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1234 Saltair Avenue
Los Angeles, CA 90025
Sold
1234 Saltair Avenue
Los Angeles, CA 90025
Sold
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.
PROPERTY INFORMATION
| MLS # | SR23191846 | Lot Size | 6,878 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 3,655,000
Price Per SqFt: $ 534 |
DOM | 565 Days |
| Address | 1234 Saltair Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 6,840 Sq. Ft. |
| Postal Code | 90025 | Garage | 9 |
| County | Los Angeles | Year Built | 1964 |
| Bed / Bath | 11 / 0 | Parking | 12 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2024-08-08 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, Gas & Electric Dryer Hookup, Gas Dryer Hookup |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas & Electric Range, Gas Oven |
| Has Heating | Yes |
| Heating Information | Natural Gas, Wall Furnace |
| Room Information | Main Floor Bedroom |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Carpet, Laminate, Tile |
| InteriorFeatures Information | Block Walls, Storage, Unfurnished |
| EntryLocation | unknow |
| Entry Level | 2 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Card/Code Access, Gated Community |
EXTERIOR FEATURES
| Roof | Other |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block, Brick |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,899
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/25/2024 | Pending | $3,655,000 |
| 04/11/2024 | Price Change | $3,655,000 (-5.92%) |
| 02/05/2024 | Price Change | $3,885,000 (-2.56%) |
| 10/15/2023 | Listed | $3,987,000 |
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Listing provided courtesy of Surin Poommai, Rise Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
