18621 Saticoy Street
Reseda, CA, 91335
$7,750,000
Beds
0 Baths
SqFt
0.59 Acres
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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.

Property Details

Price:
$7,750,000
MLS #:
25514793
Status:
Active
Baths:
0
Address:
18621 Saticoy Street
Type:
Residential Income
Neighborhood:
resreseda
City:
Reseda
Listed Date:
Mar 21, 2025
State:
CA
ZIP:
91335
Lot Size:
25,815 sqft / 0.59 acres (approx)
Year Built:
1990
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18621 Saticoy Street
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