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Multifamily

Saturn Apartments

2814 Saturn Ave, Huntington Park, CA 90255

Listing Price: $1,350,000

Cap Rate
2.07%
Number of Units
7
Occupancy
97.0%
Price/Unit
$192,857
Price/Gross SF
$312.21
Gross SF
4,324

Investment Overview

Marcus & Millichap is pleased to present 2814 Saturn Avenue, a 7 unit investment property in Huntington Park, California. The property is located between Miles Avenue and Templeton Street. The property is in an ideal location with quick access to the 105, 5, and 710 Freeways. The property is walking distance from shopping and restaurants on Florence Avenue. 2814 Saturn Avenue consists of three 1 bedroom 1 bathroom units, two 2 bedroom 1 bathroom units, one 2 bedroom 2 bathroom unit, and one studio unit. All of the units are separately metered for gas and electricity. The property also features surface parking and tuck under parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash ?ow in a strong rental market with the potential to capture upside in rents

Investment Highlights

  • Approximately 50% upside on current rents to market rate
  • Legally 8 units per LA County Assessor- The 2 Bed/2 Bath unit used to function as two one bedroom units
  • 7 Surface parking spaces

Exclusively Listed By

Listing Price: $1,350,000

Cap Rate
2.07%
Number of Units
7
Occupancy
97.0%
Price/Unit
$192,857
Price/Gross SF
$312.21
Gross SF
4,324

Investment Highlights

  • Approximately 50% upside on current rents to market rate
  • Legally 8 units per LA County Assessor- The 2 Bed/2 Bath unit used to function as two one bedroom units
  • 7 Surface parking spaces

Investment Overview

Marcus & Millichap is pleased to present 2814 Saturn Avenue, a 7 unit investment property in Huntington Park, California. The property is located between Miles Avenue and Templeton Street. The property is in an ideal location with quick access to the 105, 5, and 710 Freeways. The property is walking distance from shopping and restaurants on Florence Avenue. 2814 Saturn Avenue consists of three 1 bedroom 1 bathroom units, two 2 bedroom 1 bathroom units, one 2 bedroom 2 bathroom unit, and one studio unit. All of the units are separately metered for gas and electricity. The property also features surface parking and tuck under parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash ?ow in a strong rental market with the potential to capture upside in rents

Exclusively Listed By

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