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    14222 Calvert St

    Van Nuys, CA 91401
    • $1,490,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 20-673064
    UPDATED: 21 min ago
    $1,490,000
    • 9
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,060
      SQFT
    • $294
      $/SQFT
    Neighborhood:
    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 the Combined LA/Westside Multiple Listing Service as of 2021-03-08T20:42:46.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/112828532
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    14222 Calvert St Van Nuys, CA 91401

    • Price: $1,490,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: 20-673064
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,060
    SQFT
    $294
    $/SQFT
    1957
    Built
    Neighborhood:
    East Van Nuys
    County:
    Los Angeles
    Area:
    East Van Nuys
    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 Area 6250 Other Structures None Parking Garage Covered Parking Total Parking 8

    Interior Features

    Baths Total 7.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 325995 Gross Income 99482 Gross Operating Income 96498 Like Units1 4 Like Units2 1 Like Units3 1 Net Operating Income 62149.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 36014 Type Of Units Apartments Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Kelly Morgan DRE#01898026 of Keller Williams-Santa Monica.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T20:42:46.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377