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$1,875,000

Beds
10
sq ft
5,625

6127 Saturn St, Los Angeles, CA 90035

6127 Saturn St

Los Angeles, CA 90035

  • 150 days on market
    • Price drop $225,000↓
Welcome to 6127 Saturn St: Located in the heart of Los Angeles this multi-family/rental income property offers an excellent investment /redevelopment opportunity. With 10 bedrooms, 8-bathrooms the property has approximately 5,625 square feet of livable space. The property is situated in the vibrant Pico-Robertson area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Upgrades include soft-story EQ retrofit, copper plumbing, electrical box, double-pane windows, and EQ gas shut-off valves. Inside the units, wood flooring can be found beneath the carpets and there are durable laminate surfaces. The property also features a communal laundry room, and each unit has a storage space under the carport. Current rents are below market rates, presenting a significant upside potential for the discerning investor.

Details

Property type

Lot size

6,001 sq ft

Price per sq ft

$334

Year built

1956

HOA

No

Price History

06/25/2024
CLAW

CLAW #24382393

Price change
$1,875,000
-10.71%
04/23/2024
CLAW

CLAW #24382393

Listed
$2,100,000
04/04/2024
CRMLS

CRMLS #BB23186109

Removed
$2,100,000

Schools & Community

Neighborhood: 

Pico-Robertson

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Glade Family Trust

Loan start date

July 2022

Original loan amount

$640,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Commercial, 20 year

Seller

Erick Singe

Lender

The Pleskus Family Trust

Loan start date

March 2021

Original loan amount

$355,000

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Commercial, 5 year

Seller

Erick Singe

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 1:40 AM

Listing updated: 09/03/2024 at 6:42 PM

Listed by: Samantha Binah, Coldwell Banker Realty Phone #: (310) 457-6550

MLS: CLAW #24382393

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