Movoto Real Estate
Sold on 04/15/2024

18325 Saticoy St, Reseda, CA 91335

$21,946,998

Last sold 04/15/2024 for $16.3M

  • 112

    bed

  • 106

    bath

  • 53,440

    Sqft ($305/Sqft)

Multi-family not for sale

About 18325 Saticoy St

Property type Multi-family
Neighborhood
Year built 1989
HOA fee $0/month
Lot size 1.4 Acre
Movoto estimate
Property description
The Windmere Court Apartments situated at 18325 Saticoy St, Reseda, CA 91335. The building features 52 well-appointed spacious units: 44 (2+2), 6 (3+2), and 2 (3+3). The amenities available for residents include a swimming pool, jacuzzi, basketball court, community BBQ, and laundry facility. Secured on-site parking is provided with 38 tandem and 39 single spaces allowing for 2 parking spaces per unit.Windmere Court is a rare value-add opportunity with tremendous rental upside located in Reseda, an affluent neighborhood in the San Fernando Valley. Constructed in 1989, the building qualifies for annual rent increases of 5% + the Consumer Price Index (CPI).The property's location provides residents with access to a dynamic urban experience. It is surrounded by renowned dining venues, upscale boutiques, notable parks, and significant cultural landmarks. Moreover, Westfield Topanga and the Northridge Fashion Center are within close proximity. The area is rich in green spaces, offering tenants ample opportunities for outdoor recreation. Nearby attractions such as Reseda Park Lake, Cal State Northridge Botanic Garden, Lake Balboa, Los Encinos State Historic Park, and the esteemed Japanese Garden can be reached within a short 10-minute drive.Residents have easy access to major transportation hubs and freeways: Reseda Station, is 2.1 miles away, facilitates smooth public transportation. Furthermore, residents benefit from the effortless access to pivotal freeways - the 405, 101, and 27, ensuring swift and seamless commutes to Los Angeles's primary employment and entertainment hubs.The building is in close proximity to schools such as Cal State Northridge, Pierce College, Valley College, and Mount St Mary's College.
Listed by
Listing Agent - John Swartz
Listing Office - Compass
Source: The MLS mls logo
MLS#23-329665 • last updated 2 years ago
Movoto checked The MLS for data 6 minutes ago
Overview
Levels/Style Multi/Split
MLS # 23-329665
Type Residential Income
Status Sold
SqFt 53440
Lot Size (SqFt) 60791
Lot Size (Acres) 1.3956
Year Built 1989
Interior
Total # of Baths 106
Total # of Bedrooms 112
Laundry Own
Exterior
# Parking Spaces 104
Parking Desc Assigned, Controlled Entrance
# Covered Parking Spaces 104
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LAR3
APN 2119-001-222
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 6990
Unit 1: Projected Rent 131780
Unit 1: # Beds 2
Unit 1: Rent 2995
Unit 2: Rent 3250
Unit 3: Rent 3495
Unit 2: Furnished No
Unit 2: Projected Rent 19500
Unit 3: # Beds 3
Unit 2: # Beds 3
Unit 2: # Baths 2
Unit 3: # Baths 3
Unit 1: # Baths 2
Unit 2: Actual Rent 15574
Unit 3: Actual Rent 5450
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 103169
Total # Of Buildings 2
Net Operating Income 895029
Annual Rent 1490316
Cap Rate 5.03
Vacancy Amount (%) 3
Vacancy Rate 44709
Gross Income 1514080
Gross Operating Income 1469370
Gross Rent Multiplier 11.94
Total Annual Expenses 574342
$21.9M
Range: $19.7M-$24.1M
Last 30 days 
  • Jun 2024
    mls logo MLS # 23-329665
  • Jun 13, 2024 Sold
    —
  • Apr 15, 2024 Pending
    —
  • Jan 8, 2024 Price Change
    $17,795,000 (-3.8%)
  • Nov 7, 2023 Listed
    $18,495,000
  • Year Property taxes Tax assessment
  • 2025
    $12,147 -90.7%
    $16,626,000 +62.02%
  • 2024
    $130,752 +1.9%
    $10,261,890
  • 2023
    $128,308 +4.7%
    $10,261,890 +2.0%
  • 2022
    $122,539 +1.4%
    $10,060,677 +4.04%
  • 2021
    $120,817 -1.0%
    $9,670,011
  • 2020
    $121,985
    $9,670,011
  • 18325 Saticoy St
    $16.3M
  • Reseda
    $776K -2% y/y
  • 91335
    $765K -4% y/y
  • Reseda
    $769K -3% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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