4812 Saturn Street, Los Angeles, CA 90019

$2,250,000

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List Price
$2,250,000
Price Change
▼ $150,000 1790919595
Status
ACTIVE
MLS#
PW26193701
Year Built
2017
Lot Size
7,003
Acres
0.16
Lot Location
2-5 Units/Acre, Near Public Transit
Days on Market
29
Property Type
Multifamily
Style
Contemporary, Traditional
Property Sub Type
Quadruplex
Stories
Two Levels

Property 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 spacious floor plans, 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 layouts range from approximately 1,000 to 1,400 square feet, with the 4-bedroom unit offering the largest living space. The property totals approximately 5,263 square feet on a 7,000-square-foot lot, providing scale and strong rental appeal. 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. Ideally located in the heart of 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**

Additional Information

Appliances
Dishwasher, Gas Range, Refrigerator, Dryer, Washer
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
City Lights
Exterior Construction
Asphalt, Drywall, Stucco
Garage Spaces Total
4
Sewer
Unknown
Water
Public
Interior Features
Open Floorplan, All Bedrooms Down, Bedroom on Main Level, Primary Suite
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$13,700
Operating Expense
30000

Listing courtesy of Listing Agent: Azucena Carrillo (azu@soldbyazu.com) from Listing Office: Circle Real Estate.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.