1246 S Saltair Ave, Los Angeles, CA 90025

Sep 22

Written By Jake Glaser

8 Units in Prime West LA | Extensively Upgraded w/ 1 Vacant

Download Offering Memorandum

$2,795,000

Property Highlights

8-units in an ultra prime Brentwood adjacent location
Two separate structures with classic mid-century charm
Unit mix consists of (8) 1BR/1BA units
Laundry room on-site brings in additional cash flow
Units have undergone tasteful unit renovations including hardwood floors and mini-split HVAC systems
Close to Santa Monica Beach, UCLA, Westwood Village, and major employers in Century City
Building upgrades include new sewer and drain lines, updated electrical, new windows, new wall heaters & new exterior paint
Parking can accommodate 7 vehicles with 5 uncovered spaces in the rear and 2 in the front

The Opportunity

The Glaser Group is pleased to present 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.