$1,550,000

14206 Calvert St Van Nuys, CA 91401

Van Nuys Neighborhood

Estimated payment $10,251/month

Total Views 169
5 Beds
5 Baths
2,462 Sq Ft
$630 Price per Sq Ft

About This Home

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 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.

Last Listed By

Kelly Morgan

KW Advisors License #01898026 Listed on: 05/29/2025

KW Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Interior Spaces

  • 2,462 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • Attached Carport

Additional Features

  • 6,250 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 2240-024-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2462
  • Lot Acreage: 0.1435
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 629.57

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 3

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 501840
  • Assessed Land Percent: 60
  • Assessed Land Value: 752760
  • Total Assessed Value: 1254600
  • Assessor Parcel Number: 2240-024-010
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 7.19
  • Number Of Units: 5
  • Total Annual Expense: 51973
  • Type Of Units: Apartment
  • Vacancy Rate: 100%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $1,550,000 -- $630 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25545385

The MLS

California Los Angeles County Van Nuys 91401 Van Nuys

14206 Calvert St, Van Nuys, CA

This home is located at 14206 Calvert St, Van Nuys, CA 91401 and is currently priced at $1,550,000, approximately $629 per square foot. This property was built in 1958. 14206 Calvert St is a home located in Los Angeles County with nearby schools including Van Nuys Elementary School, Van Nuys High School, and Ararat Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Kelly Morgan
Listing Agent
Kelly Morgan
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KW Advisors
(747) 318-4335