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14157 Calvert St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 4.12% Cap Rate Van Nuys, CA 91401
Investment Highlights
- No onsite manager required
- Significant potential upside of 65% to Rents
- Onsite laundry, onsite parking
Executive Summary
JNM Realty proudly presents, on an exclusive basis, 14157 Calvert St, an eight (8) unit apartment community in Van Nuys that has been well maintained and strategically improved.
The property features a unit mix of one (1) studio unit, six (6) two-bed, one-bath units, and one (1) two-bed, two-bath unit, approximately 600,800, and 900 sqft each, respectively. The fully occupied units offer a stable operational foundation with approximately 65% upside to Rents. Recent capital improvements include upgrades to plumbing.
The asset is offered at the second lowest price per unit ($187,500) and price per square foot ($226.83) among sales comps within a one-mile radius since July 2025. This positions the property as one of the most attractively priced opportunities in the submarket.
This opportunity is available alongside 6537-6543 Woodley Ave, Van Nuys, CA as a portfolio or separately.
The property features a unit mix of one (1) studio unit, six (6) two-bed, one-bath units, and one (1) two-bed, two-bath unit, approximately 600,800, and 900 sqft each, respectively. The fully occupied units offer a stable operational foundation with approximately 65% upside to Rents. Recent capital improvements include upgrades to plumbing.
The asset is offered at the second lowest price per unit ($187,500) and price per square foot ($226.83) among sales comps within a one-mile radius since July 2025. This positions the property as one of the most attractively priced opportunities in the submarket.
This opportunity is available alongside 6537-6543 Woodley Ave, Van Nuys, CA as a portfolio or separately.
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.12% | Building Size | 6,613 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.07 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3, Los Angeles | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 4.12% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.07 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,613 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 600 |
| 2+1 | 6 | - | 800 |
| 2+2 | 1 | - | 800 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2240-022-024 | Improvements Assessment | $1,058,178 |
| Land Assessment | $705,452 | Total Assessment | $1,763,630 |
Property Taxes
Parcel Number
2240-022-024
Land Assessment
$705,452
Improvements Assessment
$1,058,178
Total Assessment
$1,763,630
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14157 Calvert St
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