6114 Saturn St - Multi-Family FOR SALE


Los Angeles, CA 90035
$2,190,000 USD
310-300-4844
6114 Saturn St, Los Angeles, CA for Sale
$2,190,000 USD
Multi-Family - FOR SALE
1/18
null | 7.04% Cap Rate

6114 Saturn St
Los Angeles, CA 90035


HIGHLIGHTS

  • Four Units Vacant - 3 out of 4 Units Fully Remodeled
  • On-site Parking
  • Owner User Opportunity - Live in one of the units and rent out the rest!
  • 75% of the Units have Tank-less Water Heaters
  • Washer Dryer hook ups in the remodeled units

OVERVIEW

The Frydman Group, as the exclusive listing agent, is pleased to present for sale a 4 unit apartment complex located at 6114 Saturn Street, Los Angeles, CA 90035. The apartment complex is located south of Pico Blvd and East of South Crescent Heights. All four units are completely vacant creating instant upside potential for renting out the units. An investor can choose to rent the units out at market rent or take advantage of receiving very high rents by renting it out to Section 8 tenants through the Housing Authority of the City of Los Angeles (HACLA). The 4 units consists of three units plus one ADU. The two story apartment consists of one fully remodeled 3 bedroom/ 2 bathroom unit , two fully remodeled 2 bedroom/ 2 bathroom units, and one 2 bedroom/ 1 bathroom unit. With the exception of the one 2 Bedroom / 1 Bathroom Unit, the other three units have been fully remodeled and have washer dryer hook ups for convenient in unit laundry. Those updated units also come with Central A/C. The investment opportunity is also ideal for an owner user. Centrally located, it offers unparalleled convenience in one of LA's most desirable areas. Walking distance to a number of various amenities including, cultural attractions, shopping centers, employment opportunities, and spiritual centers. Pico-Robertson, located on the west side of Los Angeles, is a diverse and vibrant neighborhood known for its, thriving real estate market, rich cultural heritage, and close-knit community appeal. This thriving residential community offers a unparalleled and unique blend of urban convenience, various amenities, coupled with and a strong sense of a great community. Pico-Robertson has a diverse population that includes Korean, Jewish, Persian, and Latino communities, among others. This vibrant mix of cultures is reflected in the local businesses, cultural events, restaurants, and enables it to create a dynamic and inclusive atmosphere that celebrates its robust diversity. The neighborhood is home to an assortment of boutiques, shops and restaurants along Pico Boulevard, offering a diverse range of cuisines and shopping experiences.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$598 USD /SF

# OF UNITS

4

PRICE/UNIT

$547,500

CAP RATE

7.04%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Vacant Units- 3/4 Remodeled-Pico/La Cienega

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,403 SF

ZONING

LARD1.5

APN/PARCEL ID

5068-004-008

ASK ABOUT THIS PROPERTY

Meir Mark FrydmanFrydman Group - Keller Williams CommercialMore Info
310-300-4844

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Meir Mark FrydmanFrydman Group - Keller Williams CommercialMore Info
310-300-4844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.