1234 Saltair Avenue

Los Angeles, CA 90025

$3,655,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $534 / sqft

1964

calendar_month Built

Property Description

Rare investment opportunity for investors. This property is on the market for the first time after 32 years of ownership. The well-maintained 9-unit 2-story apartment with low operation costs is situated conveniently near 405 Fwy, I-10, UCLA, and Santa Monica Beach. This apartment has two entrances from the front gate and back gate very easy to access the building. The first floor consists of 4 units, and the second floor has 5 units with separate gas and power meters for each unit. The property is on an easy-to-access street; each unit provides a 2-car parking garage with private storage to keep personal belongings, and a community laundry room on the first floor. Also, this property has an extra bathroom and storage room for the owner to use when on duty. The 9-unit apartment consists of 2 units with 2 beds and 2 baths for each unit, 7 units have 1 bed and 1 bath for each unit. On May 1, 2024 rent increased by 4%, the total gross income estimated per month is $18,425.00. Rent Income Per Year $221,100.00, + laundry income $ 2,700 per year. Total $ 223,800.00 a year. Yearly expenses: Estimated is approximately total of $ 38,865.00 a year. ( $ 1,440.00 for gas in laundry, $ 500 for Frontier internet Intercom front door,$240.00 internet for security camera, $ 4,500.00 for trash, $3,340.00 for water and power in laundry room, $ 19,257.00 property tax, $ 9,588.00 Insurance). Tenant pay their own gas and power, landlord pay water.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Carpet, Laminate, Tile
Fireplace Information
Features None
Interior Information
Features Block Walls, Storage, Unfurnished
Cooling Type Wall/Window Unit(s)

Listing Information

Address 1234 Saltair Avenue
City Los Angeles
State CA
Zip 90025
County Los Angeles
Listing Agent Surin Poommai DRE#01354205
Courtesy Of Rise Realty
MLS SR23191846
List Price $3,655,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 6,878
Year Built 1964
DOM 225

Exterior Information

Maps

Listing information courtesy of: Surin Poommai, Rise Realty . *Based on information from the Association of REALTORS/Multiple Listing as of May 27th, 2024 at 6:44 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.