18325 Saticoy Street

Reseda, CA 91335

$16,300,000
Last Sold Price
112
Beds
106
Baths
53,440 Sq. Ft.
$305 / Sq. Ft.
53,440
Sq. Ft.
$305
per Sq. Ft.

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...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.

Listing Agents

  1. John Swartz

    John Swartz

    Listing Agent

    Compass

    DRE #01873487

  2. Jacqueline Carroll

    Jacqueline Carroll

    Alternative Listing Agent

    Compass

    DRE #02139996

Property Details for 18325 Saticoy Street

Zoning
LAR3
Parcel Number
2119001222
Total Units
52.0
Living Area
53440
Source Living Area
Vendor Enhanced
Area
Reseda Ranch (RESR)
Vacancy Rate
44709
Lot Size Area
60791
LISTING UPDATED: 06/13/2024 03:47 PM

Property Details for 18325 Saticoy Street

StatusSold
MLS #23-329665
Days on Market160
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size1.40 AC / 60,791 SF
CountyLos Angeles County
Buyer's Agent Compensation1%

Building Information for 18325 Saticoy Street

Stories2Residences-Year Built1989Building Size-Lot Size1.40 AC / 60,791 SF

Property Information for 18325 Saticoy Street

Community / Development
Community / Development
  • Number Of Units: 52
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 3
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $1,469,370
  • Net Operating Income: $895,029.00
  • Gross Income: $1,514,080
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: $11.94
  • Actual Annual Gross Rent: $1,490,316.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 574342
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.3956
  • Lot Size Square Feet: 60791
  • Lot Size Dimensions: 88x290
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Controlled Entrance
  • Total Parking: 104
  • Covered Parking: 104
  • Parking Features: Assigned, Controlled Entrance
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: None
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-07-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $103,169.00
  • Unit Projected Rent: $131,780.00
  • Like Units: 44
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $15,574.00
  • Unit Projected Rent: $19,500.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $5,450.00
  • Unit Projected Rent: $6,990.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $4,379,352.00
  • Assessed Improvement Percent: 43.53
  • Assessed Land Value: $5,681,325.00
  • Assessed Land Percent: 56.47
  • Assessed Total Value: $10,060,677.00

Property History for 18325 Saticoy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18325 Saticoy Street

Taxable ValueLand$5,794,951Additions$4,466,939Total$10,261,890
Tax Record2024$130,752 ($10,896 / month)
Home Facts
Total Finished SqFt53,440 SqFtAbove Grade Finished SqFt53,440 SqFtStories1Lot Size60,772 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningLAR3CountyLOS ANGELESAPN2119-001-222

Schools near 18325 Saticoy Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Garden Grove Elementary School
PublicK to 5

Northridge Middle School
Public6 to 8

Northridge Academy High
Public9 to 12

Valley Academy Of Arts And Sciences
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, John Swartz, DRE #01873487; Compass, Jacqueline Carroll, DRE #02139996

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.