6
See all 6 photos
$1,150,000
Est. payment /mo
8 Beds
7 Baths
5,060 SqFt
New
14216 Calvert ST Van Nuys, CA 91401
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Key Details
Property 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
HOA Y/N No
Year Built 1957
Lot Size 6,250 Sqft
Property Description
*Financial Metrics* - 8.97% Cap Rate, 7.54 GRM, 46% Upside Potential to reach a 9.16% Cap Rate post-ADU addition. *Property Features* - All one bedrooms may be converted into two bedrooms. 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. Contact us today to request the OM or schedule a private tour.**Contact Kelly Morgan Multifamily Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com***Disclaimer:The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, Alactic Systems, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Attached Carport
Attached Garage Yes
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2240024008
Special Listing Condition Standard
Listed by Kelly Morgan • KW Advisors