14728 Friar St, Van Nuys, CA 91411

This newly developed multifamily property is located at 14728 Friar St., Van Nuys, CA 91411. The property is situated in an Opportunity Zone and comprises twelve units: two one-bedroom apartments and ten two-bedroom apartments. Ten units are designated as market-rate, while two are for low-income residents. The property is located west of the intersection of Friar Street and Cedros Avenue, one block south of Victory Boulevard, providing convenient access to the 405 Freeway, Van Nuys Airport, and major thoroughfares of the San Fernando Valley, including Sepulveda Boulevard, Victory Boulevard, Oxnard Street, and Sherman Way. Van Nuys High School and various retail shops and restaurants along Victory Boulevard are within a ten-minute walk. The property's location within an Opportunity Zone may present a compelling investment opportunity for Qualified Opportunity Funds and 1031 Exchange buyers, potentially allowing for the elimination of capital gains accrued from the date of purchase if held for over ten years. Van Nuys is located in the San Fernando Valley region of Los Angeles County, bordering Sherman Oaks, North Hollywood, North Hills, Panorama City, Valley Glen, Lake Balboa, and Northridge. The area is experiencing new multifamily development, making it an attractive location for residents and developers. Notable landmarks in Van Nuys include the Van Nuys Airport, Van Nuys Golf Course, the Civic Center, the Anheuser-Busch Brewery, and Valley Presbyterian Hospital. The property has a Walk Score of 79, indicating it is "Very Walkable."