12036 Saticoy St
North Hollywood, CA 91605

1989 Const. | Current 12.99 GRM | Motivated Seller The offering at 12036 Saticoy Street is a non-rent control 12-unit multifamily property that consists primarily of larger apartments with spacious floorplans. The building was constructed in 1989 and is therefore not subject to Los Angeles rent control restrictions. Situated on approximately 18,652 square feet of land, the property includes approximately 13,783 rentable square feet. With a unique mix of larger units -- 2 six bedroom/two bathroom units, 2 five bedroom/ two bathroom units, 1 four bedroom/two bathroom unit, 1 three bedroom/two bathroom unit, 3 two bedroom/one bathroom units, 2 one bedroom/one bathroom units, and 1 studio -- the property is able to command average monthly rents of more than $1,700 per unit. (*Full list of unit types and rent roll are contained within the Offering Memorandum link below.) The building contains full copper/PEX plumbing, central air/heat, and individual water heaters. Many of the water heaters and almost all of the air conditioning units have been replaced in recent years. The building was recently repainted, while the landscaping was also updated and a new security camera system was installed. Units are separately metered for gas, electricity, and water, while an on-site laundry room creates additional income. Gated parking offers space for 25 vehicles in the rear of the property. Located near the corner of Saticoy Street and Laurel Canyon Boulevard, the building benefits from high visibility in sourcing prospective tenants. Residents enjoy convenient access to the 170 Freeway, with the Sherman Way onramp just blocks away.