Address
21133 Saticoy Street Canoga Park, CA
Price
$ 5,350,000
Property Attributes
  • MLS#21786724
  • TypePending
  • CountyLOS ANGELES
  • CityCanoga Park
  • AreaCanoga Park
  • Zip91304
  • Style
  • Price$ 5,350,000
  • Bedrooms43
  • Full Bathrooms22
  • Half Bathrooms0
  • Sqr Footage24528
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
Dana Brody with Dana Brody
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

We are very pleased to exclusively offer for sale for the first time in over 50 years The Stanbarry Apartments, 21 units located at 21133 Saticoy Street in Canoga Park. Built in 1951, The Stanbarry Apartments is comprised of 20 2-bedroom units and one 3-bedroom unit. The property totals 24,528 square feet on a 24,222 square foot corner lot zoned R3. The property has already had the seismic retrofit completed and all seismic gas shutoff valves have been installed. These large and bright unit feature private 1st floor patios as well as 2nd story balconies, individual garages and an on-site laundry room for tenants units. All the units open onto a controlled access courtyard that is beautifully landscaped with mature landscaping and blooming flowers. 21133 Saticoy received a new roof in 2006 and the plumbing was updated in 2019. Current annual gross income totals $338,592 with consistent 100% occupancy, offering significant income upside potential of nearly 40% higher rents upon re-tenanting. The property is priced below replacement value at $255,000 per unit and $218 per foot. The Stanbarry Apartments offers a saavy investor the opportunity to purchase a well-maintained 21-unit multi-family asset with significant income upside potential in the extremely strong rental pocket of Canoga Park. The Stanbarry Apartments can be purchased along with 15042 & 15046 Dickens Street in Sherman Oaks for $5,850,000 as part of a portfolio including The Stanbarry Apartments for a total offering price of $11,200,000. Rare opportunity to acquire 37 prime value-add units!

Price History
9/22/2021 Listed $5,350,000

General Features

Carport Y/N Yes
Garage Y/N Yes
Heating Wall Furnace
Listing Agent Dana Brody - BRE#01429001
Listing Agent State License 01429001
Lot Size Square Feet 24222
MLS Area CP - Canoga Park
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Pending
Terms Cash
Total Actual Rent 332592
Total Units 21
Virtual Tour https://www.vikingstanbarrycollection.com
Zoning LAR3

Interior Features

Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Size Acres 0.56
Lot Size Area 24222
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Carport, Garage
Total Parking 21

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 91304

Price
AVG $1.4M
$5.35M
Visits
AVG 36
10
Year Built
AVG 1970
1965
Walkscore
AVG 43
61
Data Provided by Walkscore ® not using MLS data

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