Kelly Morgan
This listing was posted on RealtyWW.
$5,300,000
Home For Sale In Panorama City, California
Price:
$5,300,000
BR/BA:
3 BR
Location:
14687 Rayen St, Panorama City, CA
Description:
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.For more details: https://realtyww.info/homes_panorama-city-d189648/for-sale_i72110685
Property Type:
Single-Family Houses
Posted:
May 22 on RealtyWW
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More About this Listing: Home For Sale In Panorama City, California
Home For Sale In Panorama City, California is a Three Bedroom Single-Family Homes for Sale at 14687 Rayen St in Panorama City CA. Find other listings like Home For Sale In Panorama City, California and listings near 14687 Rayen St by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in Panorama City CA.
Home For Sale In Panorama City, California is a Three Bedroom Single-Family Homes for Sale at 14687 Rayen St in Panorama City CA. Find other listings like Home For Sale In Panorama City, California and listings near 14687 Rayen St by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in Panorama City CA.