Property listed by Coldwell Banker Realty, Eric Sackler 310-820-6651
$1,700,000
8536 Saturn Street presents a rare opportunity to acquire a six-unit multi-family asset in the highly desirable Pico-Robertson neighborhood of Los Angeles. Priced at $1,700,000, the property offers anattractive blend of immediate income and long-term value-add potential. Three units will be delivered vacant at close of escrow, allowing investors or… Read More owner-users to reposition the property and achievemarket rents quickly. Once vacant units stabilizes, the asset is projected to operate at an approximate 5.12% CAP rate and 11.70 GRM. Upside potential presents proforma CAP rate at 8.47% and 8.24 GRM! Originally built in 1956 and offered for the first time by the original builder's family, this legacy property combines mid-century character with a proven income profile. The 4,480-square-footbuilding sits on a 6,000-square-foot lot and features a desirable unit mix of five 1-bedroom + 1-bathunits and one 2-bedroom + 1-bath unit, well-suited to the strong rental demand in the area. Ideally situated just south of Pico Boulevard and west of La Cienega, 8536 Saturn Street offers exceptional access to major employment centers and lifestyle amenities. Tenants enjoy proximity to Beverly Hills, Century City, Culver City, and West Hollywood, as well as easy connections to the10 Freeway and Metro E Line. The property is walkable to an array of neighborhood conveniences, including popular cafes, restaurants, and markets along Pico and Robertson Boulevards, making it ahighly desirable rental location for professionals and families alike. 8536 Saturn Street represents a rare opportunity to acquire a well-located, generational West Los Angeles asset with multiple avenues for future growth. The property is being presented in as-is condition, with three tenants currently in place & 3 unit delivered vacant Read Less
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
7
Square Ft.
4,480
Lot Size
0.14 Acres
Year Built
1956
MLS Number
25607103
30 Days Snapshot Of 90035
$1.79M
-17%
(avg) sold price
3
-62%
homes sold
72
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven, Refrigerator
Building
Built in 1956, Building area total: 4,480, Levels: Two, Living area: 4480, 2 stories, 1 building, Architectural style: MidCenturyModern, Attached, Common walls: OneCommonWall
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $145,289, Net operating income: $87,059
Laundry
None
Lot
0.1377 acres, 6,000 square feet, Size: 6,000
Parking
6 totals parking, AttachedCarport, Carport
Pool
None
Property
Zoning: LAR3, CityLights
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Spa
None
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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