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… Read More 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 Read Less
Courtesy of KW Advisors 310-482-2200
Listing Snapshot
Days Online
38
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,462
Lot Size
0.14 Acres
Year Built
1958
MLS Number
25545385
30 Days Snapshot Of 91401
$1.34M
-8%
(avg) sold price
9
-10%
homes sold
60
+50%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,462 sq ft, Built in 1958, Levels: Two
Cooling
Wall Unit(s)
Disclosures
None
Garage
Carport Attached
Lot
LotAcreage: 0.1435, LotSizeArea: 6,250
Parking
TotalParking: 3
Property
NumberOfUnits: 5, Zoning: LAR3
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