4834-1/2 Saturn Street

    Los Angeles (City), CA 90019
    • $1,400,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 19520078
    UPDATED: 30 min ago
    $1,400,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,956
      SQFT
    • $354
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    We are pleased to announce the sale of 4834 Saturn Street, a six-unit multifamily property located in the rapidly improving Mid-City district of Los Angeles, CA. A clear value-add opportunity, the building has rents that currently average only $1.39 per square foot. A new investor may be able to capitalize on the approximate 104% rent upside via strategic property upgrades that complement the recent developments and improvement in the neighborhood. Midtown Crossing, a recently completed 330,000 square foot urban retail center, is within walking distance for tenants of the property, helping an investor to command higher rents.The Mid-City district is located south of the prime Miracle Mile and Mid-Wilshire neighborhoods, and it has several pending development projects slated for completion in the coming years. Future deferred maintenance costs are reduced by the fact that the subject property does not appear on the LADBS Seismic Retrofit List (Buyer to verify).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T16:33:30.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
    www.tolivebythesea.com/homes/99914545

    4834-1/2 Saturn Street Los Angeles (City), CA 90019

    • Price: $1,400,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 19520078
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,956
    SQFT
    $354
    $/SQFT
    1961
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    We are pleased to announce the sale of 4834 Saturn Street, a six-unit multifamily property located in the rapidly improving Mid-City district of Los Angeles, CA. A clear value-add opportunity, the building has rents that currently average only $1.39 per square foot. A new investor may be able to capitalize on the approximate 104% rent upside via strategic property upgrades that complement the recent developments and improvement in the neighborhood. Midtown Crossing, a recently completed 330,000 square foot urban retail center, is within walking distance for tenants of the property, helping an investor to command higher rents.The Mid-City district is located south of the prime Miracle Mile and Mid-Wilshire neighborhoods, and it has several pending development projects slated for completion in the coming years. Future deferred maintenance costs are reduced by the fact that the subject property does not appear on the LADBS Seismic Retrofit List (Buyer to verify).
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 2.14 Gross Multiplier 21.13 Gross Operating Income 66252.00 Improvements Amount 221912 Land Value 443830 Laundry YN Yes Net Operating Income 30005.00 Special Listing Conditions Standard Total Expenses 34260.00 Zoning Lard1.5

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T16:33:30.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
     
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