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 Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Listing Office:
Office Name: Rise Realty
Office Phone: (818) 445-4220
Listing Agent: Surin Poommai
Interior Features
Interior Information:
Appliances: Dishwasher, Electric Range, Gas Oven, Gas Range
Flooring Type: Carpet, Laminate, Tile
Interior: Block Walls, Storage, Unfurnished, Bedroom on Main Level
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Garage Space: 12 spaces
Parking: Assigned
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
University Senior High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Ralph Waldo Emerson Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Brockton Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: 405 Fwy south exit Wilshire Blvd West and left on South Saltire Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $3,655,000
Tax Information:
Annual Amount: $18,126
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.6M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR23191846
Listing Office:
Office Name: Rise Realty
Office Phone: (818) 445-4220
Listing Agent: Surin Poommai
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/7/2024, 10:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 25, 1991
Jul 25, 1991Home Sold
$885,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,126
$1,445,811
2020
$17,602
$1,430,987
2019
$17,449
$1,402,930
2018
$17,041
$1,375,422
2017
$17,041
$1,348,454
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Brockton Avenue Elementary School
1309 Armacost Ave
Distance between this listing and this school0.13 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school7.37 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.13 miles
Public Magnet Grades 1-5
Middle School
6
/10
Ralph Waldo Emerson Middle School
1650 Selby Ave
Distance between this listing and this school1.80 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school13.71 miles
Public District Grades 6-8
High School
5
/10
University Senior High School
11800 Texas Ave
Distance between this listing and this school0.30 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.35 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school14.50 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Brockton Avenue Elementary School
1309 Armacost Ave
Distance between this listing and this school0.13 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school7.37 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.13 miles
Public Magnet Grades 1-5
Assigned Schools
6
/10
Ralph Waldo Emerson Middle School
1650 Selby Ave
Distance between this listing and this school1.80 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school13.71 miles
Public District Grades 6-8
Nearby Schools
9
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.81 miles
Public District Grades 6-8
Assigned Schools
5
/10
University Senior High School
11800 Texas Ave
Distance between this listing and this school0.30 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.35 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school14.50 miles
The neighbors living near this home have an average income of $71,989. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1234 S Saltair Ave
What is the listing price of this property?
The listing price of 1234 S Saltair Ave property is $3,655,000.
What type of property is this?
The property 1234 S Saltair Ave is a condo located in Los Angeles, California, 90025.
Is this property for sale now?
Active Listing: 1234 S Saltair Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1234 S Saltair Ave are: Brockton Avenue Elementary School: GreatSchools Rating 7/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Ralph Waldo Emerson Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10University Senior High School: GreatSchools Rating 5/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $18,126 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 25, 1991 for $885,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1234 S Saltair Ave is 1964.
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This home is located at 1234 S Saltair Ave in Los Angeles, CA and zip code 90025 in the Sawtelle neighborhood. This home, which was built in 1964, sits on a 0.16 acre lot. It has been listed on Rocket Homes since October 15, 2023 and is currently priced at $3,655,000.
Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.