4703 Saturn Street

Description

Welcome to 4703 Saturn Street, a gorgeous Non Rent Controlled, High End Brand New 2026 Construction Six Unit 100% FULLY LEASED with an unheard of cap rate of 6.04% and some of the most incredible views from the entrance to the inside the units. The property produces a yearly gross income of $309,588 and a monthly gross income of $25,799! The property is located in the ultra trendy Mid-City area, just minutes from Culver City, West Adams and highly desirable area due to its centrality and walkability to coffee shops, grocery stores like Target, Sprouts, gyms, shops, entertainment district and many trendy restaurants. The building features an attractive unit mix of Four-3 bedrooms 3 baths, 1-5 bedroom 5 baths, and 1- 2 bedroom 2 bath. Each unit features efficient open floor plans with huge bedrooms, walk in closets, massive balconies and all units have a ton of natural light and 180 degree views from Century City and city. All the units features beautiful vinyl flooring with white cabinets, quartz white countertops, and clean sleek modern feel. Moreover, each unit has stainless steel appliances, washer and dryer in unit, designer Carrara shower tiles and each unit is separately metered for utilities to lower expenses for a buyer and easy to manage plus the property comes with 1 year builders warranty. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price and in the heart of Los Angeles. In addition, the luxury building is located just minutes from the Arts District, Helms Bakery, Cumulus which has the famous Whole Foods, Culver City Steps and Ivy Station, which is home to Apple, Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. The strong and ultra hot rent desirability and comps are being achieved in this neighborhood, largely due to the by the surrounding tech hubs, providing high-paying salary jobs. Mid-City overall is a very hot market, its centralized location makes it convenient to get all neighborhoods such as Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, Culver City, Westside/Beach cities or Downtown within minutes and much more. There is a recent sale comp of a fourplex that sold for $3,600,000 nearby, averaging $900k per door while 4701 Saturn is priced at $699,999 per unit, making this a very attractive deal. The neighborhood is surrounded brand new construction close by giving a modern, and nice vibrant feel to the area. This property has a ton of benefits, some of which are including long-term appreciation along with Depreciation benefits!