31-Unit Apartment
For Sale
$4,900,000
14534 Saticoy Street, Van Nuys, CA 91405
Well-maintained 31-unit apartment building with bachelor, studio, and one-bedroom units and 21 renovated apartments.
Property Size15,136 SF
Price / SF$323.73
Days on Market299
Property Features for 14534 Saticoy Street
General Information
Standard status
Active
Size
15,136 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
31
Building Details
Year Built
1961
Listing Agency:
CB Richard Ellis,Inc.
Listed By:
Kadie Presley
(714) 497-3550
Source:
Sevengables
Added: Nov 5, 2025
Changed: Aug 27
Last Checked: Aug 30 at 6:47PM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$243,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,871,000
$4.9M
Cap Rate 7%
$3,479,286
$3.5M
Cap Rate 9%
$2,706,111
$2.7M
Market Conditions
NOI Build-Up for 15,136 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $567,263 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
