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Jeffrey Bullock

[email protected]

$ 1,699,000

Est. payment -/mo

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Active

14206 Calvert ST Van Nuys, CA 91401

5 Beds

5 Baths

2,462 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,462 sqft

Price per Sqft $690

MLS Listing ID 25545385

Bedrooms 5

HOA Y/N No

Year Built 1958

Lot Size 6,250 Sqft

Property Description

Located at 14206 Calvert St in Van Nuys, this vacant 5-unit multifamily building presents a rare RTI opportunity for a 5-unit expansion to act as 9 units, 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 9.38% 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 Vn - Van Nuys

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Attached Carport

Total Parking Spaces 3

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2240024010

Special Listing Condition Standard

Listed by Kelly Morgan Houze Real Estate Management

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Ararat Charter

Public | KG - 5
9

Dixie Canyon Community Charter

Public | KG - 5
8

Hesby Oaks Leadership Charter

Public | KG - 8
8

Kester Elementary / Magnet

Public | PK - 5
8

Sherman Oaks Elementary Charter

Public | KG - 5
8

Chandler Learning Academy

Public | KG - 5
7

Ivy Bound Academy of Math, Science, and Technology

Public | 5 - 8
7

Valor Academy Charter

Public | 5 - 8
6

Riverside Drive Charter

Public | KG - 5
6

Monlux Elementary School

Public | KG - 5
5

Cohasset Elementary School

Public | KG - 5
5

Noble Avenue Elementary

Public | KG - 5
5

Ranchito Avenue Elementary School

Public | KG - 5
5

Kittridge Street Elementary

Public | PK - 5
5

Erwin Elementary

Public | KG - 5
5

Coldwater Canyon Elementary School

Public | KG - 5
5

Strathern Elementary School

Public | PK - 5
5

Burbank Boulevard Elementary

Public | PK - 5
4

Valerio Elementary School

Public | PK - 5
4

Michelle Obama Elementary

Public | KG - 5

Middle Schools 10

6

Millikan Middle School

Public | 6 - 8
5

Madison Middle School

Public | 6 - 8
4

Robert Fulton College Prep

Public | 6 - 12
4

Richard E. Byrd Middle School

Public | 6 - 8
2

Vista Middle School

Public | 6 - 8
1

Van Nuys Middle School

Public | 6 - 8
0

Los Angeles Hebrew High School

Private | 7 - 12
0

Options for Youth-Hermosa Beach, Inc.

Public | 7 - 12
0

Harvard-Westlake School

Private | 7 - 12
0

Emerson Academy

Private | 6 - 12

High Schools 17

7

Van Nuys Senior High School

Public | 9 - 12
6

CHAMPS - Charter High School of the Arts - Multimedia and Performing

Public | 9 - 12
6

Ulysses Grant High School

Public | 9 - 12
5

Valor Academy Charter High School

Public | 9 - 12
4

Francis Polytechnic Senior High School

Public | 9 - 12
2

Jack London Community Day

Public | 9 - 12
1

Panorama High School

Public | 9 - 12
0

Will Rogers Continuation

Public | 9 - 12
0

Cal Burke High School

Public | 9 - 12
0

St Genevieve High School

Private | 9 - 12
0

Notre Dame High School

Private | 9 - 12
0

Academy of Amherst Jr-Sr High School

Private | 10 - 12
0

Jack London Continuation

Public | 9 - 12
0

Coldwater Canyon Preparatory

Private | 9 - 12
0

Valley Torah High School

Private | 9 - 12
0

Valley Torah

Private | 9 - 12
0

Robert H. Lewis Continuation

Public | 9 - 12

School and business data provided by Attom Data.

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