1234 Saltair Avenue, Los Angeles, CA 90025
-
Listed Price :
$3,655,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1964
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 |
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 |
List Price |
$3,655,000 |
Status |
Active |
Type |
Residential Income |
Subtype |
Apartment |
Structure Size |
N/A |
Lot Size |
6,878 |
Year Built |
1964 |
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.