18621 Saticoy Street, Reseda, CA 91335

About this property

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.

Listing description from the August 2025 sale, as reported to CRMLS.

Sale history

$6,325,000

Sold August 2025 · listed $6,950,000, orig. $7,750,000, on market March 2025 · MLS #25514793 · Source: CRMLS

Listing Agent: John Boyett · Listing Office: CBRE · Bought with: John Boyett · CBRE

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