$16,300,000
$17,795,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
112 Beds
106 Baths
53,440 SqFt
SOLD DATE : 06/13/2024
Key Details
Sold Price $16,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 53,440 sqft
Price per Sqft $305
MLS Listing ID 23329665
Sold Date 06/13/24
Bedrooms 112
HOA Y/N No
Year Built 1989
Lot Size 1.396 Acres
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.
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR3
Interior
Heating Central
Fireplace No
Exterior
Garage Assigned, Controlled Entrance
Total Parking Spaces 104
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2119001222
Special Listing Condition Standard
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