18325 Saticoy Street

Reseda, CA 91335

$16,300,000

Sold Price
112

bed Beds

106

shower Baths

53,440 sqft

straighten / sqft

1989

calendar_month Built

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.

Listing Information

Close Price $16,300,000
Close Date Thursday, June 13th, 2024
Status Closed
MLS 23329665
Type Residential Income
Year Built 1989
Lot Size 60,791
Structure Size 53,440
DOM 160
Courtesy Of Compass
Listing Agent John Swartz DRE#01873487

Interior Features

Total Bedroom
Bedrooms 112
Total Bathroom
Bathrooms 106

Exterior Information

Maps

Listing information courtesy of: John Swartz, Compass 310-779-9929. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 13th, 2024 at 10:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.