1234 South Saltair Avenue
1234 South Saltair Avenue
Los Angeles, CA 90025
$3,655,000
Price
11
Beds
11
Baths
6,840 Sq. Ft.
$534 / Sq. Ft.
6,840
Sq. Ft.
$534
per Sq. Ft.
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...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.
- Listed by Surin Poommai • DRE #01354205 • Brokerage DRE #01957687 • Rise Realty • 818-445-4220
Property Details for 1234 South Saltair Avenue
View
None
Parking Spaces Total12
Private PoolNo
Cooling TypeWall/Window
Total Units9.0
Building TypeDetached
Lot Size SourceAssessor
Living Area6840
Location
Listing Courtesy of Rise Realty, Surin Poommai, DRE #01354205
Add your commute
LISTING UPDATED: 04/15/2024 01:52 AM
Property Details for 1234 South Saltair Avenue
| Status | Active |
|---|---|
| MLS # | SR23191846 |
| Days on Market | 197 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1964 |
| County | Los Angeles County |
Location
Listing Courtesy of Rise Realty, Surin Poommai, DRE #01354205
Add your commute
Building Information for 1234 South Saltair Avenue
Building/Complex1234 S Saltair AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-
Payment Calculator
$21,550 per month
30 year fixed, 7.25% Interest
Principal and Interest
$19,947
Property Taxes
$1,603
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1234 South Saltair Avenue
Rental Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
- Gross Income: $223,800
- Gross Scheduled Income: $223,800
- Vacancy Allowance: 0
- Vacancy Allowance Rate: 0
- Gross Operating Income: $223,788
- Net Operating Income: $184,935
- Laundry Income: $2,700
- Cap Rate: 5.24
Expense Details
- Operating Expense: $38,865
- New Taxes Expense: $19,257
- Fuel Expense: $1,440
- Insurance Expense: $9,588
- Professional Management Expense: $0
- Other Expense: $240
- Other Expense Description: 500
- Trash Expense: $4,500
- Water Sewer Expense: $3,340
- Total Expenses: $38,865
Tax / Assessment Info
- Tax Tract Number: 8038
- Tax Census Tract: 2674.06
- CFD/Mello-Roos Fee: $19,254
- Tax Lot: 33
Community / Development
Community / Development
- Accessibility Features: None
- Disability Access: None
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Street Lights
Property / Structure Info
Interior Features
- Appliances: Dishwasher, Gas & Electric Range, Gas Oven
- Equipment: Community, Dishwasher, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
- Interior Features: Block Walls, Storage, Unfurnished
- Room Type: Main Floor Bedroom
- Bedroom Features: Main Floor Bedroom
- Laundry: Yes
- Laundry Features: Community, Gas & Electric Dryer Hookup, Gas Dryer Hookup
- Laundry Equipment Own Lease: Own
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Wall/Window Unit(s)
- Heating Type: Natural Gas, Wall
- Heat Source: Natural Gas
- Heating: Natural Gas, Wall Furnace
- Flooring: Carpet, Laminate, Tile
Exterior Features
- Security Features: Card/Code Access, Gated Community
- Security: Gated Community
- Roof: Other
- Entry Location: unknow
- Fence: Yes
- Fencing: Block, Brick
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
Land/Lot Info
- Lot Features: 6-10 Units/Acre, Level
- Number Of Units: 9
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Alley Paved, Paved
- Road Frontage Type: City Street
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
- Electric: Electricity - On Property, Standard
- Water Source: Public
Parking Info
- Garage Spaces: 12
- Parking: Yes
- Parking Garage: Assigned
- Parking Garage Spaces: 12
- Carport Spaces: 0
- Parking Features: Assigned
Unit Information
Unit 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,875
- Unit Type Total Rent: $1,875
- Unit Type Pro Forma: 1950
- Unit Type Type: 1
Unit 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,867
- Unit Type Total Rent: $1,867
- Unit Type Pro Forma: 2650
- Unit Type Type: 2
Unit 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,250
- Unit Type Total Rent: $2,250
- Unit Type Pro Forma: 1950
- Unit Type Type: 3
Unit 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,350
- Unit Type Total Rent: $2,300
- Unit Type Pro Forma: 1950
- Unit Type Type: 4
Unit 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,444
- Unit Type Total Rent: $2,444
- Unit Type Pro Forma: 2650
- Unit Type Type: 5
Unit 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,768
- Unit Type Total Rent: $1,768
- Unit Type Pro Forma: 1950
- Unit Type Type: 6
Unit 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,872
- Unit Type Total Rent: $1,872
- Unit Type Pro Forma: 1950
- Unit Type Type: 7
Unit 8
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,375
- Unit Type Total Rent: $2,375
- Unit Type Pro Forma: 1950
- Unit Type Type: 8
Unit 9
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,674
- Unit Type Total Rent: $1,674
- Unit Type Pro Forma: 1950
- Unit Type Type: 9
Unit Information
- Number Of Units Leased: 9
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 9
- Number Of Separate Gas Meters: 9
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 2
- Number With Range: 9
- Number With Refrigerator: 9
- Number With Disposal: 9
- Number With Patio: 2
Property History for 1234 South Saltair Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1234 South Saltair Avenue
Taxable ValueLand$679,875Additions$824,344Total$1,504,219
Tax Record2023$19,237 ($1,603 / month)
Home Facts
Total Finished SqFt6,840 SqFtAbove Grade Finished SqFt6,840 SqFtLot Size6,875 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN4263-005-055
Schools near 1234 South Saltair Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Charter - | 6 to 8 | |||
| Charter - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Brockton Avenue Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
University Senior High School Charter Charter9 to 12 | ||
South Shores/Csudh Visual And Performing Arts PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Rise Realty, Surin Poommai, DRE #01354205
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.