GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 6,325,000
$ 6,950,000 9.0%
Est. payment /mo
Sold on 08/29/2025
18621 Saticoy ST Reseda, CA 91335
58 Beds
50 Baths
22,154 SqFt
UPDATED:
Key Details
Sold Price $6,325,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 22,154 sqft
Price per Sqft $285
MLS Listing ID 25514793
Bedrooms 58
Year Built 1990
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
Exterior
Parking Features Underground, Private
Building
Story 1
New Construction No
Others
Special Listing Condition Standard
Listed by John Boyett CBRE
Bought with John Boyett CBRE
Bought with John Boyett CBRE