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. Seismic retrofit plans have already been approved by the City and will be included in the sale,providing a clear path to compliance for the next owner. 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
Courtesy of Coldwell Banker Realty 310-820-6651
Listing Snapshot
Days Online
0
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
$1.93M
+13%
(avg) sold price
7
0%
homes sold
64
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
None
Appliances & Equipment
Oven, Refrigerator, Range/Oven
Building
4,480 sq ft, Built in 1956, Levels: Two, Attached, Mid-Century
Cooling
Wall Unit(s)
Disclosures
As Is, Rent Control, Property Report
Fireplaces
None
Floors
Mixed
Garage
Carport Attached, Carport
Water Features
Water: Public
Heating
Wall
Laundry
None
Lot
LotAcreage: 0.1378, LotSizeArea: 6,000, Sidewalks, Street Asphalt, Street Lighting, Lot-Level/Flat, City
Miscellaneous
None
Parking
TotalParking: 6
Pool
PoolYN: False, None
Property
NumberOfUnits: 6, ViewDescription: City, ViewYN: 1, Zoning: LAR3
Sewer
In Street
Spa
Has spa, None
Utilities
Gas
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