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18529 CALVERT Street, Tarzana, CA 91335

Property Details

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18529 CALVERT Street
Tarzana, CA 91335

For Sale: $10,250,000

Property Type: Commercial Apartments
MLS#: 19433112

  • Building Size: 22919 SF
  • Lot Size: 16552 SF
  • Number of Units: 24
  • Number of Stories: 3
  • Year Built: 2018
  • Days on market: 43
  • Cap Rate: 4.28
  • Net Operating Income: $438,957
  • Gross Scheduled Income: $625,068
  • Rent Control: No
  • GRM: 16.40
  • Contact Listing Agent Direct:
  • Filip Niculete, Marcus & Millichap

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.

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18529 CALVERT Street, Tarzana, CA 91335

Based on information from California Regional Multiple Listing Service, Inc. as of February 26, 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Filip Niculete, Marcus & Millichap

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