Properties
Panorama City, CA 91402 14696 Rayen
$4,880,000
4 more
Presented By: Grady Liu with MacroReal Inv Grp Inc.; gradyl@macroreal.com
Baths • 1
SQFT • 19,742
Home Details
We are pleased to present the opportunity to acquire a 27-unit value-add multifamily, located in Panorama City. Built in 1964, the subject property is located at one of the most desirable rental markets in San Fernando Valley, and it offers an excellent unit mix with the majority of the 2-bedroom units. Selected units are renovated. The ownership has completed the seismic retrofitting. The roof was replaced in 2024. SCEP PASSED IN CURRENT.
Presented By: Grady Liu with MacroReal Inv Grp Inc.; gradyl@macroreal.com
Interior Features for 14696 Rayen
Other Interior Features
Common Walls1 Common Wall
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 14696 Rayen
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate7
CityPanorama City
Community FeaturesUrban
CountyLos Angeles
DirectionsWest of Van Nuys Blvd
Electric Expense
Entry LocationGround
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet23204
Lot Size UnitsSquare Feet
MLS AreaPC - Panorama City
Net Operating Income341679
New ConstructionNo
Number Of Units Total27
Operating Expense224054
Pool FeaturesNone
PostalCityPANORAMA CITY
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot80
Trash Expense0
Water Sewer Expense0
Year Built1964
Year Built SourceAssessor
Exterior for 14696 Rayen
Building Area Total19742
Lot Size Acres0.5327
Lot Size Area23204
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters28
Number of Separate Gas Meters28
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
