14696 Rayen Street

Panorama City, CA 91402

$5,800,000
Price
6
Beds
45
Baths
19,742 Sq. Ft.
$294 / Sq. Ft.
19,742
Sq. Ft.
$294
per Sq. Ft.

Description

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.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.
  1. Listed by Grady Liu • DRE #01290494 • Brokerage DRE #01290494 • MacroReal Inv Grp Inc. • gradyl@macroreal.com
  2. Listed by Hao Ding • DRE #02024511 • Brokerage DRE #01290494 • MacroReal Inv Grp Inc.

Property Details for 14696 Rayen Street

Parking Spaces Total
0
Private Pool
No
Total Units
27.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
19742
Assessor Parcel Number
2653-003-005
Property Attached YN
true
LISTING UPDATED: 01/29/2025 07:56 AM

Property Details for 14696 Rayen Street

StatusActive
MLS #TR25013420
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1964
Lot Size0.53 AC / 23,204 SF
CountyLos Angeles County

Building Information for 14696 Rayen Street

Stories2Residences-Year Built1964Building Size-Lot Size0.53 AC / 23,204 SF

Property Information for 14696 Rayen Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $535,632
  • Vacancy Allowance: 16069
  • Gross Operating Income: $554,851
  • Net Operating Income: $325,598
  • Gross Multiplier: 10.0
  • Cap Rate: 5.61
Expense Details
  • Operating Expense: $229,253
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 5638
  • Tax Census Tract: 1201.03
  • Tax Lot: 80
Community / Development
Community / Development
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Gate
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft
  • Number Of Units: 27
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 18
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 28
  • Number Of Separate Gas Meters: 28
  • Number Of Separate Water Meters: 1

Property History for 14696 Rayen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14696 Rayen Street

Taxable ValueLand$3,208,677Additions$2,139,117Total$5,347,794
Tax Record2024$67,234 ($5,603 / month)
Home Facts
Total Finished SqFt19,742 SqFtAbove Grade Finished SqFt19,742 SqFtLot Size23,197 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN2653-003-005

Schools near 14696 Rayen Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alta California Elementary School
PublicK to 5

Vista Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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14696 Rayen Street is a mixed use property for sale in Panorama City, CA 91402. This property was listed for sale on January 19, 2025 by MacroReal Inv Grp Inc., it's currently listed at $5,800,000. It has been on the market for a total of 51 days and was last sold on February 14, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Alta California Elementary School, Vista Middle School and Valley Academy Of Arts And Sciences. 14696 Rayen Street is a 6-bed, 45-bath, 19,742 sqft mixed use property built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MacroReal Inv Grp Inc., Grady Liu, DRE #01290494; MacroReal Inv Grp Inc., Hao Ding, DRE #02024511

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.