The subject property represents a tremendous value-add upside opportunity through improved management, system replacements, and cosmetic rehab. Part of a two building portfolio, The Saticoy Apartments were built in 1964 and consist of 32+1 huge two and three bedroom units. There is one non-conforming large studio unit that is currently not being leased that was converted using the original pool & recreation room. The property is separately metered for both gas and electricity and features 65 covered parking spaces. Unit amenities include ample closet space, storage, balconies & patios, A/C and wall heat.
The subject property is located in the Winnetka sub-market of Canoga Park and is situated between De Soto and Canoga Avenue. Strong surrounding demographics and close proximity to the Warner Business Center, give the Winnetka sub-market consistently low vacancy and superior rents as compared to the neighboring San Fernando Valley markets.
Updated on March 6, 2017 at 12:32 pm
THE SATICOY APARTMENTS - 20415 Saticoy St.
