Four-Unit Multifamily
For Sale
$900,000
14830 Erwin Street Mall, Van Nuys, CA 91401
One residence has been updated, with on-site storage adding a supplemental income component.
Property Size2,464 SF
Price / SF$365.26
Days on Market52
Property Features for 14830 Erwin Street Mall
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Amenities
storage room
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Roderick 'Rick' Raymundo
(213) 943-1855
Source:
Exprealty
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 30 at 3:21PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
This 2,464-square-foot multifamily property contains four residential units, including one updated residence. The remaining units provide room for continued improvements as tenant turnover occurs. An on-site storage room contributes supplemental revenue beyond residential rents.
Partial roof improvements were completed in 2025, and the building has full copper plumbing. The property is near Kester Avenue and Oxnard Street, with access to transportation corridors, employment centers, shopping, restaurants, and neighborhood amenities across the San Fernando Valley.
Partial roof improvements were completed in 2025, and the building has full copper plumbing. The property is near Kester Avenue and Oxnard Street, with access to transportation corridors, employment centers, shopping, restaurants, and neighborhood amenities across the San Fernando Valley.
Key Highlights
- Four residential units within a 2,464‑square‑foot multifamily property
- One unit has been updated
- On‑site storage room provides supplemental revenue
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.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,417
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One residence has been updated, with on-site storage adding a supplemental income component.
Where is this quadplex located?
The property is located at 14830 Erwin Street Mall 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 within a 2,464‑square‑foot multifamily property; One unit has been updated; On‑site storage room provides supplemental revenue
