14662 Rayen St is a 22-unit apartment building located in Panorama City, CA. Built in 1976, the property sits on over a half-acre lot, and is comprised of (4) studios, (17) one-bedroom, one-bathroom units, and (1) two-bedroom, one-bathroom unit. Property is zoned R3 TOC Tier 3 and is in a qualified opportunity zone. The community features controlled gated entry, a large parking area for tenants and laundry rooms. This presents a great value-add opportunity for investors with 47% upside in rents for a new owner to capture. 14662 Rayen St is walking distance to Walmart Neighborhood Market, Valley Indoor Swap Meet and other shopping that line Nordhoff St and Van Nuys Blvd. The community is also conveniently situated in proximity to the 405 Freeway, the Kaiser Permanente Medical Center, and the LA Kings Valley Ice Center.