Commercial > Multi-family / Apartments
Active
11/14/2023
List Price
$5,300,000$254/ft²
14687 Rayen St
Panorama City, CA 91402
- 42Beds
- 40Baths
- 20,829ft²Living Area
- 0.5acLot Size
- -Pool
- 20Car
- 1964Year Built
- 211DOM
- 3Permits
14687 Rayen St, Panorama City, CA 91402 is a 42 bed, 40 bath, 20,829 ft² multi-family/apartments property built in 1964 on a 0.531 acre lot with 3 construction permits. This multi-family/apartments is currently on the market for $5,300,000, and it was last sold in 2019 for $3,900,039.
MLS Description
The listing agent's description. Original Listing
***HUGE PRICE REDUCTION***VACANT 2+2 UNIT LEASED AT $2,550*** IN-PLACE 6.31% CAP RATE, 10.18 GRM***18 (2+2) 2 (3+2) units in Panorama City. Property is located in Panorama City, the next multifamily hotspot. There are big changes going on near Panorama City and North Hills. Primestor and the city are planning a major development called the "Panorama City Center". This massive development will offer over 5 million square feet of multi-family, retail, restaurants, entertainment, fitness, office, and medical. Basically, a walking city. This adds to other current and future huge developments being planned in the area. Izek Shomof has already converted the Panorama Tower, previously an office building, into 194 luxury residential apartments and due it's success, is now planning on building another 200 apartments w/ retail right next door. We believe these major investments are due to the upcoming Light Rail Transit Line on Van Nuys Blvd. Transit Lines have been proven to change neighborhoods, sometimes increasing rents 25-67%. Large developers know this and build accordingly. These transformative large developments further change the neighborhoods. Nearby property owners receive the benefits. Call us, we can help you profit from this. The Next Multifamily Hotspot echoing the Success of North Hollywood and Korea Town | Less than 1/2 mile from the coming Van Nuys Light Rail, New public transit stops drive up nearby rental prices 25% - 60% | 1/2 a mile to the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood | New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers | 80% 2 Bedroom 2 Bath, 20% 3 Bedroom 2 Bath | All units have nice kitchens, kitchen cabinets, flooring and bathrooms | Potential to add an ADU without losing parking (Buyer to confirm) | Contact us for an OM.
Listing Agents
The listing agent for 14687 Rayen St is Kelly Morgan.
KM
Kelly Morgan
KW Advisors
Phone: (310) 482-2200
Permits
14687 Rayen St has 3 permit records of total value of $26,000.
Permit History
3
Permits
$26,000
Total Permit Value
February 23, 2022
Description: Eplan: soft-story seismic retrofit per labc chapter 93: soft story seismic retrofit as per la city ordinance using special steel cantilever columnStatus: triageType: Bldg-alter/repairSub Type: ApartmentBusiness Name: King Building Construction; Zohrevand Pedram0Effective Date: 2022-02-23Permit Number: 22016-10000-01206
February 12, 2016
Description: Reroof with 130 sqrs BUILT UP roofing. Existing solid sheathing.Job Value: $26,000Status: issuedType: Bldg-Alter/RepairSub Type: ApartmentEffective Date: 2016-02-12Permit Number: 14016-90000-01048
October 4, 2007
Description: Fire damage repair for residential building only (maximum 10% of replacement cost of building). No structural changes. Valuation to be verified by the field inspectorStatus: issuedType: Bldg-alter/repairSub Type: ApartmentEffective Date: 2007-10-04Permit Number: 07016-20000-18933
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$53,250.44From latest Total Assessed Value1.27%Total Assessed Value$4,189,585=Land+
Assessed Value$2,144,403Additions
Assessed Value$2,045,182
In 2023, taxes billed for 14687 Rayen St were $53,250.44, which is 1.27% from latest Total Assessed Value of $4,189,585.
Property History
14687 Rayen St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 14687 Rayen St
Hazard Risks
Earthquake490Carb Mono159Air Pollution116Ozone112Particulates108Nat'l Avg100Lead99Tornado31Weather17Hail6Hurricane2Wind2
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 14687 Rayen St.
Walkability Index
12 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
14687 Rayen St has a walkability score of 12 out of 20, which means that it is in a somewhat walkable area.
Noise Level
52 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 14687 Rayen St is around 52dBs, which is comparable to a Suburban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
44°F
High
67°F
Summer
Average
Low
58°F
High
88°F
In the winter at 14687 Rayen St, temperatures range from 43.8°F to 66.8°F with an average of 55.3°F. In the summer, the temperature ranges from 58.49°F to 88.29°F with and average of 73.39°F.
School Information
Public/private schools serving 14687 Rayen St
Public Schools
Sepulveda Middle School
Grades: 6-8
1.00 mi
D+
James Monroe High School
Grades: 9-12
1.45 mi
D-
Primary Academy for Success
Grades: PK-2
0.25 mi
Northridge Academy High School
Grades: 9-12
4.19 mi
C+
Alta California Elementary School
Grades: KG-5
0.23 mi
B
Valley Academy of Arts & Sciences
Grades: 9-12
3.43 mi
C
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 14687 Rayen St have ratings undefined, undefined, undefined, undefined, undefined, and undefined.
Neighborhood
This property is located in Panorama City, Panorama City, CA 91402.
Seasonal Housing units 91402
7%of housing is for seasonal rent.
Daytime Population for 91402
-16%of people during work hours.
Boundary map of Panorama City.
Crime Index for 91402
99
99
The crime index in 91402 is 99, which is 1.0 times lower than national average.
Market Trends
Historical market data near 14687 Rayen St over selected time period.
Nearby Properties on Rayen St
- 14307 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,014 square foot, 3 bedroom, 1 bathroom, 0.13 acre property. It was built in 1949 and has an estimate of $625,006 with a price per ft² of $616.
- 14927 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,330 square foot, 3 bedroom, 2 bathroom, 0.46 acre property. It was built in 1954 and has an estimate of $859,086 with a price per ft² of $551.
- 14505 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,586 square foot, 4 bedroom, 2 bathroom, 0.21 acre property. It was built in 1948 and has an estimate of $810,252 with a price per ft² of $511.
- 14537 Rayen St, Panorama City, CA 91402 (Panorama City) is a 3,614 square foot, 8 bedroom, 5 bathroom, 0.28 acre property. It was built in 1948 and has an estimate of $1,099,223 with a price per ft² of $304.
- 14519 Rayen St, Panorama City, CA 91402 (Panorama City) is a 793 square foot, 2 bedroom, 1 bathroom, 0.15 acre property. It was built in 1948 and has an estimate of $680,787 with a price per ft² of $858.
- 14319 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,464 square foot, 4 bedroom, 2 bathroom, 0.18 acre property. It was built in 1955 and has an estimate of $789,369 with a price per ft² of $539.
- 14312 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,014 square foot, 3 bedroom, 1 bathroom, 0.17 acre property. It was built in 1949 and has an estimate of $646,790 with a price per ft² of $638.
- 14447 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,650 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1949 and has an estimate of $690,882 with a price per ft² of $419.
- 14441 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,282 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1949 and has an estimate of $669,650 with a price per ft² of $522.
- 14435 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,014 square foot, 3 bedroom, 1 bathroom, 0.13 acre property. It was built in 1950 and has an estimate of $627,655 with a price per ft² of $619.
- 14429 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,432 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1949 and has an estimate of $662,225 with a price per ft² of $462.
- 14423 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,902 square foot, 4 bedroom, 2 bathroom, 0.18 acre property. It was built in 1976 and has an estimate of $762,206 with a price per ft² of $401.
- 14510 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,626 square foot, 4 bedroom, 2 bathroom, 0.17 acre property. It was built in 1959 and has an estimate of $690,825 with a price per ft² of $425.
- 14677 Rayen St, Panorama City, CA 91402 (La Rue Maison) is a 13,731 square foot, 20 bedroom, 19 bathroom, 0.39 acre property. It was built in 1963 and has an estimate of $4,722,940 with a price per ft² of $344.
- 14731 Rayen St, Panorama City, CA 91402 (Panorama City) is a 36,924 square foot, 2 bedroom, 1 bathroom, 0.59 acre property. It was built in 2012 and has an estimate of $13,873,293 with a price per ft² of $376.
- 14696 Rayen St, Panorama City, CA 91402 (14696 Rayen Street) is a 19,742 square foot, 47 bedroom, 46 bathroom, 0.53 acre property. It was built in 1964 and has an estimate of $7,072,686 with a price per ft² of $358.
- 14687 Rayen St, Panorama City, CA 91402 (Panorama City) is a 20,829 square foot, 40 bedroom, 40 bathroom, 0.53 acre property. It was built in 1964 and has an estimate of $7,186,375 with a price per ft² of $345.
- 14654 Rayen St, Panorama City, CA 91402 (14654 Rayen Street) is a 19,868 square foot, 32 bedroom, 30 bathroom, 0.53 acre property. It was built in 1963 and has an estimate of $6,265,412 with a price per ft² of $315.
- 14242 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,556 square foot, 4 bedroom, 2 bathroom, 0.17 acre property. It was built in 1949 and has an estimate of $658,718 with a price per ft² of $423.
- 14230 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,916 square foot, 5 bedroom, 2 bathroom, 0.17 acre property. It was built in 1970 and has an estimate of $666,150 with a price per ft² of $348.
- 14674 Rayen St, Panorama City, CA 91402 (14674 Rayen Street) is a 10,114 square foot, 19 bedroom, 13 bathroom, 0.27 acre property. It was built in 1958 and has an estimate of $3,029,459 with a price per ft² of $300.
- 14829 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,128 square foot, 1 bedroom, 1 bathroom, 0.27 acre property. It was built in 1948 and has an estimate of $663,192 with a price per ft² of $588.
- 14432 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,056 square foot, 3 bedroom, 1 bathroom, 0.15 acre property. It was built in 1949 and has an estimate of $675,439 with a price per ft² of $640.
- 14513 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,586 square foot, 4 bedroom, 2 bathroom, 0.15 acre property. It was built in 1948 and has an estimate of $704,625 with a price per ft² of $444.
- 14525 Rayen St, Panorama City, CA 91402 (Panorama City) is a 1,586 square foot, 4 bedroom, 2 bathroom, 0.14 acre property. It was built in 1948 and has an estimate of $652,892 with a price per ft² of $412.
- View more properties on Rayen St