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18957 SATICOY ST Reseda, CA 91335
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Key Details
Sold Price $1,550,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,180 sqft
Price per Sqft $370
MLS Listing ID 22-135309
Sold Date 10/05/22
Bedrooms 8
Year Built 1946
Lot Size 0.956 Acres
Acres 0.9558
Property Description
18957 Saticoy St is a one-of-a-kind development opportunity in the heart of Reseda. Zoned LARA, this 8-unit apartment building (bungalow style) sits on a huge 41,633 SF lot ($53.44 Per Land SF). The new owner will have the option to keep the 8 units and subdivide the rest of the lot, or tear down the 8 units and subdivide into 4 residential lots. The ADU Ordinance will allow a Single Family Residence + detached ADU + attached junior ADU to be built on each subdivided lot (Buyer to verify). Earn income from the 8 units ($10,925/mo) while permits and entitlements are underway. Property may qualify under the new SB9 zoning law. Conveniently located close to The Warner Center, Northridge and Sherman Oaks, Reseda is a short drive to many of the valley's shopping and employment centers. NOTE: The adjacent property at 18937 Saticoy may be purchased together or separately. 18937 Saticoy consists of a 41,814sf vacant lot ($46.63 Per Land SF) and is asking $1,950,000.
Location
State CA
County Los Angeles
Area 2197
Zoning LARA
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Gas
Cooling Window Unit(s)
Equipment Cable, Dishwasher, Refrigerator, Range/Oven
Exterior
Parking Features Driveway
Garage Spaces 16.0
Building
Lot Description Lawn, Back Yard, Raw Land, Redevelopment Area, Value In Land, Yard
Others
Special Listing Condition Standard
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Bought with RE/MAX One
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