14623 Calvert Street presents a well-maintained multifamily asset with significant operational and financial upside. The property has undergone key capital improvements, including a completed earthquake retrofit, a new roof (2019), new rain gutters (2023), and updated electrical panels (2024), reducing near-term maintenance risk. The asset offers a compelling value-add opportunity with over 33% projected rental upside. It is individually metered for all utilities, minimizing landlord expenses to common area electricity only. Located within a Qualified Opportunity Zone, the property may provide attractive tax advantages. Additional upside exists through the potential development of up to three ADUs (buyer to verify).