14206 Calvert St Van Nuys, CA 91401
Estimated payment $10,153/month
About This Home
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
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,855 | $1,279,691 | $767,815 | $511,876 |
| 2024 | $15,855 | $1,254,600 | $752,760 | $501,840 |
| 2023 | $10,744 | $828,808 | $536,099 | $292,709 |
| 2022 | $10,267 | $812,558 | $525,588 | $286,970 |
| 2021 | $10,140 | $796,627 | $515,283 | $281,344 |
| 2019 | $9,913 | $773,000 | $500,000 | $273,000 |
| 2018 | $4,306 | $302,778 | $90,826 | $211,952 |
| 2016 | $4,066 | $291,023 | $87,300 | $203,723 |
| 2015 | $4,015 | $286,652 | $85,989 | $200,663 |
| 2014 | $4,060 | $281,038 | $84,305 | $196,733 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/31/2025 12/31/25 | For Sale | $1,699,000 | 0.0% | $690 / Sq Ft |
| 11/05/2025 11/05/25 | Off Market | $1,699,000 | -- | -- |
| 10/31/2025 10/31/25 | Price Changed | $1,699,000 | +9.6% | $690 / Sq Ft |
| 05/29/2025 05/29/25 | For Sale | $1,550,000 | -- | $630 / Sq Ft |
Source: The MLS
MLS Number: 25545385
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