14696 Rayen St - Apartments FOR SALE


Panorama City, CA 91402
$5,800,000 USD
626-407-7701
14696 Rayen St, Panorama City, CA for Sale
$5,800,000 USD
Apartments - FOR SALE
1/12
null | 5.61% Cap Rate

14696 Rayen St
Panorama City, CA 91402


HIGHLIGHTS

  • Strong Rental Demand Location
  • Major 2-bedroom Units
  • 32% Upside on Rent
  • Seismic Retrofitting Completed
  • New Roof Completed in 2024
  • Well-Maintained Garden

OVERVIEW

We are pleased to present the opportunity to acquire a 27-unit value-add multifamily, located in Panorama City. Built in 1964, the subject proporty is located at one of the most desirable rental market 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.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

27

PRICE/UNIT

$214,815

CAP RATE

5.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ryan Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,170 SF

ZONING

R3, Panorama City

APN/PARCEL ID

2653-003-005

ASK ABOUT THIS PROPERTY

Grady LiuMacroReal CommercialMore Info
626-407-7701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Grady LiuMacroReal CommercialMore Info
626-407-7701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.