14216 Calvert St Van Nuys, CA 91401
About This Home
*Financial Metrics* - 5.25% Cap Rate, 10.86 GRM, 110% Upside. Potential to reach a 9.01% Cap Rate post-ADU addition. *Property Features* - All one bedrooms may be converted into two bedrooms. Two units are currently delinquent on rent and have been served 3-Day Notices. Buyer will assume responsibility for any eviction, providing the opportunity to convert and re-rent these units at higher market rates. Plans will be provided. *ADU Potential* - Add one ADU in the tuck-under parking area by restriping parking against the rear wall unlocking additional income and value. *Unit Mix* - 6 total units: 5 (1+1) and 1 (3+2) that is currently vacant. *Location Benefits* - Located less than half a mile from the current Orange Line Transit Stop and future Van Nuys East Valley Rail Line hub a major transit expansion linking the Valley with the greater LA region. *Walk Score* - Very Walkable 78 Walk Score. Most errands can be accomplished on foot. *Owner Occupy* - The spacious 3+2 unit is currently vacant, offering flexibility for owner-users or immediate lease-up for investors.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 6,250 Sq Ft Lot
Interior Spaces
- 5,060 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Parking
- 8 Parking Spaces
- Attached Carport
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 2240-024-008
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 | $26,759 | $2,189,000 | $1,312,984 | $876,016 |
| 2024 | $26,759 | $2,146,080 | $1,287,240 | $858,840 |
| 2023 | $14,631 | $1,135,459 | $536,099 | $599,360 |
| 2022 | $13,977 | $1,113,196 | $525,588 | $587,608 |
| 2021 | $13,790 | $1,091,370 | $515,283 | $576,087 |
| 2019 | $13,405 | $1,059,000 | $500,000 | $559,000 |
| 2018 | $6,725 | $491,403 | $198,142 | $293,261 |
| 2016 | $6,351 | $472,323 | $190,449 | $281,874 |
| 2015 | $6,268 | $465,229 | $187,589 | $277,640 |
| 2014 | $6,325 | $456,117 | $183,915 | $272,202 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $1,150,000 | -- | $227 / Sq Ft |
Source: The MLS
MLS Number: 25545333
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Ask me questions while you tour the home.