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.
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.