Residential Income - 4816 Saturn Street, Los Angeles, CA

Description

NEW PRICE — $2,250,000! Excellent opportunity to acquire a 2017-built, non-rent-controlled fourplex in the high-demand Mid-City submarket of Los Angeles. The property offers newer construction, strong in-place rental income, separately metered utilities, and a spacious unit mix, providing an attractive investment opportunity at a newly reduced price point. The property features an attractive unit mix consisting of two 3-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and one 2-bedroom, 2-bath unit. Spacious floor plans range from approximately 1,000 to 1,400 square feet, totaling approximately 5,263 SF on a 7,000 SF lot. Each unit features: -In-unit washer/dryer -Stainless steel appliances -HVAC -Open floor plans with large bedrooms -Separate utility metering At approximately $428/SF, the new price provides investors with a competitive basis relative to replacement cost, while offering the benefits of an existing income-producing asset without the risks and timelines associated with new development. The property is surrounded by ongoing development and is positioned near notable comparable sales, supporting the area's continued investment and rental demand. Ideally located in Mid-City, the property offers convenient access to major employment centers, retail, dining, entertainment, and some of Los Angeles' most sought-after destinations, including the Arts District, Helms Bakery District, Cumulus, Culver City, Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, the Westside, and Downtown Los Angeles. Nearby employers and institutions include Apple, Amazon Studios, Sony Pictures, HBO, and Beats Electronics. Residents also enjoy convenient access to grocery stores, gyms, coffee shops, restaurants, retail, and entertainment. The central location provides excellent connectivity throughout Los Angeles and contributes to strong rental appeal. The property also presents an opportunity for owner-occupants, with the potential to live in one unit while generating rental income from the remaining units. Financing options may include FHA and conventional residential financing, subject to buyer and lender qualifications. With private on-site parking, separately metered utilities, newer construction, and strong rental appeal, this fourplex offers an attractive opportunity for investors and owner-occupants alike. NEW PRICE: $2,250,000

Property details

Location

4816 Saturn Street • Los Angeles, CA 90019

More homes for sale and rent in Los Angeles, CA →

Listed by

Azucena Carrillo · Circle Real Estate