14639 CALVERT Street

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. Read More