14318 CALVERT STREETVan Nuys, CA 91401
FOR SALE: $4,485,000
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PROPERTY PHOTO
14318 CALVERT STREET
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Side Parking Lot Also Available
P R E S E N T E D B Y
Einar RodenLos Angeles Office
Tel: (213) 943-1866
Fax: (213) 943-1810
License: CA 01187703
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14318 CALVERT STREET
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INVESTMENT
OVERVIEW
PROPERTY PHOTO
14318 CALVERT STREET
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14318 CALVERT STREET
OFFERING SUMMARY
▪ Premium Van Nuys Location Near City Hall, Police and Fire Stations
▪ Seller Financing is Available
▪ Vacant 16,310 Square Foot Warehouse on 0.49 Acres
▪ Adjacent Parking Lot for 20 Cars is also Available for Purchase (0.12 Acres)
▪ Qualified Opportunity Zone, TOC Tier 2, Dense Population
▪ Easy Access to 101, 170, and 405 Freeways
▪ Walking Distance to Metrolink Rail Station and Orange Line Bus Station
▪ Two-Sided Pole Signage on Calvert Street
INVESTMENT HIGHLIGHTS
Marcus & Millichap is pleased to present 14318 Calvert Street, Van Nuys CA. Seller financing is available with a significant down payment. This versatile industrial
warehouse is currently being utilized as an Ice Skating Rink and features approximately 16,310 square feet of building area on 0.49 acres zoned CM-1VL. The property can
be delivered vacant and it is located within walking distance to Van Nuys City Hall, Courthouses, Police and Fire Stations, and City Administrative Offices. There is
convenient access to the 101, 170, and 405 freeways, and public transportation services including the Metrolink Rail Station and the Orange Line Bus Station.
14318 Calvert Street is within a Qualified Opportunity Zone (buyer to verify), and is eligible for TOC Tier 2 incentives. A developer can take advantage of these benefits by
renovating or redeveloping the site. This warehouse is ideal for an owner-user and provides large clear span area and 14 foot ceiling height. The floor plan is readily
adaptable for manufacturing, assembling, packaging, and operating machinery. There is one drive-in door (8 feet x 10 feet) and heavy power: 400a/120-480v, 3p. Parking
areas accommodate approximately 15 vehicles and the adjacent 0.12 acre parcel is available for separate purchase and provides 20 additional parking spaces. A highly
visible pole sign stands along Calvert Street.
INVESTMENT OVERVIEW
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Offer Price: $4,485,000
14318 CALVERT STREET
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PROPERTY SUMMARY
OFFERING SUMMARY
THE OFFERING
Price $4,485,000
Property Address 14318 Calvert Street, Van Nuys, CA
Assessors Parcel Number 2240-009-009
Zoning CM-1VL
SITE DESCRIPTION
Number of Floors 1
Year Built/Renovated 1950
Rentable Square Feet 16,310
Ownership Fee Simple
Parcel Size 0.49 acre(s)
Parking 15 Spaces
Parking Ratio 0.92/1,000 SF
Topography Flat
Intersection/Cross Street Van Nuys Boulevard and Calvert Street
CONSTRUCTION
Foundation Concrete Slab
Exterior Reinforced Concrete
Parking Surface Asphalt
Ceiling Height 14'
Roll-Up Doors One 8' x 10' Drive-In
Column Spacing Large Clear Span Area with no Impeding Beams
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MECHANICAL
Power 400 Amps/120-480 Volts, 3-Phase
PROPERTY PHOTO
14318 CALVERT STREET
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0.12 Acre Side Lot Also Available
REGIONAL MAP
14318 CALVERT STREET
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LOCAL MAP
14318 CALVERT STREET
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AERIAL PHOTO
14318 CALVERT STREET
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PROPERTY PHOTO
14318 CALVERT STREET
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Approximately
16,310 Square Feet
0.49 Acres
CM-1VL Zoning
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14318 CALVERT STREET
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PROPERTY PHOTO
14318 CALVERT STREET
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FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
14318 CALVERT STREET
PRICING DETAIL
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VITAL DATA
CURRENT PRO FORMA
Price $4,485,000 Net Operating Income $0 $0
Down Payment100% /
$4,485,000Total Return 0.00% / $0 0.00% / $0
Loan Type All Cash
Rentable SF 16,310
Price/SF $274.98
Current Occupancy 0%
Year Built 1950
Lot Size 0.49 acre(s)
14318 CALVERT STREET
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MARKET
COMPARABLES
14318 CALVERT STREET
SALES COMPARABLES MAP
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14318 CALVERT STREET
(SUBJECT)
14243 Bessemer Street
14122 Aetna Street
14520 Delano Street
14641-14649 Aetna Street
14701 Calvert Street
SALES COMPARABLES
ON MARKET COMPARABLES
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PROPERTY NAME14318 CALVERT STREET
SALES COMPARABLES
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SALES COMPARABLES
Avg. $259.44
Avg. $307.28
$0.00
$40.00
$80.00
$120.00
$160.00
$200.00
$240.00
$280.00
$320.00
$360.00
$400.00
14308-14318CalvertStreet
14243Bessemer
Street
14122 AetnaStreet
14520DelanoStreet
14641-14649AetnaStreet
14701CalvertStreet
Average Price Per Square Foot
SALES COMPARABLES
ON MARKET COMPARABLES
SALES COMPS AVG
ON MARKET COMPS AVG
14318 Calvert Street, Van Nuys CAPrice: $4,485,000 ($274.98 / Square Foot)
PROPERTY NAME
MARKETING TEAM
14318 CALVERT STREET
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
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SALES COMPARABLES ON MARKET COMPARABLES
Asking Price $4,485,000
Price/SF $274.98
Year Built 1950
Occupancy 0%
Parking Ratio 0.92/1,000 SF
Power 400A/120-480V/3P
Clear Height 14'
14318 CALVERT STREET14318 Calvert Street, Van Nuys, CA, 91401
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Close of Escrow 2/13/2018
Sales Price $2,753,141
Rentable SF 14,299
Price/SF $192.54
Year Built 1940
Occupancy 100%
Parking Ratio 1.00
NOTES
This was a sale -leaseback by the seller (Artic Glacier). Lot is 1.01 Acres.
This was one of six properties sold together as a portfolio for $41,250,000,
or $192/sf.
14243 BESSEMER STREET14243 Bessemer Street, Van Nuys, CA, 91401
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Close of Escrow 12/6/2018
Sales Price $3,540,000
Rentable SF 12,387
Price/SF $285.78
Year Built 1959
Occupancy 100%
Parking Ratio 1.21/1,000 SF
Power 400a/230v 3w
Clear Height 14'
Percentage of Office 21.00%
NOTES
0.45 Acre Lot. Buyer confirmed sale price, date sold, size of building, 90
day escrow and part of a 1031 exchange and the property was occupied at
time of sale.
14122 AETNA STREET14122 Aetna Street, Van Nuys, CA, 91411
PROPERTY NAME
MARKETING TEAM
14318 CALVERT STREET
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES ON MARKET COMPARABLES
NOTES
This was a bankruptcy sale that was vacant at time of sale, therefore, there
is no cap rate or income to report. The new owner plans to rehab and put
onto the market.
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Close of Escrow 2/12/2020
Sales Price $1,500,000
Rentable SF 5,000
Price/SF $300.00
Year Built 1929
Parking Ratio 1.00/1,000 SF
Clear Height 14'
14520 DELANO STREET14520 Delano Street, Van Nuys, CA, 91411
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On Market
List Price $4,100,000
Rentable SF 13,026
Price/SF $314.76
Year Built 1969
Parking Ratio 3.50/1,000 SF
NOTES
Each free-standing building has 5 tenants. All units have a 10 x 10 pivot
door with generous ceiling height ranging from 15 to 17 feet. Currently, half
of all the units are being leased out to music related businesses.
14641-14649 AETNA STREET14641-14649 Aetna Street, Van Nuys, CA, 91411
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On Market
List Price $1,499,000
Rentable SF 5,000
Price/SF $299.80
Year Built 1956
NOTES
Seven offices and a warehouse. 3,600 SF office and warehouse space plus
1,400 SF of indoor parking. The property is within walking distance to Van
Nuys Courthouse, Department of Building and Safety, and more. The
property will be delivered vacant.
14701 CALVERT STREET14701 Calvert Street, Van Nuys, CA, 91411
14318 CALVERT STREET
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MARKET
OVERVIEW
PROPERTY PHOTO
14318 CALVERT STREET
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PROPERTY NAME
MARKETING TEAM
14318 CALVERT STREET
DEMOGRAPHICS
Source: © 2019 Experian
Created on April 2020
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2024 Projection
Total Population 48,538 316,318 737,839
▪ 2019 Estimate
Total Population 46,815 306,986 718,470
▪ 2010 Census
Total Population 43,845 290,161 682,687
▪ 2000 Census
Total Population 44,034 284,629 662,533
▪ Daytime Population
2019 Estimate 45,660 331,266 671,839
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2024 Projection
Total Households 17,197 118,170 259,552
▪ 2019 Estimate
Total Households 16,540 114,381 251,376
Average (Mean) Household Size 2.83 2.66 2.83
▪ 2010 Census
Total Households 15,307 106,680 234,953
▪ 2000 Census
Total Households 15,117 105,326 231,037
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2019 Estimate
$200,000 or More 5.73% 7.67% 8.33%
$150,000 - $199,000 4.85% 6.04% 6.10%
$100,000 - $149,000 9.97% 13.13% 14.14%
$75,000 - $99,999 11.71% 11.65% 11.79%
$50,000 - $74,999 17.91% 16.68% 16.64%
$35,000 - $49,999 14.29% 13.04% 12.33%
$25,000 - $34,999 11.36% 9.72% 9.20%
$15,000 - $24,999 12.18% 10.84% 10.21%
Under $15,000 11.99% 11.27% 11.26%
Average Household Income $78,269 $90,237 $94,701
Median Household Income $50,201 $57,453 $60,275
Per Capita Income $27,843 $33,786 $33,270
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population By Age
2019 Estimate Total Population 46,815 306,986 718,470
Under 20 24.54% 22.75% 23.58%
20 to 34 Years 25.62% 24.68% 24.46%
35 to 39 Years 8.15% 8.06% 7.86%
40 to 49 Years 14.52% 14.26% 14.07%
50 to 64 Years 17.64% 18.01% 17.83%
Age 65+ 9.53% 12.26% 12.19%
Median Age 34.92 36.54 36.20
▪ Population 25+ by Education Level
2019 Estimate Population Age 25+ 32,128 217,728 502,167
Elementary (0-8) 12.72% 9.11% 10.05%
Some High School (9-11) 8.91% 7.80% 8.57%
High School Graduate (12) 20.52% 19.52% 20.16%
Some College (13-15) 20.93% 19.87% 19.23%
Associate Degree Only 6.74% 7.20% 6.78%
Bachelors Degree Only 18.85% 23.73% 22.30%
Graduate Degree 6.80% 9.98% 9.85%
▪ Time Travel to Work
Average Travel Time in Minutes 35 35 34
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Income
In 2019, the median household income for your selected geography is
$50,201, compare this to the US average which is currently $60,811.
The median household income for your area has changed by 53.32%
since 2000. It is estimated that the median household income in your
area will be $56,695 five years from now, which represents a change
of 12.94% from the current year.
The current year per capita income in your area is $27,843, compare
this to the US average, which is $33,623. The current year average
household income in your area is $78,269, compare this to the US
average which is $87,636.
Population
In 2019, the population in your selected geography is 46,815. The
population has changed by 6.32% since 2000. It is estimated that the
population in your area will be 48,538.00 five years from now, which
represents a change of 3.68% from the current year. The current
population is 50.87% male and 49.13% female. The median age of the
population in your area is 34.92, compare this to the US average
which is 38.08. The population density in your area is 14,899.11
people per square mile.
Households
There are currently 16,540 households in your selected geography.
The number of households has changed by 9.41% since 2000. It is
estimated that the number of households in your area will be 17,197
five years from now, which represents a change of 3.97% from the
current year. The average household size in your area is 2.83
persons.
Employment
In 2019, there are 16,216 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
54.66% of employees are employed in white-collar occupations in this
geography, and 45.50% are employed in blue-collar occupations. In
2019, unemployment in this area is 5.38%. In 2000, the average time
traveled to work was 35.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
57.03% White, 4.80% Black, 0.11% Native American and 5.55%
Asian/Pacific Islander. Compare these to US averages which are:
70.07% White, 12.87% Black, 0.19% Native American and 5.66%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 57.58% of the current year
population in your selected area. Compare this to the US average of
18.17%.
PROPERTY NAME
MARKETING TEAM
14318 CALVERT STREET
Housing
The median housing value in your area was $582,917 in 2019,
compare this to the US average of $212,058. In 2000, there were
4,300 owner occupied housing units in your area and there were
10,817 renter occupied housing units in your area. The median rent at
the time was $595.
Source: © 2019 Experian
DEMOGRAPHICS
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14318 CALVERT STREET
DEMOGRAPHICS
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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and
should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable;
however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of
the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name
is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or
commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
14318 CALVERT STREET
Van Nuys, CA
ACT ID ZAB0140292
SPECIAL COVID-19 NOTICE
All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may
deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform,
and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as
intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers.
All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions
involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility
created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)
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