18957 SATICOY ST, RESEDA, CA 91335

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.