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EXCLUSIVE LISTING | West Los Angeles | R3 Zoned Fourplex

Purchase Price: $2,075,000
Property Address: 1301 S. Saltair Ave. Los Angeles, CA 90025

  • Units:
  • Zoning Type:
  • Lot Size (Sqft):

4

LAR3

4,255

  • Year Built:
  • Price Per Unit:
  • Price Per Sqft:

1961

$518,750

$565.09


Investment Highlights


  • Excellent unit mix
  • Add value opportunity
  • Corner lot property

  • Laundry room onsite
  • Prime West LA Market
  • Short distance to the beach

Attachments

Download Marketing Package (PDF):

Building Description

This property can be sold as part of a portfolio sale including 1 other fourplex located at 920 Marine St. Santa Monica, CA 90405.

 

Property Description: The largest unit, a remodeled 3 bedroom + 2 Bathroom is currently vacant. This unit will be delivered vacant making this property an excellent owner-user opportunity.

 

1301 S. Saltair Avenue apartment complex is comprised of 4 garden-style apartment units in 1 two story building. The building construction is of wood frame with a flat roof and painted stucco exterior.  Development was completed in 1961 with a total of 3,672 building square feet on a 4,255 square foot lot. Current zoning is LAR3.

 

The apartment units are spacious and consist of (1) three-bedroom/two-bath unit, (2) two-bedroom/one-bath units and (1) one-bedroom/one-bath units. The units on the second floor (unit #2 & #3) have very spacious floorplans that were remodeled with updated kitchens, living areas and bathrooms. The units on the lower floor (unit #1 & #4) are well maintained and in original condition.  The lower units have easy access to the garage parking spaces. The units are large and resemble more of a condominium style unit rather than a typical apartment unit.

 

Aesthetically, the property grounds and building are well maintained and attractive. The landscaping is well kept and manicured. The structure has impressive frontage providing for attractive curb appeal. 

 

Location:1301 S. Saltair Street is in the very prime and vibrant market of West Los Angeles, adjacent to Brentwood and Santa Monica. The property is south of Wilshire Boulevard and east of Bundy Drive. This property is situated in a truly irreplaceable location.

 

Not only is it just minutes to the popular attractions on Wilshire Blvd. but also near Santa Monica and Brentwood’s most iconic and notable attractions. Located on a low traffic and beautiful residential tree lined street. The immediate vicinity consists of well-maintained apartment buildings and condominium homes.

 

The location is ranked at a high walk score of 85. The area is one of Los Angeles’s most highly sought out neighborhoods to live in. Residents get the convenience of living near some of LA’s most popular destinations, the Santa Monica beach, Third Street Promenade and Santa Monica Pier.