Price Reduced Listing
4816 Saturn Street,Los Angeles, CA 90019
Los Angeles, CA 90019
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 a spacious unit mix, 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 floor plans range from approximately 1,000 to 1,400 square feet, totaling approximately 5,263 SF on a 7,000 SF lot. 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. The property is surrounded by ongoing development and is positioned near notable comparable sales, supporting the area's continued investment and rental demand. Ideally located in 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
Details
| MLS # | PW26087675 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2017 |
| Days On Site | 171 |
| Listing Provided By | Circle Real Estate | Azucena Carrillo |
Features
| SQ Feet | 5,263 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.16 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Open Floorplan, All Bedrooms Down, Bedroom On Main Level, Primary Suite |
| Appliances | Dishwasher, Gas Range, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Security Features | Security Gate, Gated Community |
|---|---|
| Construction Materials | Asphalt, Drywall, Stucco |
| Foundation Details | Slab |
| Lot Features | Two To Five Units Acre, Near Public Transit |
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Electric | Standard |
| Sewer | Unknown |
Location
| Community Features | Street Lights, Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $2,250,000 low | high Med: $1,792,500 sqft: 5,263 low | high Med: 5,522 $ / sqft: $428 low | high Med: $335 On site: 171 low | high Med: 95.5 | |
Market Activity 90019
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $2,250,000 low | high Med: $1,792,500 sqft: 5,263 low | high Med: 5,522 $ / sqft: $428 low | high Med: $335 On site: 171 low | high Med: 95.5 | |
 | $2,400,0004812 Saturn StreetLos Angeles, CA 90019 |