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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21117889
Sold Date 10/01/21
HOA Y/N No
Year Built 1947
Lot Size 5,231 Sqft
Property Description
Marcus & Millichap is pleased to present 2814 Saturn Avenue a 7 unit investment property in Huntington Park, California. The property consists of two buildings on a single parcel- a fourplex and a triplex respectively. Four of the units are 1 bed/1 bath, two are 2 bed/1 bath, and one is a 2 bed/2 bath that used to function as two separate 1 bed/1 bath units years ago. Per the LA county assessor, the property is legally 8 units, but has been functioning as a 7 unit property. All of the units are separately metered for gas and electricity. The property also features surface parking and tuck under parking for each tenant. With rents currently 50% under market rate, this presents a great opportunity for a "value-add" investor to capture substantial upside in rental income by undergoing a rehab program to modernize the units and achieve market rent.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description Paved
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6322030013
Acceptable Financing Conventional
Listing Terms Conventional
Financing Private
Special Listing Condition Standard
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Bought with NONE NONE • None MRML