THE CALVERT XIV
THE CALVERT XIV is a ground up multi family development project of approximately 16,000 SQ FT consisting of four duplexes, two ADU's and four Rec rooms that will be converted into studio apartments.
THE CALVERT XIV is within close proximity to the Arts District of North Hollywood, entertainment studios, Studio City, Universal Studios, and Hollywood.
Based on notable comps nearby, the project will have an ARV around $8,000,000 to $8,500,000 upon completion.
Our acquisition of this ground up development came with ready to issue plans and was purchased for $2,300,000 with a construction budget of approximately $3,500,000.
Estimated completion of the project is Winter 2024.