Four-Unit Multifamily
New
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 Market7
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: Sep 15
Last Checked: Sep 15 at 2:24PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
