 101 freeways, Van Nuys Boulevard, and the Orange Line, making it a highly accessible and in-demand rental location. The area continues to see growth and investment activity.
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Central
Utilities
- Sewer: In Connected and Paid
- Water: Public, Meter on Property
Structural Information
- # Buildings: 1
- Architectural Style: Contemporary
- Exterior Const.: Concrete, Stucco
- Basement Desc.: Slab, Permanent
- Foundation: Slab, Permanent
- Roof: Flat
- Windows: Double-Pane Windows
- Entry Location: Ground Level w/steps
- Stories/Levels: 5
- Square Feet: 10,176
- Sq. Ft. Source: Owner
- Year Built: 2026
- Year Built Source: Owner
- Property Condition: New Construction
- Other Struct. Feat.: Balcony, Sprinkler System, Rain Gutters, Insulated Doors, Sliding Glass Doors, Slab, Energy Efficient
Unit Information
- Units in Complex: 12
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Property View: City Lights, City, Courtyard, Walk Street, Skyline
- Lot Size (Acres): 0.1435
- Lot Size: 6250
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 50 x 125
- Irrigation System: Sprinkler System
- Lot Features: City, Near Public Transit, Flats
- Zoning: LAR3
- Lot Description: Level/Flat Lot, Sidewalks, Curbs, Gutters, Street Paved, Street Lighting, Single Lot, Storm Drains
Financial Considerations
- Price Per Sq. Ft.: $588.64
- Price Per Unit: 499167
- Assessment Year: 2026
Disclosures and Reports
- Disclosures/Reports: None
- APN: 2241-007-006
Listed by Kidder Mathews of California, Inc., Scott Rosenberg
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 14728 Friar St —
Scott Rosenberg
Kidder Mathews of California, Inc.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 14728 Friar St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Sylvan Park Elementary School 6238 Noble Ave., Los Angeles, CA 91411 | K-5 | 0.4 mi |
Van Nuys Middle School 5435 Vesper Ave., Los Angeles, CA 91411 | 6-8 | 1.1 mi |
Van Nuys Senior High School 6535 Cedros Avenue, Los Angeles, CA 91411 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14728 Friar St
Tax History
Tax History for 14728 Friar St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,189
3%
$578,533
4%
2023
$6,990
5%
$556,070
2%
2022
$6,669
1%
$545,168
2%
2021
$6,586
-1%
$535,048
1%
2020
$6,657
7%
$529,563
5%
2019
$6,227
1%
$504,593
2%
2018
$6,136
2%
$494,700
2%
2017
$6,001
33%
$485,000
34%
2016
$4,502
1%
$361,400
2%
2015
$4,438
—
$355,972
2%
2014
$4,459
40%
$349,000
43%
2013
$3,196
—
$244,290
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 14728 Friar St
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14728 Friar St, Van Nuys, CA 91411 (MLS# 25555149) is a Multi-Family property with units containing 22 bedrooms and 0 full bathrooms. 14728 Friar St is currently listed for $5,990,000 and was received on June 23, 2025. Want to learn more about 14728 Friar St? Do you have questions about finding other Multi-Family real estate for sale in Van Nuys - East? You can browse all Van Nuys - East real estate or contact a Coldwell Banker agent to request more information.