Located at 14216 Calvert St, this multifamily asset is being offered off-market and confidentially at just $191,667 per unit, boasting a 10.81 GRM and a 5.28% Cap Rate, with approx. 104% upside based on current rents alone — not including the potential value-add of an additional ADU. The property features a favorable unit mix of five (1+1) units and one large (3+2) unit, which the 3+2 is currently vacant. All one-bedroom units are eligible for conversion to two-bedrooms, with plans available from a mirror-image property next door. Currently units 1 & 2 are pro forma rents as the tenants in each unit have both been served their respective 3 day notices and are expected to vacate. There’s also room to add a seventh unit (ADU) in the tuck-under parking area, with a plan to reconfigure parking to maintain compliance. Post-ADU addition, projected performance increases to a 9.01% Cap Rate. Situated in a prime Van Nuys location, just steps from a major transit hub soon to expand into a regional connector via the upcoming East Valley Transit Line, this property is perfectly positioned to benefit from increasing tenant demand, urban transit expansion, and long-term neighborhood growth. Estimated ARV (6% Cap): $2,200,000 Refi Potential After ADU/Upgrades: $1,500,000 Average Annual Cash Return (5-Year): ~28% This is a rare chance to acquire a high-performing property with immediate rental upside, ADU potential, and transit-oriented growth in one of the Valley’s most dynamic rental markets. Contact us today to request the OM or schedule a private tour. **Contact Kelly Morgan Multifamily Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com**