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    14222 Calvert Street

    Van Nuys, CA 91401
    • $1,490,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 20673064
    UPDATED: 67 min ago
    $1,490,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,060
      SQFT
    • $294
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    The building has a beautiful new exterior which means the new owner can achieve higher rents as units turn. One unit has been 100% renovated and converted into a 2+1 unit with new plumbing, new kitchen, bathroom, floors, electrical, cooling and heating system. The 1+1s can all be converted into 2+1s by adding barn doors and the 3+2 may converted in to a 3+3 with in unit washer/dryer allowing the owner to rent the unit by the room. Market rents are based on this conversion. Owner has available unit conversion plans which may be shared. New owner must do tuck under parking. Buyer has the ability to add a 7th unit by converting a portion of the tuck under parking to an ADU thus creating value while completing the tuck under retrofit which gives the property the potential for 93% upside in rents. One unit can be delivered vacant. Please contact us for an OM. Buyer shall be responsible for their own due diligence.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-22T18:30:44.26. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112833026
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    14222 Calvert Street Van Nuys, CA 91401

    • Price: $1,490,000
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 20673064
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,060
    SQFT
    $294
    $/SQFT
    1957
    Built
    County:
    Los Angeles
    Property Description
    The building has a beautiful new exterior which means the new owner can achieve higher rents as units turn. One unit has been 100% renovated and converted into a 2+1 unit with new plumbing, new kitchen, bathroom, floors, electrical, cooling and heating system. The 1+1s can all be converted into 2+1s by adding barn doors and the 3+2 may converted in to a 3+3 with in unit washer/dryer allowing the owner to rent the unit by the room. Market rents are based on this conversion. Owner has available unit conversion plans which may be shared. New owner must do tuck under parking. Buyer has the ability to add a 7th unit by converting a portion of the tuck under parking to an ADU thus creating value while completing the tuck under retrofit which gives the property the potential for 93% upside in rents. One unit can be delivered vacant. Please contact us for an OM. Buyer shall be responsible for their own due diligence.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Property Features

    Country Us Financial Info As Of 2020-12-23 00:00:00 Gross Income 96542.00 Gross Multiplier 15.43 Gross Operating Income 93646.00 Net Operating Income 57632.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 36014.00 Vacancy Allowance Rate 1.00 Zoning Lar3

    Listing provided courtesy of Kelly Morgan of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-22T18:30:44.26. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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