18621 Saticoy Street, Reseda, CA 91335
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- MLS#: 25514793 ( )
- Street Address: 18621 Saticoy Street
- Viewed: 8
- Price: $7,750,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1990
- Bldg sqft: 0
- Days On Market: 14
- Additional Information
- County: LOS ANGELES
- City: Reseda
- Zipcode: 91335
- Provided by: CBRE
- Contact: John John
- DMCA Notice
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DescriptionWe are pleased to present a rare opportunity to acquire 18621 Saticoy St, a well maintained 26 unit apartment building, available for the first time since its construction in 1990. Ideally positioned between Reseda Boulevard andWilbur Avenue, this property is situated in the highly sought after Reseda rental market a prime location with strong tenant demand.Spanning a 25,807 square foot lot with 22,150 square feet of gross building area, the property features a highly desirable unit mix of two (2) one bedroom, one bathroom units, sixteen (16) two bedroom, two bathroom units, and eight (8)three bedroom, two bathroom units, offering significant rental income potential.The average unit size is 852 square feet. Residents enjoy access to premium amenities, including a swimming pool, an on site laundry facility, six guest parking spaces, and 48 gated tuck under parking spots.Built in 1990, the property is not subject to Los Angeles City rent control and instead falls under AB 1482, allowing annual rent increases of 5% plus CPI. Current rents are approximately 22% below market, presenting a compelling value add opportunity for investors. Reseda's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.
Property Location and Similar Properties
Features
Building Area Total
- 22154.00
Country
- US
Levels
- Multi/Split
Netoperatingincome
- 300173.00
Parcel Number
- 2103026205
Parking Features
- Private
- Subterranean
Sourcesystemkey
- 25514793:CLAW
Totalexpenses
- 272475.00
Year Built
- 1990
Zoning
- LAR3