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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0BEDS
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0.53ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T15:37:07.797. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.