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Van Nuys Apartment Building

14109 Erwin St Los Angeles, CA 91401

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7-unit apartment building in Van Nuys with recent upgrades.

Type:Multifamily
Property size:
5,200 SF
Lot size:
0.14 Acres
Price / SF:
$250/SF
Added:
Jan 16, 2026
Days on Market:
176
Last Refresh:
Jul 2 at 11:57 am

Property Features for 14109 Erwin St

General Information

Standard status
Active
Size
5,200 SF
Lot size
0.14 Acres
Property subtype
Multifamily

Building Details

Year Built
1964

Listing office Equity Union

Listing date Jan 16, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Equity Union


Investment Insights

Based on property information with market context.

This 7-unit apartment building is located in Van Nuys. The property features a unit mix consisting of one studio, four one-bedroom, one-bathroom units, one two-bedroom, two-bathroom unit, and one three-bedroom, two-bathroom unit. Situated on a 6,252 square foot lot, the building offers a total of 5,200 rentable square feet. Seismic retrofit has been completed. The property includes a new roof installed in 2018, copper plumbing, and a new water heater. The upstairs balconies have been renovated. The location provides close access to the 405, 101, and 170 freeways. Ventura Boulevard, with its restaurants and shopping options, is located nearby. The Metro Link transportation service offers access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.

Key Highlights

  • Excellent unit mix: (1) studio, (4) 1+1 units, (1) 2+2 unit, and (1) 3+2 unit.
  • New roof (2018), copper plumbing, and new water heater.
  • Seismic retrofit completed.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $165.4k $31.80
− Vacancy −$13.2k −$2.54
EGI $152.1k $29.26
− OpEx −$68.5k −$13.17
NOI $83.7k $16.09
5,200 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.20M
$1.05M – $1.39M (±1% cap)
NOI $83,672 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M (±1% cap)
NOI $194,884 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Pet Store (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Store & Service Clothing & Fashion Store Skin Care Clinic (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - 7-unit apartment building in Van Nuys with recent upgrades.
Where is this apartment building located?
The property is located at 14109 Erwin St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Excellent unit mix: (1) studio, (4) 1+1 units, (1) 2+2 unit, and (1) 3+2 unit.; New roof (2018), copper plumbing, and new water heater.; Seismic retrofit completed.
Contact an agent
(818) 640-4360 Call to check price and availability
More about this property
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