Van Nuys, CA 91401,14206 Calvert St
Van Nuys, CA 91401,14206 Calvert St
Van Nuys, CA 91401,14206 Calvert St
7
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$1,550,000
Est. payment /mo
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5 Beds
5 Baths
2,462 SqFt
New

14206 Calvert St Van Nuys, CA 91401

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,462 sqft

Price per Sqft $629

MLS Listing ID 25545385

Bedrooms 5

Year Built 1958

Lot Size 6,250 Sqft

Acres 0.1435

Property Sub-Type Multi-Family

Property Description

Located at 14206 Calvert St in Van Nuys, this vacant 5-unit multifamily building presents a rare RTI opportunity for a 9-unit expansion, including conversion of units and the addition of an ADU. Two of the top-floor 1+1 units have already been tastefully upgraded (photos shown), with permits fully pulled for conversion of the remaining three units and the addition of three more (including the ADU). Once complete, the property is projected to achieve a 9.36% Cap Rate.Situated near major transportation corridors and job hubs, and surrounded by rapid development, this property is ideal for investors looking to maximize yield through intelligent repositioning. With all plans RTI and the property delivered vacant, you can start construction immediately and capture rental upside in one of the San Fernando Valley's most active submarkets.Potential ARV (Resale Value) after Upgrades/ADU @ 6% Cap $3,075,000 OR Refi Out Most of Your Capital After Upgrades/ADU$2,080,000

Location

State CA

County Los Angeles

Area East Van Nuys

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall Unit(s)

Equipment Other

Exterior

Parking Features Carport Attached

Garage Spaces 3.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by KW Advisors

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agent

Cassandra Camarillo

Agent | RE.S.0198795.LLC

+1(725) 221-5217

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14206 Calvert St