14216 Calvert St Active Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91401
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,060 sqft
Price per Sqft $227
MLS Listing ID 25545333
Bedrooms 8
Year Built 1957
Lot Size 6,250 Sqft
Acres 0.1435
Property Sub-Type Multi-Family
Property Description
*Financial Metrics* - 5.25% Cap Rate, 10.86 GRM, 110% Upside Potential to reach a 9.01% Cap Rate post-ADU addition. *Property Features* - All one bedrooms may be converted into two bedrooms, currently units 1 & 2 are pro forma rents as the tenants in each unit have both been served their respective 3 day notices and are expected to vacate. Plans will be provided.*ADU Potential* - Add one ADU in the tuck-under parking area by restriping parking against the rear wall unlocking additional income and value. *Unit Mix* - 6 total units: 5 (1+1) and 1 (3+2) that is currently vacant. *Location Benefits* - Located less than half a mile from the current Orange Line Transit Stop and future Van Nuys East Valley Rail Line hub a major transit expansion linking the Valley with the greater LA region. *Walk Score* - Very Walkable 78 Walk Score. Most errands can be accomplished on foot. *Owner Occupy* - The spacious 3+2 unit is currently vacant, offering flexibility for owner-users or immediate lease-up for investors.
Location
State CA
County Los Angeles
Area East Van Nuys
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Window Unit(s)
Equipment Other
Exterior
Parking Features Carport Attached
Garage Spaces 8.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard