27
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$2,450,000
Est. payment /mo
8 Beds
8 Baths
4,320 SqFt
New
1246 S Saltair AVE Los Angeles, CA 90025
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $567
MLS Listing ID 25597729
Bedrooms 8
HOA Y/N No
Year Built 1958
Lot Size 6,860 Sqft
Property Description
1246 S Saltair Avenue is a charming 8-unit multifamily property located in the heart of West Los Angeles, adjacent to Brentwood. One renovated unit will be delivered VACANT at close of escrow. Built in 1955/1958, the property consists of two separate structures, each containing four one-bedroom, one-bathroom units averaging 540 square feet each. A thoughtfully designed courtyard connects the two buildings, creating a central community garden for residents. The property benefits from a series of recent capital improvements that enhance both livability for tenants and long-term stability for ownership. Five of the eight units have been remodeled within the past three years including new wall heaters, one unit in the front structure includes a mini-split HVAC system, and all 8 units are equipped with their own separate water heater. The drain lines were replaced under the back building and a new sewer main line was installed. Plus there have been electrical panel upgrades for every unit, new dual-pane vinyl windows installed throughout, and a full exterior repaint was completed last year. Additional amenities include seven dedicated parking spaces: five uncovered at the rear and one on each side of the front of the property, along with a building-owned on-site laundry facility that provides convenience for residents while generating supplemental income for ownership. The property is ideally located in a highly sought-after West Los Angeles neighborhood. Residents enjoy close proximity to Sawtelle Japantown, known for its diverse dining options including Tsujita LA Artisan Noodle, Daikokuya, and Sushi Tsujita, along with a variety of boutique shops and cafes. The property is also minutes from Westfield Century City, cultural attractions such as the Hammer Museum and UCLA, and just a short drive to the beaches of Santa Monica. With direct access to Century City, Beverly Hills, and Santa Monica employment hubs, as well as convenient transportation options via the I-405 and Metro Expo Line, the property is well positioned to attract strong and stable tenant demand. With its prime Westside location, extensive recent upgrades, and strong area fundamentals, 1246 S Saltair Avenue presents investors with the opportunity to acquire a well-maintained, cash-flowing asset in one of Los Angeles' most desirable rental submarkets.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Driveway, Uncovered
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4263005053
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc.
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