4-Unit Multifamily
New
For Sale
$900,000
14830 Erwin St, Van Nuys, CA 91411
One residence has been updated, and an on-site storage room provides an additional income source.
Property Size2,464 SF
Days on Market4
Property Features for 14830 Erwin St
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Amenities
Full Copper Plumbing, Recently Upgraded Roof
Blocks from Sherman Oaks, Near Costco Wholesale and Target
Outstanding Opportunity to Add Value — Current Rents Approximately 74% Below Market
Supplemental Income Provided via On-Site Laundry Room and Storage Area
Detached Carports Provide Potential ADU Options (Buyer to Verify)
Convenient Access to 405 and 101 Freeways
Walking Distance to Orange Line Busway
Building Details
Building Size
2,464 SF
Units
4
Listed By:
Ben Savoy · License #License(s): CA: 02185544
(213) 943-1815
Source:
Marcusmillichap
Added: Oct 28
Last Checked: Oct 30 at 10:31AM
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 Ben Savoy
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Investment Insights
Based on property information with market context.
This four-unit residential property includes one updated unit and an on-site storage room that generates supplemental income. Building improvements include partial roof work completed in 2025 and full copper plumbing.
The property is in Van Nuys, within the San Fernando Valley, near Kester Avenue and Oxnard Street. Its location provides access to transportation corridors, employment centers, shopping, restaurants, and neighborhood amenities throughout the valley.
The property is in Van Nuys, within the San Fernando Valley, near Kester Avenue and Oxnard Street. Its location provides access to transportation corridors, employment centers, shopping, restaurants, and neighborhood amenities throughout the valley.
Key Highlights
- Four residential units, including one updated unit
- On‑site storage room generates additional income
- Partial roof improvements completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,030
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,600
$860.6K
Cap Rate 7%
$614,714
$614.7K
Cap Rate 9%
$478,111
$478.1K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$66.5K $27.00/SF
− Vacancy
−$5.1K −$2.05/SF
EGI
$61.5K $24.95/SF
− OpEx
−$18.4K −$7.48/SF
NOI
$43.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,600
Cap Rate 7%
$614,714
Cap Rate 9%
$478,111
Alternative Uses
Best Use
Multifamily LT 5
$614.7K
$537.9K – $717.2K
NOI $43,030 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$566.4K
$495.6K – $660.8K
NOI $39,648 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,345 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,001
Businesses Nearby
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Business Placement
Demographics for 91411, CA
24,984
Population
10,003
Households
2.5
Avg Household Size
36
Median Age
37%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
12,492
Density / Sq Mi
$77,582
Median Household Income
$42,096
Median Earnings
$1,850
Median Rent
$973,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One residence has been updated, and an on-site storage room provides an additional income source.
Where is this quadplex located?
The property is located at 14830 Erwin St Van Nuys, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four residential units, including one updated unit; On‑site storage room generates additional income; Partial roof improvements completed in 2025
