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1246 S Saltair Ave
Los Angeles, CA 90025 West Los Angeles

$2,795,000 USD

Apartments For Sale  •  4,320 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,320 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 4.39 %
  • Zoning LAR3
64 Transit Score
86 Walk Score

Highlights

8-units in an ultra prime Brentwood adjacent location. Two separate structures with classic mid-century charm.
Mix consists of (8) 1BR/1BA units; 4 units per building. Laundry room on-site brings in additional cash flow.
5 of 8 units have undergone tasteful unit renovations including hardwood floors, updated kitchens and bathrooms, new wall heaters, and interior paint.
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 & exterior painting, and one of the units has a mini-split HVAC.
Parking can accommodate 7 vehicles with 5 uncovered spaces in the rear and 2 in the front.
Cap Rate: 4.39 %

Major Tenants

Tenant SF Occupied Lease End Date
1246 S Saltair Ave

Public Transportation

AirportDriveWalkDistance
Los Angeles International 18 min - 10.8 mi
Bob Hope 30 min - 19.1 mi
Long Beach (Daugherty Field) 37 min - 28.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate