14206 Calvert Street, Van Nuys, CA 91401 - Berkshire Hathaway HomeServices California Properties

14206 Calvert Street, Van Nuys, CA 91401

$1,550,000 Approx. USD 5 beds, 5 baths
2,462 sqft

Listing Agent


Kelly Morgan | Kelly@KellyMorganCommercial.com
Lic#: 01898026
Broker: Courtesy of KW Advisors

Agent Remarks

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

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25545385
Price: $1,550,000
Beds: 5
Baths: 5
Built in 1958
2,462 sqft
2 stories
0.14 acres
Lot size: 0.1435
County: Los Angeles
Zoning: LAR3
Parking description: Attached Carport
MLS area: VN - Van Nuys

Last Updated: 6/19/2025

 Days On Market (DOM): 22

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This listing belongs to the VN - Van Nuys MLS area

Lat/Long: 34.181407, -118.442510.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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