1234 S Saltair Avenue, Los Angeles, CA 90025

  • $3,655,000
  • $534
1234 S Saltair Avenue, Los Angeles, CA 90025
  • Residential Income
  • Property Type
  • 12.00
  • Garages
  • 1964
  • Year Built
For Sale
1234 S Saltair Avenue, Los Angeles, CA 90025
  • $3,655,000
  • $534

Overview

Property ID: SGR-15926809
  • Residential Income
  • Property Type
  • 12.00
  • Garages
  • 1964
  • Year Built

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.

  • Address 1234 S Saltair Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90025
  • Area C06 - Brentwood
  • Country United States

Details

Updated on May 5, 2024 at 6:20 pm
  • Property ID: SGR-15926809
  • Price: $3,655,000
  • Land Area: 6878.00 m²
  • Garages: 12.00
  • Year Built: 1964
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 6840.00
  • MLS#: SR23191846
  • Office Name: RISE REALTY
  • Agent Name: Surin Poommai
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01354205
  • IDX Contact Info: 818-445-4220

Additional details

  • Roof: Other
  • View: None
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas,Wall Furnace
  • Flooring: Carpet,Laminate,Tile
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 12.00
  • Water Source: Public

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