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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$7,750,000

Est. payment - /mo

58 Beds

50 Baths

22,154 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,154 sqft

Price per Sqft $349

MLS Listing ID 25514793

Bedrooms 58

HOA Y/N No

Year Built 1990

Lot Size 0.593 Acres

Property Description

We 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.

Location

State CA

County Los Angeles

Area Res - Reseda

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Underground, Private

Total Parking Spaces 1

Building

Story 1

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2103026205

Special Listing Condition Standard

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Listed by John Boyett • CBRE

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18621 Saticoy ST Reseda, CA 91335