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Positioned in the heart of Sawtelle, 1849 Beloit is a value-add multifamily complex surrounded by one of LA's most vibrant dining and cultural corridors. Just steps from the neighborhood's renowned Japantown stretch, tenants enjoy walkable access to an endless roster of restaurants, cafes, and dessert bars that draw foot traffic from across the city. Beyond its dining and retail scene, the property sits at the center of a high-income tenant base, surrounded by financial, legal, entertainment, and medical offices that line the Wilshire Corridor, from Beverly Hills to Santa Monica. Located near Westfield Century City, San Vicente Blvd in Brentwood, downtown Santa Monica, and UCLA, the address checks every box for location-driven renters. Built in 1965, the building features (3) 2-bdrm/2-bath units, (5) 1-bdrm. units, and (1) studio unit. Its mid-century exterior facade provides vintage charm, while the layouts inside emphasize functionality. Units feature a private patio or balcony. Property amenities include 2 tandem parking spaces in the front, approx. 5 parking spaces in the rear, soft-story retrofit completion (buyer to verify), and a community laundry room. 1849 Beloit is currently offered at $255,556 per unit and $320 per foot, offering approx. 59% rental upside. The property will stabilize at a 8.44% CAP and 8.78 GRM based on market rents. This is a classic West LA value-add: a well-located asset with character, upside, and reliable fundamentals in a location where tenants consistently pay premiums for lifestyle and access.
Property Type(s):
Residential Income
| Last Updated | 9/19/2025 | Year Built | 1965 |
|---|---|---|---|
| Community | WLA - West Los Angeles | County | Los Angeles |
Additional Details
| AREA | WLA - West Los Angeles |
|---|---|
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 7000 sq ft |
| PARKING | Covered, Garage, Tandem |
| STORIES | 2 |
| STYLE | MidCenturyModern |
| VIEW DESCRIPTION | None |
Location
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