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Sold for $3,350,000
    • Listed by: Rise Realty • Surin Poommai • Contact: 866-344-7473
    Bought with: NONMEMBER MRML
    $3,350,000

    1234 S Saltair Ave, Los Angeles, CA 90025

    11beds
    11baths
    6,840sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $2,767,400 Zestimate®
    $490/sqft
    $4,561 Estimated rent

    Home value

    $2,767,400

    $2.46M - $3.10M

    $4,561/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Surin Poommai DRE #01354205 818-445-4220,

    Rise Realty

    Bought with:

    General NONMEMBER, DRE #02102303

    NONMEMBER MRML

    Source: CRMLS,MLS#: SR23191846MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 11
    Rooms
    • Room types: Bedroom
    Bedroom
    • Features: Bedroom on Main Level
    Heating
    • Natural Gas, Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Electric Range, Gas Oven, Gas Range
    • Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Block Walls, Storage, Unfurnished, Bedroom on Main Level
    • Flooring: Carpet, Laminate, Tile
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 6,840
    • Total interior livable area: 6,840 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Assigned
    • Garage spaces: 12
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: unknow
    • Pool features: None
    • Spa features: None
    • Fencing: Block,Brick
    • Has view: Yes
    • View description: None
    Lot
    • Size: 6,878 Square Feet
    • Features: 6-10 Units/Acre, Level
    Details
    • Parcel number: 4263005055
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Other
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Electric: Electricity - On Property, Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

    Community & HOA

    Community
    • Features: Street Lights, Gated
    • Security: Gated Community, Key Card Entry
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $490/sqft
    • Date on market: 10/15/2023
    • Cumulative days on market: 272 days
    • Listing terms: Cash,Cash to Existing Loan
    • Total actual rent: 209316
    • Tenant pays: Cable TV, Electricity, Gas
    • Road surface type: Alley Paved, Paved

    Price history

    DateEventPrice
    8/8/2024Sold$3,350,000-8.3%$490/sqft
    Source: CRMLS #SR23191846 Report a problem
    7/25/2024Pending sale$3,655,000$534/sqft
    Source: CRMLS #SR23191846 Report a problem
    7/16/2024Contingent$3,655,000$534/sqft
    Source: CRMLS #SR23191846 Report a problem
    4/11/2024Price change$3,655,000-5.9%$534/sqft
    Source: CRMLS #SR23191846 Report a problem
    2/5/2024Price change$3,885,000-2.6%$568/sqft
    Source: CRMLS #SR23191846 Report a problem
    10/15/2023Listed for sale$3,987,000$583/sqft
    Source: CRMLS #SR23191846 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Sawtelle

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    Estimated market value
    $2,767,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,767,400

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