Multifamily Property with ADU
14216 Calvert St, Van Nuys, CA 91401
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Multifamily property in Van Nuys with significant upside potential.
Type:Multifamily
Property size:
6,250 SFPrice / SF:
$184/SF- Added:
- May 29, 2025
- Days on Market:
- 348
- Last Refresh:
- Mar 17 at 1:18 pm
Property Features for 14216 Calvert St
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing agent Kelly Morgan License #01898026
Listing office Houze Real Estate Mgmt & Development (310) 836-3638
Listing date May 29, 2025
Source Crexi
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
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.
- Favorable unit mix including a large (3+2) unit, plus five (1+1) units with the potential to convert the one‑bedroom units into two‑bedroom units using existing plans.
- Attractive investment metrics: $191,000 per unit, 10.86 GRM, and a 5.25% Cap Rate, with an estimated ARV (6% Cap) of $2,200,000.
- High average annual cash return (5‑Year) of approximately 28%.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Van Nuys
- County
- Los Angeles
- State
- California
- Longitude
- -118.4427749
- Latitude
- 34.181551
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FAQs
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.
