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Ann Marie Ahern & Angel Collins

team@sellinglaluxury.com +1(310) 409-7660

$ 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 Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,472 sqft

Price per Sqft $270

MLS Listing ID 26842003

Bedrooms 13

Year Built 1987

Lot Size 0.368 Acres

Acres 0.3672

Property Sub-Type Multi-Family

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 Reseda

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned, Attached

Garage Spaces 26.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

Nearby Locations

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Ann Marie Ahern & Angel Collins

REALTOR® | Lic# 02005871 - 01711164

team@sellinglaluxury.com

+1(310) 409-7660

14140 Ventura Blvd. Suite 100, Sherman Oaks, CA, 91423

18547 Saticoy St Reseda, CA 91335

Ann Marie Ahern & Angel Collins

Key Details

Location

Rooms

Interior

Exterior

Building

Others

18547 Saticoy St