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
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49993854
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 5
Bathroom Information
- Total Baths: 5
- Full Baths: 0
- Half Baths: 0
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Exterior Features
Building Information
- Year Built: 1958
- Building Area Total: 2,462
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1435
- Lot Size Source: Assessor
- Lot Size Square Feet: 6250
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Listing Information
Listing Price Information
- Original List Price: 1,550,000
- Listing Contract Date: 2025-05-29
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 2240024010
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Attached Carport
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: VN - Van Nuys
- Postal Code Plus 4: 3413
- Directions: East of Tyrone Ave, north of G Line Bikeway, south of Delano St, and west of Hazeltine Ave.
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: VN - Van Nuys
Building and Construction
- Property Age: 67
- Year Built Source: Assessor
- Total Square Feet Living: 2462
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 06/09/2025 @ 11:14
- MLS: 25545385
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 5 bedrooms which is for sale, it has 2,462 sqft, 6,250 sized lot, and 0 parking. are nearby neighborhoods.