18325 Saticoy Street
Reseda, CA, 91335 $ 17,795,000
Baths0.0 Sq 53,440 Monthly Estimate*
$ 124,303
Studio
for $17,795,000. This 53,440 square foot home was built in 1989 on a lot size of 1.4.
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.
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FeaturesGeneralHeating Central
Possession Close of Escrow
Zoning LAR3
Year Built 1989
Levels Multi/Split
County Los Angeles
Net Operating Income 895029.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Pending
City Reseda
Buyer Agent Compensation 1.00
Senior Community Y/N No
MLS Area RES - Reseda
Lot Size Square Feet 60791.0
Street Name Saticoy
Standard Status Pending
Buyer Agent Compensation Type %
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ExteriorParking Features Assigned Controlled Entrance
Lot Size Area 60791.0
Building Area Total 53440.0
Lot Dimensions 88x290
Lot Size Acres 1.4
Lot Size Units Square Feet
Land Lease Type Fee
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InteriorTotal Stories 2
Heating Y/N Yes
Street Suffix Street
Total Baths 0
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $124,303
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Reseda, CA
Average List Price $5,945,429
Percent of Sale Price 67%
About Reseda, CA 74,436 Population
10% Since 2002
$ 52,598 Median Income
37.59 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
1/9/2024 | $17,795,000 | -3.78% | Price Down |
11/7/2023 | $18,495,000 | | Listed Price |