1234 S Saltair Avenue Los Angeles, CA 90025
Listing Courtesy of: CRMLS / Century 21 Peak / Surin Poommai - Contact:  818-445-4220

  1234 S Saltair Avenue Los Angeles, CA 90025

Sold (272 Days)
$3,350,000
6,840
SQFT
See Similar Listings

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.

MLS #:
SR23191846
Lot Size
6,878 SQFT
Type
Multifamily
Year Built
1964
County
Los Angeles County

Listed By

Surin Poommai, DRE #01354205 CA, Century 21 Peak, Contact: 818-445-4220
Bought with
General Nonmember, Nonmember Mrml
Source
CRMLS
Last checked Nov 21 2024 at 7:57 AM PST
Bathroom Details
Interior Features
  • Unfurnished
  • Dishwasher
  • Storage
  • Bedroom on Main Level
  • Block Walls
  • Gas Oven
  • Laundry: Gas Dryer Hookup
  • Laundry: Common Area
  • Gas Range
  • Laundry: Electric Dryer Hookup
  • Electric Range
Lot Information
  • Level
  • 6-10 Units/Acre
Heating and Cooling
  • Wall Furnace
  • Natural Gas
  • Wall/Window Unit(s)
Flooring
  • Carpet
  • Tile
  • Laminate
Exterior Features
  • Roof: Other
Utility Information
  • Utilities: Water Source: Public, Natural Gas Connected, Electricity Connected, Water Connected, Natural Gas Available, Sewer Available, Phone Available, Sewer Connected, Water Available, Electricity Available
  • Sewer: Public Sewer
Parking
  • Assigned
Stories
  • 2
Additional Information: Peak | 818-445-4220
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.