NOT LISTED FOR SALE

2814 Saturn Ave Huntington Park, CA 90255

5 Beds
4 Baths
4,342 Sq Ft
5,233 Sq Ft Lot

Last Sold October 01, 2021

Last sale price $1,200,000 $276 Per Sq Ft

98 Days on Market

Highlights

  • Laundry Room
  • Linda Esperanza Marquez High School Rated A-
  • Paved or Partially Paved Lot

About This Home

As of October 2021

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.

Last Agent to Sell the Property

Jackson Jorgensen

Younglewin Advisors, Inc. License #02022727 Listed on: 06/01/2021

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,233 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 4,342 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 63
  • Assessor Parcel Number 6322030013

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,617
  • Professional Management Expense $3,376
  • Trash Expense $2,952
  • Water Sewer Expense $5,500
  • New Taxes Expense $17,981
  • Operating Expense $39,558
  • Gross Income $69,600
  • Net Operating Income $27,954

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 424-405-3837
  • Professional Management Expense: 3376.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5500.00
  • Property Type: Residential Income
  • Parcel Number: 6322030013
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 276.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2952.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 5233.00
  • Lot Size Acres: 0.1201

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 69600.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 2617.00
  • Lot Size Area: 5233.0000 Square Feet
  • Net Operating Income: 27954.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 39558.00
  • Rent Control: Yes
  • Total Actual Rent: 5800.00
  • Total Expenses: 39558.00
  • Vacancy Allowance: 2088
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17981.00
  • Tax Lot: 23
  • Tax Tract Number: 63

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $1,200,000 -11.1% $276 / Sq Ft
06/01/2021 06/01/21 For Sale $1,350,000 -- $311 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jackson Jorgensen

    Younglewin Advisors, Inc.

    (562) 318-0215

    3 in this area

    13 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    4 in this area

    5,793 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21117889

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Huntington Park 90255

2814 Saturn Ave, Huntington Park, CA

This home is located at 2814 Saturn Ave, Huntington Park, CA 90255 since 01 June 2021. This property was built in 1947. 2814 Saturn Ave is a home located in Los Angeles County with nearby schools including Miles Avenue Elementary School, Henry T. Gage Middle School, and Huntington Park Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes