18547 Saticoy Street, Reseda, CA 91335
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
18547 Saticoy Street,Reseda, CA 91335
$3,100,000
- 13 Beds
- 26 Baths
- 11,472 sq. ft.
- Multi-family
- Pending
Listed by: roderick 'rick' raymundo
Office: marcus & millichap818-212-2700
MLS#:26842003
Source:CRMLS
Price summary
- Price:$3,100,000
- Price per sq. ft.:$270.22
About this home
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....
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Home facts
- Year built:1987
- Listing ID #:26842003
- Added:59 day(s) ago
- Updated:August 01, 2026 at 07:50 AM
Rooms and interior
- Bedrooms:13
- Total bathrooms:26
- Living area:11,472 sq. ft.
Structure and exterior
- Year built:1987
- Building area:11,472 sq. ft.
- Lot area:0.37 Acres
Finances and disclosures
- Price:$3,100,000
- Price per sq. ft.:$270.22
Parking
- Total parking spaces:26
- Parking description:Assigned
- Garage:Yes
- Garage spaces:26
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