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Multifamily

14237 Calvert St

14237 Calvert St, Van Nuys, CA 91401

Listing Price: $1,450,000

Cap Rate
2.29%
Number of Units
7
GRM
18.73
Occupancy
97.0%
Price/Unit
$207,143
Price/Gross SF
$358.38
Gross SF
4,046

Investment Overview

Marcus & Millichap is pleased to present 14237 Calvert Street, a 7-unit value-add opportunity in Van Nuys, California. Situated on 7,501 square feet of land, the property is located south of Victory Boulevard and east of Van Nuys Boulevard. With the subject property being positioned just over a block away from the new metro rail expected to finish construction in 2027, the value of 14237 Calvert Street will continue to appreciate. The growth of the area and the potential of the market is what makes this a unique value add opportunity. The property is surrounded by numerous employment options, boutique retail and dining, and several new residential developments making way for significant economic growth. The subject property is comprised of seven (7) one bedroom and one bathroom units. Building features include wood frame stucco and carport parking in rear (no soft story). Unit features include spacious layouts, ample closet space and wall air conditioning.

Investment Highlights

  • 7 unit mulit-family investment opportunity (not subject to AB1482)
  • Over 50% rental upside potential
  • Walking distance to retail shopping, dining, public transportation and schools
  • Close proximity to Van Nuys / Sherman Oaks Recreation Area
  • One block aware from the proposed Van Nuys Blvd light rail
  • Ample Parking on-site

Exclusively Listed By

Listing Price: $1,450,000

Cap Rate
2.29%
Number of Units
7
GRM
18.73
Occupancy
97.0%
Price/Unit
$207,143
Price/Gross SF
$358.38
Gross SF
4,046

Investment Highlights

  • 7 unit mulit-family investment opportunity (not subject to AB1482)
  • Over 50% rental upside potential
  • Walking distance to retail shopping, dining, public transportation and schools
  • Close proximity to Van Nuys / Sherman Oaks Recreation Area
  • One block aware from the proposed Van Nuys Blvd light rail
  • Ample Parking on-site

Investment Overview

Marcus & Millichap is pleased to present 14237 Calvert Street, a 7-unit value-add opportunity in Van Nuys, California. Situated on 7,501 square feet of land, the property is located south of Victory Boulevard and east of Van Nuys Boulevard. With the subject property being positioned just over a block away from the new metro rail expected to finish construction in 2027, the value of 14237 Calvert Street will continue to appreciate. The growth of the area and the potential of the market is what makes this a unique value add opportunity. The property is surrounded by numerous employment options, boutique retail and dining, and several new residential developments making way for significant economic growth. The subject property is comprised of seven (7) one bedroom and one bathroom units. Building features include wood frame stucco and carport parking in rear (no soft story). Unit features include spacious layouts, ample closet space and wall air conditioning.

Exclusively Listed By

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