NOT LISTED FOR SALE

1553 S Saltair Ave Los Angeles, CA 90025

Sawtelle Neighborhood
8 Beds
5 Baths
3,659 Sq Ft
5,499 Sq Ft Lot

Last Sold April 29, 2019

Last sale price $2,190,000 $599 Per Sq Ft

15 Days on Market

About This Home

As of April 2019

Delivered Vacant! First time on the market, highly coveted 5-unit traditional walk-up Sawtelle apartment building. Central location nestled between Brentwood, Westwood, and Santa Monica. Lucrative unit mix consisting of Three - 2bd/1ba units and Two - 1bd/1ba units. Building has a pitched roof. Units have been well maintained over the years. Extraordinary upside potential. R3 Lot . Opportunities like this are rare and hard to come by. Please do not disturb tenants.

Last Agent to Sell the Property

Fernando Jaramillo

Cal Mutual License #01317271 Listed on: 03/10/2019

Last Buyer's Agent

Mojgan Manavi

Sunset Plaza Properties License #01029406

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,499 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,659 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Laundry Room
  • Urban Location
  • Private Water Source

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 2675
  • Assessor Parcel Number 4263036011

Community Details

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,900
  • Fuel Expense $1,472
  • Insurance Expense $3,641
  • Professional Management Expense $625
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $27,250
  • Operating Expense $39,088
  • Gross Income $151,200
  • Net Operating Income $112,112

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Professional Management Expense: 625.00
  • Property Attached: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4263036011
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 598.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Private, Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5499.00
  • Lot Size Acres: 0.1262

Multi Family

  • Electric Expense: 1900.00
  • Fuel Expense: 1472.00
  • Gross Income: 151200.00
  • Gross Scheduled Income: 151200.00
  • Insurance Expense: 3641.00
  • Lot Size Area: 5499.0000 Square Feet
  • Net Operating Income: 112112.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 39088.00
  • Rent Control: Yes
  • Total Actual Rent: 12600.00
  • Total Expenses: 39088.00

Tax Info

  • New Taxes Expense: 27250.00
  • Tax Census Tract: 2675.02
  • Tax Lot: 15
  • Tax Tract Number: 2675

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2019 04/29/19 Sold $2,190,000 +0.5% $599 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/10/2019 03/10/19 For Sale $2,180,000 -- $596 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2019

    Fernando Jaramillo

    Cal Mutual

    (626) 991-4252

    27 Total Sales

    Fernando Jaramillo
    Section Image

  • M

    Buyer's Agent in 2019

    Mojgan Manavi

    Sunset Plaza Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19053460

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90025 Sawtelle

1553 S Saltair Ave, Los Angeles, CA

This home is located at 1553 S Saltair Ave, Los Angeles, CA 90025 since 10 March 2019. This property was built in 1958. 1553 S Saltair Ave is a home located in Los Angeles County with nearby schools including Brockton Avenue Elementary School, Daniel Webster Middle School, and New West Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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