14222 Calvert St | Van Nuys, CA 91401
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- LoopNet Team
14222 Calvert St
Van Nuys, CA 91401
Huge Upside · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Rental Upside of Approx. 93% after conversions
- 9.74 Market GRM | 8.05% Market Cap {includes Rehab costs of ($30K/1+1, $40K/3+2)+est. Soft Story+ADU costs of $112,700}
- Very Walkable | Good Transit | Very Bikeable
- Convert the 1+1's to 2+1's and the 3+2 to a 3+3 | Add an S-ADU while completing the tuck under retrofit to add value and cut costs
- Walking Dostance to the Van Nuys/Victory Blvd Light Rail Station
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 5,046 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Zoning | LAR3 - Residential, Multi-Family Medium-Density | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,046 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | LAR3 - Residential, Multi-Family Medium-Density |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 2240-024-007 | Improvements Assessment | $602,765 |
| Land Assessment | $904,148 | Total Assessment | $1,506,913 |
PROPERTY TAXES
Parcel Number
2240-024-007
Land Assessment
$904,148
Improvements Assessment
$602,765
Total Assessment
$1,506,913
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