- 1 Bed
- 2 Baths
- 2,462 Sqft
- .14 Acres
14206 Calvert Street
Located at 14206 Calvert St in Van Nuys, this vacant 5-unit multifamily building presents a rare RTI opportunity for a 9-unit expansion, including conversion of units and the addition of an ADU. Two of the top-floor 1+1 units have already been tastefully upgraded (photos shown), with permits fully pulled for conversion of the remaining three units and the addition of three more (including the ADU). Once complete, the property is projected to achieve a 9.36% Cap Rate.Situated near major transportation corridors and job hubs, and surrounded by rapid development, this property is ideal for investors looking to maximize yield through intelligent repositioning. With all plans RTI and the property delivered vacant, you can start construction immediately and capture rental upside in one of the San Fernando Valley's most active submarkets.Potential ARV (Resale Value) after Upgrades/ADU @ 6% Cap $3,075,000 OR Refi Out Most of Your Capital After Upgrades/ADU$2,080,000
Essential Information
- MLS® #25545385
- Price$1,550,000
- Bedrooms1
- Bathrooms2.00
- Square Footage2,462
- Acres0.14
- Year Built1958
- TypeResidential Income
- StatusActive
Community Information
- Address14206 Calvert Street
- AreaVN - Van Nuys
- CityVan Nuys
- CountyLos Angeles
- Zip Code91401
Amenities
- Parking Spaces3
- ParkingAttached Carport
- GaragesAttached Carport
Interior
- # of Stories2
- StoriesTwo
Additional Information
- Date ListedMay 29th, 2025
- Days on Market87
- ZoningLAR3
Listing Details
- AgentKelly Morgan
- OfficeHouze Real Estate Management
Kelly Morgan, Houze Real Estate Management.
Based on information from California Regional Multiple Listing Service, Inc. as of August 24th, 2025 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.