Seller's Agent in 2025
Kelly Morgan
Houze Real Estate Management
(310) 836-3638
3 in this area
32 Total Sales
14206 Calvert St Van Nuys, CA 91401
5
Beds
--
Bath
2,462
Sq Ft
6,098
Sq Ft Lot Lot
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
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Home Values in the Area
Average Home Value in this Area
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 |
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 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Morgan
Map
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