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14687 Rayen Street

Panorama City, CA 91402
  • $5,900,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 22182811
UPDATED: 57 min ago
$5,900,000
  • 0
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Daniel Withers of Matthews Real Estate Investment Services (866-889-0550)


Description

14687 Rayen St is an excellent opportunity to take ownership of a 20-unit apartment community located in the heart of Panorama City. With an excellent unit mix of (18) 2+2 and (2) 3+2 this is a rare opportunity to acquire a property with this kind of unit mix. This property has a strong value-add component with 30% upside in rents. This property can be sold with assumable financing. The assumable financing features an interest rate of 3.25% fixed until April 2024. Remaining balance is roughly $3,500,000. Property requires a seismic retrofit

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T23:28:18.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
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14687 Rayen Street Panorama City, CA 91402

  • Price: $5,900,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 57 min ago
  • ID#: 22182811
0
Beds
0
Baths
0
½ Baths
0.53
Acres
1964
Built
Neighborhood:
PC - Panorama City
County:
Los Angeles
Area:
PC - Panorama City
Property Description
14687 Rayen St is an excellent opportunity to take ownership of a 20-unit apartment community located in the heart of Panorama City. With an excellent unit mix of (18) 2+2 and (2) 3+2 this is a rare opportunity to acquire a property with this kind of unit mix. This property has a strong value-add component with 30% upside in rents. This property can be sold with assumable financing. The assumable financing features an interest rate of 3.25% fixed until April 2024. Remaining balance is roughly $3,500,000. Property requires a seismic retrofit
Exterior Features

Parking Total 0

Property Features

Association Fee 0 Gross Income 430048 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 244624 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T23:28:18.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Daniel Withers of Matthews Real Estate Investment Services (866-889-0550)