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14687 Rayen St
Panorama City, CA 91402
HUGE PRICE REDUCTION 6.31% In-Place Cap Rate · Multifamily Property For Sale
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20 Units
Investment Highlights
- ALL 2 & 3 BDR Units
- 1/2 a mile to the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood
- All units have nice kitchens, kitchen cabinets, flooring and bathrooms
- Less than 1/2 mile from the coming Van Nuys Light Rail, New public transit stops drive up nearby rental prices 25% - 60% (www.urbandisplacement.org)
- New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers
- Potential to add an ADU without losing parking (Buyer to confirm)
Property Facts
| No. Units | 20 | Building Size | 20,829 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.96/1,000 SF |
| Lot Size | 0.53 AC | ||
| Zoning | R3 - Multi-Family | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 20,829 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R3 - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Refrigerator
- Oven
- Freezer
Site Amenities
- Laundry Facilities
Property Taxes
| Parcel Number | 2651-011-030 | Improvements Assessment | $1,940,000 |
| Land Assessment | $2,910,000 | Total Assessment | $4,850,000 |
Property Taxes
Parcel Number
2651-011-030
Land Assessment
$2,910,000
Improvements Assessment
$1,940,000
Total Assessment
$4,850,000
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