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14534 Saticoy St 31 Unit Apartment Building $4,900,000 ($158,065/Unit) 5% Cap Rate Van Nuys, CA 91405
Investment Highlights
- Strategic San Fernando Valley Location
- Attractive Unit Mix
- Favorable Financials
- Proven Renovation Strategy
- Desirable Property Features
Executive Summary
CBRE, as exclusive agent, is pleased to present a compelling opportunity to acquire a 31-unit apartment building located at 14534 Saticoy Street in Van Nuys, California - a dynamic submarket within the San Fernando Valley.
Property Facts
| Price | $4,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $158,065 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5% | Building Size | 15,136 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 31 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $4,900,000 |
| Price Per Unit | $158,065 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | 1031 Exchange |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 15,136 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | R3, Los Angeles - Restricted Density Multiple Dwelling |
Amenities
Site Amenities
- Pool
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2218-003-015 | Improvements Assessment | $2,021,173 |
| Land Assessment | $696,950 | Total Assessment | $2,718,123 |
Property Taxes
Parcel Number
2218-003-015
Land Assessment
$696,950
Improvements Assessment
$2,021,173
Total Assessment
$2,718,123
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