18547 Saticoy ST, Reseda, CA 91335
18547 Saticoy ST, Reseda, CA 91335
18547 Saticoy ST, Reseda, CA 91335
18547 Saticoy ST, Reseda, CA 91335
18547 Saticoy ST, Reseda, CA 91335
18547 Saticoy ST, Reseda, CA 91335
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 3,100,000
Est. payment | /mo

13 Beds

26 Baths

11,472 SqFt

Save
$ 3,100,000
Est. payment | /mo
Save

13 Beds

26 Baths

11,472 SqFt

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 11,472 sqft

Price per Sqft $270

MLS Listing ID 26842003

Bedrooms 13

HOA Y/N No

Year Built 1987

Lot Size 0.368 Acres

Property Description

Because the property was constructed in 1987, it is not subject to Los Angeles rent control and instead allows for higher annual rent increases via AB 1482. A new investor can capitalize on both the impressive immediate cash flow, as the building is being offered with an attractive 6.75% CAP Rate, and more rapid potential income growth without the restrictions of Los Angeles rent control. The building consists entirely of large one-bedroom townhouse-style units, each above its own private two-car parking garage. The 11,472 total rentable square feet are spread over the 13 units, resulting in spacious floorplans that feature desirable tenant amenities. Each unit includes central air/heat as well as two fireplaces, two balconies, ceiling fans, and large walk-in closets. Plumbing at the property consists of copper pipes, leading to more efficient utility usage with fewer maintenance and repair expenses. Also reducing an investor's maintenance expenses is the fact that the building does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, saving an owner from an otherwise substantial cost. Situated near the intersection of Saticoy Street and Reseda Boulevard, the property is less than three miles south of California State University-Northridge and is a similar distance from shops and restaurants at the Northridge Fashion Center shopping mall. Numerous nearby retailers include Costco Wholesale, Target, Best Buy, Lowe's Home Improvement, and a new Porto's Bakery and Cafe. Tenants enjoy convenient access to the adjacent Granada Hills/Northridge area, as well as Encino, Woodland Hills, and Warner Center. The new Topanga Village shopping mall and the upcoming massive Promenade 2035 mixed-use development, to be constructed by Los Angeles Rams owner Stan Kroenke, are both mere miles from the property, allowing residents convenient access to several exciting new destinations.

Location

State CA

County Los Angeles

Area Res - Reseda

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Assigned

Garage Spaces 26.0

Garage Description 26.0

Total Parking Spaces 26

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2103026202

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Roderick 'Rick' Raymundo Marcus & Millichap #01357019

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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18547 Saticoy ST