14216 Calvert Street, Van Nuys, CA 91401

• 8 beds |
• 7 baths |
• 5,060 sqft

Property 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.

Listing Status:

Active

Date Added:

May 29, 2025 at 05:00AM

Listing Office:

Houze Real Estate Management : 323-852-1372

Listing Agent:

Kelly Morgan : 310-836-3638

MLS ID:

25545333

Interior

• Heating: Wall Furnace

Exterior

• Parking: Attached CarportParking spaces: 8

Construction

• General: 2

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR32240024008

Financial

• Source: CRMLS

This listing courtesy of Kelly Morgan, Houze Real Estate Management