Homes for sale - 18621 Saticoy ST, Reseda, CA 91335

Yosef Adde

Realtor® | License ID: 02017925

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$ 6,325,000

$ 6,950,000 9.0%

Est. payment | -/mo

58 Beds

50 Baths

22,154 SqFt

$ 6,325,000

$ 6,950,000 9.0%

Est. payment | -/mo

58 Beds

50 Baths

22,154 SqFt

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

Sold Date 08/29/25

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

Listed by John Boyett CBRE
Bought with John Boyett CBRE

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

+1(310) 363-7362

yosef@adde.la

Serving the South Bay Los Angeles

18621 Saticoy ST Reseda, CA 91335

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Key Details

Location

Interior

Exterior

Building

Others

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18621 Saticoy ST