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$ 1,550,000
Est. payment | /mo
5 Beds
5 Baths
2,462 SqFt
$ 1,550,000
Est. payment | /mo
5 Beds
5 Baths
2,462 SqFt
Key Details
Property 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
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 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 Vn - Van Nuys
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Attached Carport
Attached Garage Yes
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 • KW Advisors
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Kristine Marquez
Agent | License ID: 02151470