14161 Friar St Immeuble residentiel 6 lots 2 063 740 € (343 957 €/Lot) Taux de capitalisation 5,43 % Van Nuys, CA 91401

CBRE, Inc., as exclusive advisor, is proud to present a compelling investment opportunity to acquire a 6-unit Multifamily Property in the High Demand Van Nuys Market within Los Angeles’s San Fernando Valley.
Strategically positioned bordering the highly sought-after Valley Glen area, 14161 Friar Street offers investors a foothold in a location with significant rental upside. Situated just south of the major thoroughfare of Victory Boulevard and west of Hazeltine Avenue, the property benefits from excellent access to a wide array of amenities, transportation options, and the ongoing growth and revitalization of the surrounding Van Nuys and Valley Glen areas. This offering represents a unique chance to acquire a well-located asset with significant potential in a thriving Los Angeles submarket.
Presenting a unique blend of classic charm and contemporary style, the meticulously built two-story property offers a desirable unit mix of four one-bedroom/one-bathroom and two spacious three-bedroom/ two-bathroom residences. Showcasing a mix of extensive renovation and new construction, the unit interiors feature central AC and new technology heating, and wood flooring. Kitchens are equipped with modern appliances, stylish tile backsplashes, quartz counters, and storage. Additional features include recessed lighting, base moldings, ample natural lighting, new bathroom vanities, new tubs/showers, and new windows. Select units offer private balconies. The property’s exterior has also undergone significant improvements, including newly paved asphalt for ample on-site parking, well-maintained low-maintenance landscaping, and fresh exterior paint. Practical updates include new gutters for effective rainwater management and new utility meters. The pitched composite roofing adds durability and a clean, updated look to the building’s profile.
Van Nuys benefits from a dynamic and well-diversified economy, underpinned by significant employment hubs across technology, logistics (including major distribution centers), the entertainment industry, a robust healthcare sector, and prominent educational institutions like California State University, Northridge (CSUN). This broad and stable employment base acts as a consistent magnet for a strong and diverse workforce. The resulting influx of professionals and students fuels persistent demand for rental housing throughout Van Nuys and the surrounding San Fernando Valley, creating a favorable environment for multifamily property investment with the potential for sustained occupancy and rental growth.
14161 Friar Street is an income-producing asset in San Fernando Valley promising a strong return on investment. Currently, the newly constructed units are intentionally being held vacant giving a new investor the opportunity to fill the units with their own personally selected tenants. Once filled, the property could produce an additional $9,000 per month. In addition to the other 3 renovated units, the property is projected to produce ±$14,740 per month. At full occupancy, the property boasts a favorable 5.43% CAP Rate.
Whether you’re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.