14216 Calvert Street, Van Nuys, CA 91401

  • $1,150,000
14216 Calvert Street, Van Nuys, CA 91401
Active
14216 Calvert Street, Van Nuys, CA 91401
14216 Calvert Street, Van Nuys, CA 91401
  • $1,150,000

Description

*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.

  • Address 14216 Calvert Street
  • City Van Nuys
  • State/county CA
  • Zip/Postal Code 91401
  • Country US

Details

Updated on August 14, 2025 at 6:54 pm
  • Property ID: 25545333
  • Price: $1,150,000
  • Property Size: 5060
  • Land Area: 0.1435 Acres
  • Bedrooms: 8
  • Bathrooms: 7
  • Garage Size: x x
  • Year Built: 1957
  • Property Type: Residential Income
  • Property Status: Active

Contact Information

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  • Hoyt Hochman