BuySellBlogBrowse Listings

1246 S Saltair AvenueLos Angeles, CA 90025

For Sale

$2,795,000

Smart Buyer Rebate $27,950

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.

Listed by Jake Glaser

·

License #02128816

·

Lyon Stahl Investment Real Estate, Inc.

·

310-494-6368

Listed by Spencer Chan

·

License #02197531

·

Lyon Stahl Investment Real Estate, Inc.

Last updated October 07, 2025

·

Source: CRMLS #25597729

Listing Facts

  • TypeMulti-family
  • NeighborhoodWestgate
  • Bedrooms8
  • Days on Prevu55
  • Size4,320 sqft
  • Price per sqft$647

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/29/2025
Status changed to Active
$2,795,000
10/23/2025
Status changed to Removed from Feed
$2,795,000
10/07/2025
Price Increased
$2,795,000
09/25/2025
Listed by Lyon Stahl Investment Real Estate, Inc.
$2,450,000

Property Details for 1246 S Saltair Avenue

Exterior

Construction

  • Number Of Units Total: 8
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1958

Measurements

  • Building Area Total: 4,320
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,861
  • Lot Size Square Feet: 6,861
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.37
  • Gross Income: $198,132.00

Taxes

  • Parcel Number: 4263005053

Interior

Measurements

  • Living Area: 4,320

Rooms

  • Bathrooms Total Integer: 8
  • Bedrooms Total: 8

Parking

Parking

  • Open Parking Spaces: 7
  • Parking Features: Driveway, Uncovered
  • Parking Total: 7

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes

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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.