Newer Construction Multifamily
For Sale
$2,750,000
14317 Friar Street, Van Nuys, CA 91401
A 2007-built multifamily property with central HVAC, in-unit laundry hookups, and gated parking.
Property Size8,605 SF
Price / SF$319.58
Days on Market234
Property Features for 14317 Friar Street
General Information
Standard status
Active
Size
8,605 SF
Property subtype
Multi-family
Amenities
contemporary layouts
wood-style flooring
central HVAC
in-unit laundry hookups
ample natural light
gated parking
Building Details
Year Built
2007
Listing Agency:
Sperry Van Ness
Listed By:
Daniel Baird · License #01249675
(310) 904-8645
Source:
Sevengables
Added: Mar 12
Changed: Oct 28
Last Checked: Oct 30 at 7:07PM
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 Sperry Van Ness
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Investment Insights
Based on property information with market context.
Built in 2007, this multifamily apartment property offers spacious units with contemporary layouts and wood-style flooring. Each unit includes central HVAC and in-unit laundry hookups, with ample natural light throughout. The building also features gated parking.
The property is located at 14317 Friar Street in Van Nuys, CA 91401, with convenience to shopping, restaurants, transit, and major commuter routes.
The current offering is described as not being subject to the City of Los Angeles Rent Stabilization Ordinance, though the buyer is advised to verify. This configuration may provide additional operational flexibility for a buyer evaluating an investment acquisition.
The property is located at 14317 Friar Street in Van Nuys, CA 91401, with convenience to shopping, restaurants, transit, and major commuter routes.
The current offering is described as not being subject to the City of Los Angeles Rent Stabilization Ordinance, though the buyer is advised to verify. This configuration may provide additional operational flexibility for a buyer evaluating an investment acquisition.
Key Highlights
- 2007‑built multifamily property with central HVAC throughout
- Units include in‑unit laundry hookup(s)
- Wood‑style flooring and contemporary layouts in spacious units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,461
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,769,220
$2.8M
Cap Rate 7%
$1,978,014
$2.0M
Cap Rate 9%
$1,538,456
$1.5M
Market Conditions
NOI Build-Up for 8,605 SF
Gross rent
$273.6K $31.80/SF
− Vacancy
−$21.9K −$2.54/SF
EGI
$251.7K $29.26/SF
− OpEx
−$113.3K −$13.17/SF
NOI
$138.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,769,220
Cap Rate 7%
$1,978,014
Cap Rate 9%
$1,538,456
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,461 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.03M – $5.37M
NOI $322,496 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,774
Businesses Nearby
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Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 2007-built multifamily property with central HVAC, in-unit laundry hookups, and gated parking.
Where is this apartment building located?
The property is located at 14317 Friar Street Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 2007‑built multifamily property with central HVAC throughout; Units include in‑unit laundry hookup(s); Wood‑style flooring and contemporary layouts in spacious units
