Active

1234 S Saltair AVE

LOS ANGELES CA, 90025

$3,885,000


$567.98 per sqft

Active

11 Beds

6,840 sqft

Condo

Built in 1964

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. The total gross income per month is $17,443, the gross income per year is $209,316, and the laundry income is $ 2,700 per year. The monthly expenses, including gas for the boiler and laundry, are around $117.00 Frontier Internet is $42.00, trash is $296.00, LADWP water is around $284.00, property tax yearly is $ 19257 a yearly, and the insurance is estimated at around $ 7600 more or less.

SR23191846MR

MLS ID

October 13, 2023

Listed

February 15, 2024

Updated

Map

1234 S Saltair AVE
LOS ANGELES CA, 90025

Interior Features

Total Stories

2


Bedrooms

11 Beds


Appliances

Community, Dishwasher, Gas Dryer Hookup, Gas Or Electric Dryer Hookup


Laundry Description

Community, Gas Dryer Hookup, Gas Or Electric Dryer Hookup


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Wall

Exterior/Building Features

Lot Size

0.16 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Brentwood


Days on Market

113


Garage

Yes


Garage Spaces

13


Parking

Assigned


Parking Total

13


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3

Listing History

Date

Event

Price

2/7/2024

Price Change

$3,885,000

-3%

2/6/2024

Price Change

$3,885,000

-3%

Listed by with Rise Realty
Listing Contact: 818-445-4220 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ramey Ward | CA DRE# 01456908 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/15/2024

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