Van Nuys, CA 91411,14639 CALVERT ST
Van Nuys, CA 91411,14639 CALVERT ST
Van Nuys, CA 91411,14639 CALVERT ST
Van Nuys, CA 91411,14639 CALVERT ST
Van Nuys, CA 91411,14639 CALVERT ST
Van Nuys, CA 91411,14639 CALVERT ST
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$1,800,000

$1,850,000

2.7%
Est.Price: ?

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Est. payment /mo

7,501 Sqft Lot


SOLD DATE : 07/07/2022

Key Details

Sold Price $1,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 22148539

Sold Date 07/07/22

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1957

Lot Size 7,501 Sqft

Property Description

We are pleased to present a ten (10) unit apartment building located at 14639 Calvert Street in Van Nuys, California. The subject property is situated in a growing Van Nuys location, north of Oxnard Street and west of Van Nuys Boulevard. Built in 1957, this property contains a great unit mix of eight (8) one bedroom / one bathroom units and two (2) two bedroom / one bathroom units. The property is well-maintained, situated in an opportunity zone, generates ample laundry income, and is well parked (soft story retrofit required). Units feature copper plumbing, new floors, cabinets, sinks, faucets, and retiled showers. Right across the street, a motion from 2022 acknowledges the Van Nuys Civic Center is slated to become one of the Valley's key transportation nodes, with the G Line busway's existing stop expected to also serve as the future terminus of a light rail line running along Van Nuys Boulevard. The area is growing rapidly due to high employment density with 4,449 employees per square mile. Residents will enjoy being within walking distance to great retail, restaurant, and entertainment amenities such as Costco Wholesale, Oxnard Coffee Shop, MacLeod Ale Brewing Co., Farm Table Co., Iceland Ice Skating Center, and Break Room LA. Less than a mile away, tenants can also enjoy outdoor recreation at Delano Park, right next to the Costco Wholesale. All tenants are current on payments. Situated in a growing Van Nuys location, this offering presents an excellent opportunity for any investor to add value and capitalize on over 70% rental upside potential in one of the most populous submarkets of Los Angeles.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Garage Covered, Uncovered

Pool None

Community Features Gated

Total Parking Spaces 10

Private Pool No

Building

Lot Description No Landscaping

Story 2

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2241019017

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jason Tuvia • Marcus & Millichap
Bought with Jason Tuvia • Marcus & Millichap
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