17
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$1,700,000
Est. payment /mo
7 Beds
6 Baths
4,480 SqFt
Active
8536 Saturn ST Los Angeles, CA 90035
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,480 sqft
Price per Sqft $379
MLS Listing ID 25607103
Bedrooms 7
HOA Y/N No
Year Built 1956
Property Description
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 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. Can be sold together with 1043 S. Holt Ave 6-Unit - APN # 4332-024-029.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR3
Interior
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Appliance Oven, Refrigerator
Laundry None
Exterior
Parking Features Attached Carport, Carport
Pool None
View Y/N Yes
View City Lights
Total Parking Spaces 6
Private Pool No
Building
Faces North
Story 2
Entry Level Two
Sewer Other
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4303033007
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
Listed by Eric Sackler Coldwell Banker Realty
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