5955 Saturn Street is a 2019 construction architecturally significant 29-unit, mid-rise apartment building with a condominium tract map located in the desirable Faircrest Heights neighborhood of Los Angeles, California, just blocks from Beverly Hills. The property contains a modern four-story building with a flat roof. 5955 Saturn Street encompasses an ideal unit mix comprised of one one-bedroom unit measuring approximately 575 square feet, 16 two-bedroom units ranging between approximately 725 and approximately 1,175 square feet, and 12 three-bedroom units spanning approximately 1,377 square feet each, with an average unit size of approximately 1,208 square feet. Two units are designated for affordable housing.
5955 Saturn Street is an fully vacant new construction opportunity. We are offering property tours at different times and dates. Please contact Brent Sprenkle to arrange for one of the following dates, but please do not arrive without an appointment:
Property Tour Dates:
Monday, April 8th Wednesday, April 10th
Offer Due Date:
Please submit all offers on or before Thursday, April 11th at 5 PM
The property is located in the vibrant and extremely active Faircrest Heights neighborhood of Los Angeles. With a walk score of 86 (out of 100), the property is considered “Very Walkable” and residents are within 9 blocks to the border of Beverly Hills with dozens of patio cafes, restaurants, boutiques, art galleries, shops, hotels, and parks.
Ideal selection of spacious one, two and three bedroom units with condo quality finishes averaging over 1,200 square feet each. A modern architectural design with massive windows, the property offers best-in-class interior finishes including high ceilings, designer flooring, custom cabinetry, stainless steel appliances, quartz countertops, built-in storage space, in-unit washer/dryer and balconies or patios in select units. The intricate attention to detail and planning of the property provides residents with a superior living experience.
PROXIMITY TO EMPLOYMENT CENTERS
The community has excellent proximity to major employment centers including Downtown Los Angeles and Beverly Hills. Beverly Hills is home to more than 6,430 businesses, 53,670 employees, and over 11.2 million square feet of office space.
CONDOMINIUM DISPOSITION OPPORTUNITY
As the property will be delivered with a condominium tract map, a new owner will have the ability to lease the property as an apartment building, sell the units individually as condominiums, or have a plan to sell all or some of the units in the future. The property was designed to be condominiums with ample parking and a rec room that could be used for HOA meetings as well as extra sound insulation and a three-ply roof. The immediate market for condominiums is extremely strong and there is a lack of new product for sale, which would provide an enormous opportunity for a new owner who can capitalize on the insatiable demand for not only high end rentals as well as the option to sell units now or in the future. This flexibility makes the property a unique, multifaceted investment opportunity.
NUMBER OF UNITS
AVERAGE RESIDENTIAL UNIT SF
TOTAL RENTABLE SF
5955 Saturn Street, Los Angeles, CA 90035
Unit / Type
1 BR / 1 BA
2 BR / 1 BA
2 BR / 2 BA
3 BR / 2 BA
5955 Saturn Street is a newly constructed and architecturally significant 29-unit, mid-rise apartment/condominium community located in the desirable Faircrest Heights neighborhood of Los Angeles, California, just blocks from Beverly Hills. The property contains a modern four-story building with a flat roof. Situated on a corner lot at Saturn and Point View, 5955 Saturn Street encompasses an ideal unit mix comprised of one one-bedroom unit measuring approximately 575 square feet, 16 two-bedroom units ranging between approximately 725 and approximately 1,175 square feet, and 12 three-bedroom units spanning approximately 1,377 square feet each, with an average unit size of approximately 1,208 square feet. Two units are designated for affordable housing. The property is beautifully landscaped with tree-lined walkways, manicured grass areas, and built-in planter boxes filled with flowering plants and trimmed shrubs. Community amenities include a parking garage beneath the building, an elevator, recreation room, and a landscaped courtyard.
The property contains a recreation room/gym that is approximately 615 square feet and contains a rest room. This could be used for home owner's association (HOA) meetings, a fitness center, a leasing office or a tenant lounge. There is a full level of subterranean parking for approximately 57 vehicles that features a roll up garage door. Units are individually metered for gas and electricity and they are in-unit sub metered for water. A 16-camera security system has been installed.
5955 Saturn Street unit amenities are richly appointed with high-end finishes, and include:
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