14206 Calvert Street, Van Nuys (los Angeles), CA 91401

• 2,462 sqft

Property Description

Located at 14206 Calvert St in Van Nuys, this vacant 5-unit multifamily building presents a rare RTI opportunity for a 5-unit expansion to act as 9 units, including conversion of units and the addition of an ADU. Two of the top-floor 1+1 units have already been tastefully upgraded (photos shown), with permits fully pulled for conversion of the remaining three units and the addition of three more (including the ADU). Once complete, the property is projected to achieve a 9.38% Cap Rate. Situated near major transportation corridors and job hubs, and surrounded by rapid development, this property is ideal for investors looking to maximize yield through intelligent repositioning. With all plans RTI and the property delivered vacant, you can start construction immediately and capture rental upside in one of the San Fernando Valley's most active submarkets.Potential ARV (Resale Value) after Upgrades/ADU @ 6% Cap $3,075,000 OR Refi Out Most of Your Capital After Upgrades/ADU$2,080,000

Listing Status:

Active

Date Added:

May 29, 2025

Data Last Updated:

February 15, 2026 at 7:08PM

Listing Office:

Houze Real Estate Management : 323-852-1372

Listing Agent:

Kelly Morgan : 310-836-3638

MLS ID:

CL25545385

Exterior

• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR32240024010

Financial

• Source: CRMLS