Description

EXCEPTIONAL INVESTMENT OPPORTUNITY | MULTI-UNIT INCOME PROPERTY WITH 2 PERMITTED ADUs. Welcome to 15744 Saticoy Street. A rare and versatile income-producing property in the heart of Van Nuys offering multiple permitted structures on one lot, with tremendous upside for investors, owner-occupants, or developers. This unique offering features a main residence plus two fully permitted Accessory Dwelling Units (ADUs), each on its own separate meter. The first ADU is a legally converted garage, thoughtfully transformed into a fully independent living space. The second is an additional permitted ADU, purpose-built and fully compliant both carrying legal permits, offering peace of mind and maximum financing flexibility. The property boasts a total of 6 bedrooms, 4 bathrooms, and 2,119 sq ft of living space across its units, formerly operated as an assisted living facility — providing a proven rental history and exceptional flexibility for a variety of future uses. The property currently generates rental income with existing tenants in place, offering immediate cash flow from day one. Each unit provides true independence and privacy with separate kitchens, multiple bedrooms and bathrooms. Highlights include beamed wood-panel ceilings, ceiling fans, in-unit laundry hookups, a large covered carport with assigned parking spaces, and gated/secured access. The expansive lot is lined with mature cypress and pine trees providing natural privacy and curb appeal. Whether you're looking to maximize rental income or explore assisted living/group home potential, this property checks every box. With LA's housing demand at an all-time high and two permitted ADUs already in place, this is truly a turnkey investment with value-add potential.