9 UNITS | WEST LA
$4,060,000

First time on the market in over 50 years! 1415 Saltair Ave is a rare 9-unit investment opportunity ideally located in one of the most desirable West LA locations and situated between Wilshire Blvd and Santa Monica Blvd, just south of Brentwood. Boasting an outstanding WalkScore® of 93 which provides tenants easy walkable access to many of the most popular dining options, entertainment venues, and shopping that West Los Angeles has to offer. Additionally, the neighborhood is central to major employment hubs in West LA/Brentwood, Culver City, and Silicon Beach offering an abundance of high paying jobs.
The property offers an excellent unit mix of three 2-bedroom, 1.5-bathroom units and six 1-bedroom, 1-bathroom, units, all units featuring balconies or patios which allow tenants much desired outdoor space. All units come with at least one unique covered parking, with 2 bedrooms units having 2 parking, in tandem for a total of 12 Parking Spaces. Regular upkeep done by the previous owner will allow the new owner the ability to concentrate on further renovations that will increase operating income on this low maintenance property. Property has an on-site laundry room for additional income provided to owner. 1415 Saltair Ave is the rare mix of a well-maintained multifamily property with excellent current cash flow, terrific location, with the option to implement value-add strategies with the regular turnover of current tenants. Current ownership has enacted a plan to avoid long term tenancies with no current tenants older than 2020. Owner has kept up with regular maintenance and completed capital improvements including newer floors, and some units with quartz counters, newer cabinets, newer paint, and recently repaired roof (warranty included) and renovated some plumbing with copper pipes.