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14109 Erwin St 7 Unit Apartment Building $1,350,000 ($192,857/Unit) 5.01% Cap Rate Van Nuys, CA 91401
Investment Highlights
- 7 units in nice Van Nuys rental pocket
- Upside in existing rents. Tenants are due for a rent increase on 2/1/26 and seller has not raised rents
- Upstairs balconies redone
- Excellent unit mix consisting of (1) studio, (4) 1+1 units, (1) 2+2 unit, and (1) 3+2 unit
- Seismic retrofit completed, new roof 2018, copper plumbing, and new water heater
- New buyer has the option to update electrical to reduce insurance costs
Executive Summary
Equity Union Commercial is proud to represent this 7 unit apartment building in Van Nuys.
The property has an excellent unit mix consisting of (1) studio, (4) 1+1 units, (1) 2+2 unit, and (1) 3+2 unit. With a lot size of 6,252 square feet, the property has a total of 5,200 rentable square feet.
Seismic retrofit has been completed and the property features a new roof (2018), copper plumbing, and a new water heater. The upstairs balconies have been redone.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
The property has an excellent unit mix consisting of (1) studio, (4) 1+1 units, (1) 2+2 unit, and (1) 3+2 unit. With a lot size of 6,252 square feet, the property has a total of 5,200 rentable square feet.
Seismic retrofit has been completed and the property features a new roof (2018), copper plumbing, and a new water heater. The upstairs balconies have been redone.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,350,000 | Building Class | C |
| Price Per Unit | $192,857 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,200 SF |
| Cap Rate | 5.01% | Average Occupancy | 97% |
| Gross Rent Multiplier | 10.33 | No. Stories | 1 |
| No. Units | 7 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.35/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3-1, City of L.A. | ||
| Price | $1,350,000 |
| Price Per Unit | $192,857 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 10.33 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,200 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3-1, City of L.A. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 - 500 |
| 1+1 | 4 | - | 500 - 650 |
| 2+1 | 1 | - | 600 - 700 |
| 3+2 | 1 | - | 700 - 850 |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 2240-018-015 | Improvements Assessment | $503,000 |
| Land Assessment | $755,000 | Total Assessment | $1,258,000 |
Property Taxes
Parcel Number
2240-018-015
Land Assessment
$755,000
Improvements Assessment
$503,000
Total Assessment
$1,258,000
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14109 Erwin St
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