1234 S Saltair Avenue Los Angeles, CA 90025

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.