14222 Calvert Street

Van Nuys, CA 91401

$1,420,000
Last Sold Price
9
Beds
7
Baths
5,060 Sq. Ft.
$281 / Sq. Ft.
5,060
Sq. Ft.
$281
per Sq. Ft.

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...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.
  1. Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • Keller Williams-Santa Monica

Property Details for 14222 Calvert Street

Zoning
LAR3
Parcel Number
2240024007
Total Units
6.0
Living Area
5060
Source Living Area
Assessor
Area
East Van Nuys
Vacancy Rate
1
Lot Size Area
6250

Location

Listing Courtesy of Keller Williams-Santa Monica, Kelly Morgan, DRE #01898026

Sold By Keller Williams-Santa Monica, Kelly Morgan, DRE #01898026

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LISTING UPDATED: 09/09/2021 04:09 AM

Property Details for 14222 Calvert Street

StatusSold
MLS #20-673064
Days on Market176
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.14 AC / 6,250 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams-Santa Monica, Kelly Morgan, DRE #01898026

Sold By Keller Williams-Santa Monica, Kelly Morgan, DRE #01898026

Add your commute

Building Information for 14222 Calvert Street

Stories1Residences-Year Built1957Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$7,750 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,750

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14222 Calvert Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $96,498
  • Net Operating Income: $62,149.00
  • Gross Income: $99,482
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $14.98
  • Financial Info as Of: 12/23/2020
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 36014
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6250
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 8
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-23-2020
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,169.10
  • Unit Actual Rent: $4,676.40
  • Unit Projected Rent: $8,680.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,150.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,340.90
  • Unit Actual Rent: $1,340.90
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $223,056.00
  • Assessed Improvement Percent: 68.42
  • Assessed Land Value: $102,939.00
  • Assessed Land Percent: 31.58
  • Assessed Total Value: $325,995.00

Property History for 14222 Calvert Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 14222 Calvert Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Van Nuys Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys Senior High School
Public9 to 12

Ararat Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams-Santa Monica, Kelly Morgan, DRE #01898026

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.