4517 1/2 Saturn Street

Los Angeles, CA 90019

$1,400,000
Price
8
Beds
2
Baths
3,956 Sq. Ft.
$354 / Sq. Ft.
3,956
Sq. Ft.
$354
per Sq. Ft.

Property Details for 4517 1/2 Saturn Street

StatusActive
MLS #19520078
Year Built1961
DOM3
Compass TypeMulti Family
MLS TypeResidential Income / Apartment Building
Lot Size0.16 AC / 7,000 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Roderick 'Rick' Raymundo

Marcus & Millichap

Rick.Raymundo@MarcusMillichap.com

P: 213.943.1855

M: 818.219.6146

DRE #01357019

Contact Agent(s)

Property Details for 4517 1/2 Saturn Street

Area
Mid Los Angeles (C16)
Parking Spaces Total
6
Pool
No
Cooling Type
Air Conditioning

Description

We are pleased to announce the sale of 4834 Saturn Street, a six-unit multifamily property located in the rapidly improving Mid-City district of Los Angeles, CA. A clear value-add opportunity, the building has rents that currently average only $1.39 per square foot. A new investor may be able to capitalize on the approximate 104% rent upside via strategic property upgrades that complement the recent developments and improvement in the neighborhood. Midtown Crossing, a recently completed 330,000 square... foot urban retail center, is within walking distance for tenants of the property, helping an investor to command higher rents. The Mid-City district is located south of the prime Miracle Mile and Mid-Wilshire neighborhoods, and it has several pending development projects slated for completion in the coming years. Future deferred maintenance costs are reduced by the fact that the subject property does not appear on the LADBS Seismic Retrofit List (Buyer to verify).

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Building Information for 4517 1/2 Saturn Street

Stories2Residences6Year Built1961Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$5,036 per month

30 year fixed, 3.51% Interest

Principal and Interest

$5,036

Property Taxes

HOA Dues

$0

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Property Information for 4517 1/2 Saturn Street

Property Features
    Interior Features
  • Heating: Other
  • Interior Features: Other
    Parking Info
  • Parking Features: Uncovered
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Driving Directions: Situated near the intersection of Venice Boulevard and La Brea Avenue, the property allows tenants convenient access to the 10 Freeway.
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Adjusted Gross Income: $64,264
  • Cap Rate: 2.14
  • Gross Operating Income: $66,252
  • Gross Rent Multiplier: 21.13
  • Net Operating Income: $30,005
    Expense Details
  • Expense Total Annual: $34,260
    Assessment Info
  • Assessed Improvement Value: $221,912
  • Assessed Land Value: $443,830
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Public Records
  • Lot Size SQFT: 7000
  • Tax Parcel Number: 5067009048
  • Zoning: LARD1.5
Structure Info
    Structure Info
  • Units Total In Complex: 6
  • Number Of Buildings: 1
  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Square Footage Source: Public Records
  • Total Floors: 2
  • Year Built: 1961
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $827
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 1.0
  • Unit Projected Total Monthly Rent 1: $6,980
  • Unit Total Monthly Rent 1: $3,310
  • Unit Type 1: 4.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $1,105
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 2.0
  • Unit Projected Total Monthly Rent 2: $4,290
  • Unit Total Monthly Rent 2: $2,211
  • Unit Type 2: 2.0
    Unit 3 Info
  • Unit Furnished 3: Partially
    Unit 4 Info
  • Unit Furnished 4: Partially
    Unit 5 Info
  • Unit Furnished 5: Partially
    Unit 6 Info
  • Unit Furnished 6: Partially
    Unit 7 Info
  • Unit Furnished 7: Partially
    Unit 8 Info
  • Unit Furnished 8: Partially
    Unit 9 Info
  • Unit Furnished 9: Partially
    Unit 10 Info
  • Unit Furnished 10: Partially
    Unit 11 Info
  • Unit Furnished 11: Partially
    Unit 12 Info
  • Unit Furnished 12: Partially
    Unit 13 Info
  • Unit Furnished 13: Partially

Property History for 4517 1/2 Saturn Street

DateEvent & SourcePriceAppreciation
Oct 12, 2019Listed (Active)

CARETS #19520078

$1,400,000
DateEvent & SourcePrice
10/12/2019
Listed (Active)

CARETS #19520078

$1,400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4517 1/2 Saturn Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Alta Loma Elementary SchoolPublicK-50.1 mi
2
St. Paul Elementary SchoolPrivateK-80.5 mi
NR
Johnnie Cochran, Jr., Middle SchoolPublic6-80.6 mi
2
Los Angeles Technology CenterPublic0.7 mi
NR

Alta Loma Elementary School

K-5, 0.1 mi, Public

2

St. Paul Elementary School

K-8, 0.5 mi, Private

NR

Johnnie Cochran, Jr., Middle School

6-8, 0.6 mi, Public

2

Los Angeles Technology Center

0.7 mi, Public

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

4517 1/2 Saturn Street is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 12, 2019 by Marcus & Millichap at $1,400,000. Nearby schools include Teach Academy Of Technologies, Math, Science, & Technology Magnet Academy At Roosevelt High and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 4517 1/2 Saturn Street is a 8-bed, 2-bath, 3,956 sqft multi-family home built in 1961.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019
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