$1,150,000

14216 Calvert St , Van Nuys, CA 91401

 
Bedrooms:8 beds
Bathrooms:0 baths
(None specified):5,060 sqft
Lot:0.14
Year Built:1957
Listing Status:Active

Listing Agent

Kelly Morgan
http://www.kwsantamonica.com
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We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
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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, currently units 1 & 2 are pro forma rents as the tenants in each unit have both been served their respective 3 day notices and are expected to vacate. 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.

Detailed Items

Other Information

14216 Calvert St, Van Nuys, CA, 91401 is a (none specified) listing of 5,060 sqft on a lot of 0.14. This (none specified) listing has 8 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property14216 Calvert St, Van Nuys, CA
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