$1,800,000
$1,850,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Jason Tuvia • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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