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14662 Rayen St

Panorama City, CA 91402
  • $4,600,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 21-101189
UPDATED: 180 min ago
$4,600,000
  • 19
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,300
    SQFT
  • $322
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

School Ratings & Info

Description

14662 Rayen St is a 22-unit apartment building located in Panorama City, CA. Built in 1976, the property sits on over a half-acre lot, and is comprised of (4) studios, (17) one-bedroom, one-bathroom units, and (1) two-bedroom, one-bathroom unit. Property is zoned R3 TOC Tier 3 and is in a qualified opportunity zone. The community features controlled gated entry, a large parking area for tenants and laundry rooms. This presents a great value-add opportunity for investors with 47% upside in rents for a new owner to capture. 14662 Rayen St is walking distance to Walmart Neighborhood Market, Valley Indoor Swap Meet and other shopping that line Nordhoff St and Van Nuys Blvd. The community is also conveniently situated in proximity to the 405 Freeway, the Kaiser Permanente Medical Center, and the LA Kings Valley Ice Center.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/122954812
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14662 Rayen St Panorama City, CA 91402

  • Price: $4,600,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 180 min ago
  • MLS #: 21-101189
19
Beds
0
Baths
0
½ Baths
0.53
Acres
14,300
SQFT
$322
$/SQFT
1976
Built
Neighborhood:
Panorama City
County:
Los Angeles
Area:
Panorama City
Property Description
14662 Rayen St is a 22-unit apartment building located in Panorama City, CA. Built in 1976, the property sits on over a half-acre lot, and is comprised of (4) studios, (17) one-bedroom, one-bathroom units, and (1) two-bedroom, one-bathroom unit. Property is zoned R3 TOC Tier 3 and is in a qualified opportunity zone. The community features controlled gated entry, a large parking area for tenants and laundry rooms. This presents a great value-add opportunity for investors with 47% upside in rents for a new owner to capture. 14662 Rayen St is walking distance to Walmart Neighborhood Market, Valley Indoor Swap Meet and other shopping that line Nordhoff St and Van Nuys Blvd. The community is also conveniently situated in proximity to the 405 Freeway, the Kaiser Permanente Medical Center, and the LA Kings Valley Ice Center.
Exterior Features

Lot Size Area 23192 Other Structures Other Parking Garage Other Total Parking 27

Interior Features

Baths Total 22.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1536325 Gross Income 290289 Gross Operating Income 283816 Like Units1 4 Like Units2 17 Like Units3 1 Net Operating Income 138981.00 Number Of Buildings 1 Number Of Units 22 Sale Type Standard Source Living Area Other Source Lot Size Area Other Source Lot Size Dimensions Other Total Annual Expense 144836 Type Of Units 22 Year Built Source Other Zoning Lar3

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Indian Wells CA, 92210