Multifamily Property with ADU
14216 Calvert St, Van Nuys, CA 91401
For Sale
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Multifamily property in Van Nuys with significant upside potential.
Property Size6,250 SF
Price / SF$184
Days on Market536
Property Features for 14216 Calvert St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Units
Listing Agency:
Houze Real Estate Mgmt & Development
Listed By:
Kelly Morgan · License CA #01898026
(310) 836-3638
Source:
Crexi
Added: May 29, 2025
Changed: Nov 6
Last Checked: Nov 14 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houze Real Estate Mgmt & Development
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Investment Insights
Based on property information with market context.
Located at 14216 Calvert St, this multifamily property features a unit mix of five (1+1) units and one (3+2) unit. The 3+2 unit is currently vacant. All one-bedroom units are eligible for conversion to two-bedrooms, with plans available from a mirror-image property next door. There is room to add a seventh unit (ADU) in the tuck-under parking area, with a plan to reconfigure parking to maintain compliance. The property is situated in a prime Van Nuys location, steps from a major transit hub soon to expand into a regional connector via the upcoming East Valley Transit Line. Units 1 & 2 are pro forma rents as the tenants in each unit have both been served their respective 3 day notices and are expected to vacate. The property is positioned to benefit from increasing tenant demand, urban transit expansion, and long-term neighborhood growth. The property size is 6,250 square feet.
Key Highlights
- Significant rental upside potential with immediate increases possible upon tenant turnover.
- Opportunity to add an ADU in the tuck‑under parking area, increasing the Cap Rate to a projected 9.01%.
- Prime Van Nuys location near a major transit hub, benefiting from increasing tenant demand.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,568
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,011,360
$2.0M
Cap Rate 7%
$1,436,686
$1.4M
Cap Rate 9%
$1,117,422
$1.1M
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$198.8K $31.80/SF
− Vacancy
−$15.9K −$2.54/SF
EGI
$182.9K $29.26/SF
− OpEx
−$82.3K −$13.17/SF
NOI
$100.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,011,360
Cap Rate 7%
$1,436,686
Cap Rate 9%
$1,117,422
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,568 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,236 @ 7.0% cap · market cap 20.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,353
Businesses Nearby
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Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Van Nuys, CA
Properties on Market for Apartment buildings in Van Nuys
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Van Nuys with significant upside potential.
Where is this apartment building located?
The property is located at 14216 Calvert St Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Significant rental upside potential with immediate increases possible upon tenant turnover.; Opportunity to add an ADU in the tuck‑under parking area, increasing the Cap Rate to a projected 9.01%.; Prime Van Nuys location near a major transit hub, benefiting from increasing tenant demand.
