18529 Calvert Street

    Tarzana, CA 91335
    • $10,250,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: 19433112
    $10,250,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,919
      SQFT
    • $447
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    We are proud to present 24 brand new construction units located at 18529 Calvert Street in Tarzana, California. Built in 2018, this non-rent control offering consists of 10- 1 bedroom/1 bathroom and 14- 2 bedroom/2 bathroom units. The property features central air and heat, stainless steel kitchen appliances, in-suite washers and dryers, gated parking, electric vehicle plug-ins and is separately metered for water, gas and electric.Located in the heart of the San Fernando Valley, Calvert Place offers proximity to outdoor recreation, schools, major employment hubs, ease of access to freeways and transportation (5 minute walk to the Orange Line). Further, The City of Tarzana includes a 2-mile stretch of Ventura Boulevard that contains The Tarzana Square Shopping Center and world class dining & entertainment all within a short 5 minute drive. In a dense central location, this submarket offers a excellent 97% apartment occupancy rate and limited new construction supply.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/91732745

    18529 Calvert Street Tarzana, CA 91335

    • Price: $10,250,000
    • Status: Active
    • ID#: 19433112
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    22,919
    SQFT
    $447
    $/SQFT
    2018
    Built
    Neighborhood:
    TAR - Tarzana
    County:
    Los Angeles
    Area:
    TAR - Tarzana
    Property Description
    We are proud to present 24 brand new construction units located at 18529 Calvert Street in Tarzana, California. Built in 2018, this non-rent control offering consists of 10- 1 bedroom/1 bathroom and 14- 2 bedroom/2 bathroom units. The property features central air and heat, stainless steel kitchen appliances, in-suite washers and dryers, gated parking, electric vehicle plug-ins and is separately metered for water, gas and electric.Located in the heart of the San Fernando Valley, Calvert Place offers proximity to outdoor recreation, schools, major employment hubs, ease of access to freeways and transportation (5 minute walk to the Orange Line). Further, The City of Tarzana includes a 2-mile stretch of Ventura Boulevard that contains The Tarzana Square Shopping Center and world class dining & entertainment all within a short 5 minute drive. In a dense central location, this submarket offers a excellent 97% apartment occupancy rate and limited new construction supply.
    Exterior Features

    Lot Size Dimensions A0.38 Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 4.28 Gross Multiplier 16.40 Gross Operating Income 625068.00 Improvements Amount 0 Land Value 791127 Laundry YN Yes Net Operating Income 438957.00 Special Listing Conditions Standard Total Expenses 176899.00 Zoning Lar3

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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