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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Apartment buildings
14223 Calvert St Van Nuys, CA 91401-3406
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6329761
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
5,116 SF
Lot
0.17 ac (7,401 SF)
Zoning code
LAR3
APN
2240-021-028
UPID
US09-6329761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Khayat,zaim A Trust · 7 yrs held
Khayat,zaim A Trust
since 2019
7 recorded transactions
Zoning & alternative use
LAR3 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Van Nuys submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Nuys submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,170,000
Current use
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,476
Tax year 2024
Assessed value
$1,119,968
Assessed 2024
Previous assessed
$1,119,968
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$506,200
Assessed improvement
$613,768
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
5
Bathrooms
9
Total area
5,116 SF
Lot
0.17 ac (7,401 SF)
Zoning code
LAR3
APN
2240-021-028
UPID
US09-6329761
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Van Nuys, CA
Zoning LAR3 · permitted uses
LAR3 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Nuys. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
9
Lot
0.17 ac
Current owner
From public records · entity-resolved
Khayat,zaim A Trust
Trust
Mailing address
58 OAK VW CT, SIMI VALLEY, CA 93065-8226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
Zaim A Khayat
—
Deed
related
$1,120,000 · Jpmorgan Chase Bank NA
Jan 24, 2019
—
Khayat,zaim A Trust
Khayat,zaim & Rosine
Quit Claim Deed
related
—
Jul 3, 2018
—
Khayat,zaim A Trust
Khayat,zaim & Rosine
Quit Claim Deed
related
—
Feb 8, 2017
—
Khayat Zaim
—
Deed
related
$750,000 · Jpmorgan Chase Bank NA
Mar 25, 2010
$885,000
Khayat Zaim
Gikor Hartoonian
Grant Deed
$500,000 · Wells Fargo Bank NA
Jul 17, 2008
—
Grikor Hartoonian
Hartoonian,grikor
Quit Claim Deed
related
$680,000 · Universal Bank
Nov 29, 2007
$120,000
Ghouliance O 2001 Living Trust
Gekchyan,angela
Grant Deed
—
Aug 22, 2007
—
Grikor Hartoonian
Hartoonian,grikor
Quit Claim Deed
related
—
Jul 12, 2005
$820,000
Grikor Hartoonian
Castellano,michael A & Toni L
Grant Deed
$582,000 · Universal Bank
Feb 23, 2000
$500
Michael A Castellano
Curran,joseph
Grant Deed
related
—
Mar 10, 1999
$295,000
Joseph P Curran
—
Grant Deed
related
—
Jul 20, 1998
$295,000
Joseph P Curran
Castellano,michael A & Toni L
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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