Saticoy Villa Grande

09-08-2021
09-16-2021

21125 Saticoy St, Canoga Park, CA 91304

  • Thirty units in excellent Canoga Park rental pocket
  • Well maintained property owned by a long term owner
  • All tenants have paid during Covid
  • Excellent unit mix of (18) two-bedroom, two-bath unit and (12) one-bedroom, one-bath units
  • Upside in existing rents
  •  Tenants enjoy balconies, swimming pool, on-site laundry, and a secured building
  •  Not subject so the seismic retrofit

Property Description

KW Commercial is proud to represent this 30-unit apartment building in Canoga Park.      The building was constructed in 1971. Its unit mix consists of (12) one-bedroom, one-bathroom units and (18) two-bedroom, two-bathroom units. With a lot size of 24,307 square feet, the property has a total 25,080 rentable square feet. The tenants enjoy balconies, a swimming pool, on-site laundry, and a secured building.         The property is conveniently located and is minutes away from the brand new Village at the Topanga shopping mall, Warner Center, and Pierce College. Tenants enjoy easy access to the 101 freeway and Orange Line.      The property is separately metered for gas and electricity.

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
1+1 12 0 $ 1,546
2+2 18 0 $ 1,439

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multi-family type
Garden Style
Price
$ 7,000,000
No. of Units
30
Cap Rate
3.76%
GRM / GIM
13.96
Average Occupancy
100%
Year Built
1971
Building Size
25,080 Sq ft
Lot Size
24,307 Sq ft
No. of Stories
3
APN
2109-025-021
Zoning Code
LAR3
Opportunity Zone
Off
Price per unit
$ 233,333

Financial Details

Gross Income
$ 486,919
Effective Gross Income
$ 486,712
Operating Expenses
$ 223,402
Net Operating Income
$ 263,310
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34.208691, -118.593773

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