Van Nuys Multifamily Broker

Van Nuys apartment buildings averaged $210,255 per unit and $259 per square foot in 2025, at a 5.7% average cap rate (CoStar). Value turns on rents versus market, condition and RSO status. We price from your rent roll and comps like our sale of 14833 Erwin St for $3,150,000 at a 5.44% cap rate.

Sales jumped from 29 buildings in 2024 to 69 in 2025, the busiest year since 2020, and price per unit rose from $189,313 to $210,255. In H1 2026, Lee & Associates counted 18 Van Nuys sales of 10+ units at $223,625 per unit.

Timing depends on price, financing and how fast you deliver due diligence; escrow typically runs 30 to 60 days. A full campaign usually brings more buyers and a higher price; off-market works when the right buyer is already in hand.

Van Nuys is in the City of LA, so buildings built on or before October 1, 1978 generally fall under the RSO (3% allowed increase from July 1, 2026 to June 30, 2027). Most newer buildings over 15 years old fall under AB 1482: 5% plus CPI, max 10%, or 8.7% in the LA area from August 1, 2026. We confirm RSO status before pricing.

Yes. For City of LA sales closing after June 30, 2026, ULA takes 4% of the full price above $5.4 million and 5.5% at $10.9 million or more, on top of the 0.45% City and 0.11% County transfer taxes. Other costs: the broker commission (negotiated, not set by law), escrow, title and any loan prepayment penalty. We model your net proceeds before you list.

In the City of LA, ED1's fast track for 100% affordable projects became permanent law on December 19, 2025, and CHIP density bonuses took effect in February 2025. We check zoning and lot size so buyers pay for real upside.

Have a current rent roll, a T-12 (trailing 12 months of income and expenses), leases and repair records ready, and fix or disclose deferred maintenance. LA's soft-story program covers wood-frame buildings of 2+ stories and 4+ units with tuck-under parking built under pre-1978 codes; buyers will ask for proof of retrofit.

Buyers include 1031 exchange investors, who must identify within 45 days and close within 180 days (the same IRS deadlines apply if you exchange), and private local owners. David Saghian has closed 4 Van Nuys sales totaling $8,660,000, including 14833 Erwin St and 14759 Friar St, and our team has closed more than $400M in LA sales.