Duplex with Garage Conversion
For Sale
$925,000
14541 Hart St, Van Nuys, CA 91405
Two separate residences provide a 2-bedroom, 2-bath home and a 1-bedroom, 1-bath rear unit.
Property Size1,600 SF
Price / SF$578.13
Days on Market287
Property Features for 14541 Hart St
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
6
Property subtype
MULTI_FAMILY
Zoning
LAR3
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
central air conditioning
granite countertops
ample cabinetry
window air conditioning
storage shed
detached garage
yard
Building Details
Building Size
1,600 SF
Year Built
1938
Listing Agency:
Listed By:
Brian Maser · License #1340306
(310) 795-8010
Source:
Condosalesexperts
Added: Jan 12
Changed: Oct 26
Last Checked: Oct 26 at 1:27PM
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 Brian Maser
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Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex includes two detached residences. The front home has 2 bedrooms, 2 bathrooms, central AC, and a kitchen with granite counters. The rear residence offers 1 bedroom and 1 bathroom, with window AC units. A 120-square-foot storage shed sits between the homes, and a detached garage has approved, paid plans for conversion. The property also includes a yard behind the garage and six parking spaces: four at the front residence and two at the rear. Built in 1938, the property is zoned LAR3.
Shopping, public transportation, and local freeways are accessible from the property.
Shopping, public transportation, and local freeways are accessible from the property.
Key Highlights
- Two detached residences: a 2‑bedroom, 2‑bath front home and a 1‑bedroom, 1‑bath rear unit
- 1,600 square feet; built in 1938
- LAR3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,942
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,840
$558.8K
Cap Rate 7%
$399,171
$399.2K
Cap Rate 9%
$310,467
$310.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$43.2K $27.00/SF
− Vacancy
−$3.3K −$2.05/SF
EGI
$39.9K $24.95/SF
− OpEx
−$12.0K −$7.48/SF
NOI
$27.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,840
Cap Rate 7%
$399,171
Cap Rate 9%
$310,467
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$367.8K
$321.8K – $429.1K
NOI $25,745 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$856.6K
$749.6K – $999.4K
NOI $59,964 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a 2-bedroom, 2-bath home and a 1-bedroom, 1-bath rear unit.
Where is this duplex located?
The property is located at 14541 Hart St Van Nuys, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two detached residences: a 2‑bedroom, 2‑bath front home and a 1‑bedroom, 1‑bath rear unit; 1,600 square feet; built in 1938; LAR3 zoning
