Six-Unit Multifamily Property in Van
14846 Friar St, Los Angeles, CA 91411
For Sale
Contact for pricing
Six meticulously crafted units with high-end finishes and ample parking.
Property Size7,240 SF
Price / SF$400.55
Days on Market641
Property Features for 14846 Friar St
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
Listed By:
Michael Chang · License CA #01880895
(626) 688-8864
Source:
Crexi
Added: Feb 13, 2025
Changed: Nov 10
Last Checked: Nov 14 at 4:49AM
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 SVN | Rich Investment Real Estate Partners Los Angeles
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Investment Insights
Based on property information with market context.
This six-unit multifamily property is located at 14846 Friar Street in Van Nuys, California, south of the Victory Boulevard and Kester Avenue intersection. The building consists of six residences, each featuring two bedrooms and two bathrooms, averaging over 1,000 square feet. High-end finishes are present, including Samsung refrigerators and dishwashers. The two-story building has three units on each floor. Each unit is allocated two parking spaces. Residents have access to a communal space on the south side of the building, as well as a laundry room equipped with two washers and two dryers. A lift provides accessibility to the first floor for residents and guests. The property is located within an Opportunity Zone, intended to stimulate economic growth and job creation.
Key Highlights
- Six spacious 2‑bedroom, 2‑bathroom units, each over 1,000 sq ft.
- High‑end finishes, including Samsung refrigerators and dishwashers.
- Two parking spaces per unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,497
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,329,940
$2.3M
Cap Rate 7%
$1,664,243
$1.7M
Cap Rate 9%
$1,294,411
$1.3M
Market Conditions
NOI Build-Up for 7,240 SF
Gross rent
$230.2K $31.80/SF
− Vacancy
−$18.4K −$2.54/SF
EGI
$211.8K $29.26/SF
− OpEx
−$95.3K −$13.17/SF
NOI
$116.5K $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%
$2,329,940
Cap Rate 7%
$1,664,243
Cap Rate 9%
$1,294,411
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.46M – $1.94M
NOI $116,497 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.53M
NOI $211,595 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,470
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
$973,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six meticulously crafted units with high-end finishes and ample parking.
Where is this apartment building located?
The property is located at 14846 Friar St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Six spacious 2‑bedroom, 2‑bathroom units, each over 1,000 sq ft.; High‑end finishes, including Samsung refrigerators and dishwashers.; Two parking spaces per unit.
