14711 Saticoy Street

14711 Saticoy St, Van Nuys, CA 91405, USA

For Sale

$4,575,000

Property Description

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 14711 Saticoy Street in Los Angeles, California. The subject property is situated in a solid Van Nuys location, on the north side of Saticoy Street, west of Van Nuys Boulevard.

The most populous municipality in Los Angeles’ San Fernando Valley is Van Nuys, located in central LA County, it’s close to many of the state’s major highways, making travel and day trips easy for those looking to experience many of Southern California’s premier attractions quickly. Van Nuys retains a number of old neighborhoods, original Spanish mission and art deco architecture that give it more character than many nearby cities and towns. Van Nuys is home to many noteworthy food and entertainment spaces. Tenants of the subject property can take a short five (5) minute walk east to Van Nuys Boulevard to visit Guatemalteca Bakery, Gold Star Furniture, O K Chinese, Carl’s Jr, and Global Stone Trading Inc. This area is also adjacent to one of Los Angeles’ most well-known outdoor spaces at the Sepulveda Basin Recreation Area. This expansive park is less than a ten (10) minute drive from the subject property and includes the Japanese Garden, Sepulveda Basin Wildlife Reserve and Off-Leash Dog Park, Lake Balboa/Anthony C. Beilenson Park, Balboa Sports Center, Pedlow Skate Park, and Woodley Park Golf Course and Archery Range. Residents in the area also enjoy the easy access to nearly every part of Los Angeles via nearby LA Metro and the US -405, -101, and -170 Freeways.

Recently completed in 2020, this offering is not subject to rent control and contains a great unit mix of eight (8) three-bedroom/two-bathroom units and one (1) four-bedroom/three-bathroom home. These units are spacious and bright with wide open floorplans, private balconies, and plenty of windows letting in natural light. All units are brand new with high-end fixtures and finishes. Each unit comes fully equipped with in-unit laundry, digital air conditioning, and all modern stainless-steel appliances including refrigerators, microwaves, garbage disposals, dishwashers, and gas range stoves. The property is very low maintenance with separate meters for gas, water, and electric. All of the units are split between five (5) detached buildings totaling 10,357 SF on a large 14,840 SF double lot. This lot is secure with gated entry access. The well-maintained property features plenty of open space throughout and greenery in the quaint front yard. There are onsite storage areas available to the tenants as well as ample onsite parking. The property includes six (6) garage parking spaces plus additional space for uncovered parking.

Situated in a solid Van Nuys location, this offering presents an excellent opportunity for an astute investor to acquire a high cash flowing, new construction property free of rent control.

Contact Agent

Jason Tuvia

(818) 212-2735

Unit Mix

Eight (8) 3 Bedroom / 2 Bathroom Units & One (1) 4 Bedroom / 2 Bathroom House

Property Type

Multifamily

Submarket

Price

Size

10,357 SF

Total Units

Year Built

2020

Property Location

14711 Saticoy St, Van Nuys, CA 91405, USA

Property Description

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 14711 Saticoy Street in Los Angeles, California. The subject property is situated in a solid Van Nuys location, on the north side of Saticoy Street, west of Van Nuys Boulevard.

The most populous municipality in Los Angeles’ San Fernando Valley is Van Nuys, located in central LA County, it’s close to many of the state’s major highways, making travel and day trips easy for those looking to experience many of Southern California’s premier attractions quickly. Van Nuys retains a number of old neighborhoods, original Spanish mission and art deco architecture that give it more character than many nearby cities and towns. Van Nuys is home to many noteworthy food and entertainment spaces. Tenants of the subject property can take a short five (5) minute walk east to Van Nuys Boulevard to visit Guatemalteca Bakery, Gold Star Furniture, O K Chinese, Carl’s Jr, and Global Stone Trading Inc. This area is also adjacent to one of Los Angeles’ most well-known outdoor spaces at the Sepulveda Basin Recreation Area. This expansive park is less than a ten (10) minute drive from the subject property and includes the Japanese Garden, Sepulveda Basin Wildlife Reserve and Off-Leash Dog Park, Lake Balboa/Anthony C. Beilenson Park, Balboa Sports Center, Pedlow Skate Park, and Woodley Park Golf Course and Archery Range. Residents in the area also enjoy the easy access to nearly every part of Los Angeles via nearby LA Metro and the US -405, -101, and -170 Freeways.

Recently completed in 2020, this offering is not subject to rent control and contains a great unit mix of eight (8) three-bedroom/two-bathroom units and one (1) four-bedroom/three-bathroom home. These units are spacious and bright with wide open floorplans, private balconies, and plenty of windows letting in natural light. All units are brand new with high-end fixtures and finishes. Each unit comes fully equipped with in-unit laundry, digital air conditioning, and all modern stainless-steel appliances including refrigerators, microwaves, garbage disposals, dishwashers, and gas range stoves. The property is very low maintenance with separate meters for gas, water, and electric. All of the units are split between five (5) detached buildings totaling 10,357 SF on a large 14,840 SF double lot. This lot is secure with gated entry access. The well-maintained property features plenty of open space throughout and greenery in the quaint front yard. There are onsite storage areas available to the tenants as well as ample onsite parking. The property includes six (6) garage parking spaces plus additional space for uncovered parking.

Situated in a solid Van Nuys location, this offering presents an excellent opportunity for an astute investor to acquire a high cash flowing, new construction property free of rent control.

Contact Agent

Jason Tuvia

(818) 212-2735

(818) 448-4415

CalBRE #01772495

Unit Mix

Eight (8) 3 Bedroom / 2 Bathroom Units & One (1) 4 Bedroom / 2 Bathroom House

Property Details

Property Type

Multifamily

Submarket

Van Nuys

Price

$4,575,000

Price per Unit

$508,333

Price per SF

$441.73

Status

For Sale

Size

10,357 SF

Total Units

9

Year Built

2020

Property Location

14711 Saticoy St, Van Nuys, CA 91405, USA