14216 Calvert St 6 Unit Apartment Building $1,150,000 ($191,667/Unit) 5.25% Cap Rate Van Nuys, CA 91401

*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 re-striping 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.
Estimated ARV (6% Cap): ~$2,200,000
Refi Potential After ADU/Upgrades: ~$1,500,000
Average Annual Cash Return (5-Year): ~28%
This is a rare chance to acquire a high-performing property with immediate rental upside, ADU potential, and transit-oriented growth in one of the Valley’s most dynamic rental markets.
Contact us today to request the OM or schedule a private tour.
**Contact Kelly Morgan Multifamily Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com**
*Disclaimer:
The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, Alactic Systems, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.