Building Details

Year Built 1961

Listing Agency: CB Richard Ellis,Inc.

Listed By: Kadie Presley · License #01476551 Show Phone

Source: Sevengables

Added: Sep 16, 2025 Changed: Oct 15 Last Checked: Oct 14 at 11:37PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis,Inc.

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Investment Insights

Based on property information with market context.

This well-maintained 31-unit apartment building offers a unit mix of bachelor, studio, and one-bedroom layouts. The property features updates across 21 units, including upgraded kitchen countertops and appliances, new flooring, new cabinets, and refreshed bathrooms with new fixtures.

Located at 14534 Saticoy Street in Van Nuys, California, the building is positioned within the San Fernando Valley submarket. The available information notes stable occupancy history and strong recent leasing activity.

The renovations and current operating performance support continued income generation from a diversified residential unit mix.

Key Highlights

• 31‑unit apartment building on Saticoy Street in Van Nuys, CA
• Year built: 1961
• Unit mix includes bachelor, studio, and one‑bedroom apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$243,550

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,871,000 $4.9M

Cap Rate 7%

$3,479,286 $3.5M

Cap Rate 9%

$2,706,111 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,136 SF

Gross rent

$481.3K $31.80/SF

− Vacancy

−$38.5K −$2.54/SF

EGI

$442.8K $29.26/SF

− OpEx

−$199.3K −$13.17/SF

NOI

$243.6K $16.09/SF

Area

Los Angeles County, CA

Vacancy

8.00%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,871,000

Cap Rate 7%

$3,479,286

Cap Rate 9%

$2,706,111

Alternative Uses

Best Use

Apartment 5plus

$3.48M

$3.04M – $4.06M (±1% cap)

NOI $243,550 @ 7.0% cap · market cap 4.97%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$8.10M

$7.09M – $9.45M (±1% cap)

NOI $567,263 @ 7.0% cap · market cap 11.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Lone Wolf Roofing ... Roofing Company

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Tanning Salon Fish Market Clothing & Fashion Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31

Residential units

Location Intelligence

Trade Area within ½ mile

2,050

Businesses Nearby

Explore this area Business Placement

Demographics for 91405, CA

55,319

Population

19,822

Households

2.8

Avg Household Size

36

Median Age

26%

College-Educated

75%

High-School Grad

3.4 sq mi

ZIP Area

16,270

Density / Sq Mi

$61,207

Median Household Income

$34,833

Median Earnings

$1,736

Median Rent

$698,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Well-maintained 31-unit apartment building with bachelor, studio, and one-bedroom units and 21 renovated apartments.

Where is this apartment building located?

The property is located at 14534 Saticoy Street Van Nuys, CA.

What is the asking price?

The asking price for this property is $4,900,000.

What are key features of this property?

This property features: 31‑unit apartment building on Saticoy Street in Van Nuys, CA; Year built: 1961; Unit mix includes bachelor, studio, and one‑bedroom apartments