14211 Calvert Street, Van Nuys, CA 91401

$775,000 Approx. USD 0 beds, 0 baths
2,210 sqft

Agent Remarks

Great owner/user or investor opportunity in Van Nuys. Steps to the court houses, this triplex currently has a vacant 2-bedroom unit that would be ideal for an owner/user, or could be rented at full market rates. A total of three units (1 bed, 2 bed, 2 bed) and all have one bathroom each. Units have wood or laminate floors and the building was completely refurbished in 2007 which minimizes deferred maintenance. Zoned R3 so there is development potential as well. Rent now and build the future. Many possibilities with this cash cow. There is a detached three-car garage which can bring in extra income. Expenses are minimal as tenants pay for gas and power. Landlord only pays for water, property taxes, gardner, and insurance. Added bonus, the property does have water sub-meters installed, so a savvy owner could eliminate water expense too. Current income is listed in setup. With market rents, this property could generate $52,800 and have a CAP rate of 4.9% (buyer to verify).

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# SR16181118
List price is $775,000
Beds: 0
Baths: 0
Built in 1951
2,210 sqft
1 Story stories
0.17 acres
County: Los Angeles
Zoning: LAR3
Parking type: Garage
Exterior features: Stucco,Wood
Lot description: Lot-Level/Flat,Curbs,Lot Shape-Rectangular,Sidewalks
Heating description: Wall Heater
MLS area: Van Nuys (VN)

Last Updated: 8/21/2016

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This listing belongs to the Van Nuys (VN) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.181950, -118.442673.
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Broker: Courtesy of Rodeo Realty
Listing Agent: Todd Jones

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