1246 S Saltair Ave

Los Angeles, CA 90025

$2,795,000
Price
8
Beds
8
Baths
4,320 Sq. Ft.
$647 / Sq. Ft.
4,320
Sq. Ft.
$647
per Sq. Ft.
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a kitchen with a sink cabinets and window
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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...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.
  1. Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Spencer Chan • DRE #02197531 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1246 South Saltair Avenue

Zoning
LAR3
Parcel Number
4263005053
Total Units
8.0
Living Area
4320
Source Living Area
Vendor Enhanced
Area
West Los Angeles (WLA)
Vacancy Rate
1
Lot Size Area
6861
LISTING UPDATED: 11/27/2025 09:11 AM

Property Details for 1246 South Saltair Avenue

StatusActive
MLS #25597729
Days on Market81
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.16 AC / 6,861 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816; Lyon Stahl Investment Real Estate, Inc., Spencer Chan, DRE #02197531
Add your commute

Building Information for 1246 South Saltair Avenue

Stories2Residences-Year Built1958Building Size-Lot Size0.16 AC / 6,861 SF

Payment Calculator

$15,516 per month

30 year fixed, 6.28% Interest

Principal and Interest

$13,811

Property Taxes

$1,705

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1246 South Saltair Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1+1
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $195,333
  • Net Operating Income: $122,823.00
  • Gross Income: $198,900
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: $14.05
  • Total Annual Expense: 72510
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1575
  • Lot Size Square Feet: 6861
Parking Details
Parking Details
  • Parking Garage: Uncovered, Driveway
  • Total Parking: 7
  • Open Other Spaces Total: 7
  • Parking Features: Uncovered, Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Air Conditioning
  • Cooling Type: Air Conditioning
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-29-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,993.00
  • Unit Actual Rent: $1,993.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,982.00
  • Unit Actual Rent: $1,982.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,490.00
  • Unit Actual Rent: $1,490.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,996.00
  • Unit Actual Rent: $1,996.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,214.00
  • Unit Actual Rent: $2,214.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $916,555.00
  • Assessed Improvement Percent: 57.15
  • Assessed Land Value: $687,135.00
  • Assessed Land Percent: 42.85
  • Assessed Total Value: $1,603,690.00

Property History for 1246 South Saltair Avenue

DateEvent & SourcePriceAppreciation
Oct 7, 2025

Price Change

CRMLS #25597729

$2,795,000—
Oct 7, 2025

Price Change

CLAW #25597729

$2,795,000—
Sep 25, 2025

Listed (Active)

CRMLS #25597729

$2,450,000—
Sep 25, 2025

Listed (Active)

CLAW #25597729

$2,450,000—
DateEvent & SourcePrice
10/07/2025

Price Change

CRMLS #25597729

$2,795,000
10/07/2025

Price Change

CLAW #25597729

$2,795,000
09/25/2025

Listed (Active)

CRMLS #25597729

$2,450,000
09/25/2025

Listed (Active)

CLAW #25597729

$2,450,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1246 South Saltair Avenue

Taxable ValueLand$700,877Additions$934,886Total$1,635,763
Tax Record2025$20,463 ($1,705 / month)
Home Facts
Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtLot Size6,875 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR3CountyLOS ANGELESAPN4263-005-053

Schools near 1246 South Saltair Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Brockton Avenue Elementary School
Public - K to 5
Emerson Community Charter School
Charter - 6 to 8
University Senior High School Charter
Charter - 9 to 12
Citizens of the World Charter School Mar Vista
Charter - K to 8
Rating
School
Distance
Brockton Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

Citizens of the World Charter School Mar Vista
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1246 South Saltair Avenue, Los Angeles, CA 90025

1246 South Saltair Avenue is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on September 25, 2025 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,795,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Brockton Avenue Elementary School, Emerson Community Charter School and University Senior High School Charter. 1246 South Saltair Avenue is a 8-bed, 8-bath, 4,320 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816; Lyon Stahl Investment Real Estate, Inc., Spencer Chan, DRE #02197531

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.