3 OUT 4 UNITS VACANT & REMODELED 6114 Saturn St
4 Unit Apartment Building $1,975,000 ($493,750/Unit) 5.28% Cap Rate Los Angeles, CA 90035
Investment Highlights
- Three Units Vacant that are Fully Remodeled with Central A/C and or A/C splits
- Owner User Opportunity - Live in one of the units and rent out the rest!
- Washer Dryer hook ups in the remodeled units
- On-site Parking
- 75% of the Units have Tank-less Water Heaters
- Prime Pico-Robertson Sub Market
Executive Summary
The Frydman Group, as the exclusive listing agent, is pleased to present for sale a 3 unit plus once legal ADU 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. Three out of 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 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 and or A/C splits.
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.
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 and or A/C splits.
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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $139,440 | $38.07 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $139,440 | $38.07 |
Taxes | $23,622 | $6.45 |
Operating Expenses | $11,540 | $3.15 |
Total Expenses | $35,162 | $9.60 |
Net Operating Income | $104,278 | $28.47 |
Property Facts
Price | $1,975,000 |
Price Per Unit | $493,750 |
Sale Type | Investment |
Cap Rate | 5.28% |
Gross Rent Multiplier | 14.16 |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Lot Size | 0.12 AC |
Building Size | 3,663 SF |
Average Occupancy | 0% |
No. Stories | 2 |
Year Built/Renovated | 1946/2024 |
Parking Ratio | 1.09/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 1 | - | - |
2+2 | 1 | - | - |
2+1 | 1 | - | - |
3+2 | 1 | - | - |
1 of 1
Walk Score®
Walker's Paradise (90)
zoning
Zoning Code | LARD1.5 |