UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25239240
HOA Y/N No
Year Built 1947
Lot Size 6,425 Sqft
Property Sub-Type Apartment
Property Description
Located in one of Los Angeles's most desirable neighborhoods, this prime 4-unit property offers an unmatched blend of immediate income, long-term upside, and unbeatable location. Just minutes from Sunset Blvd., Santa Monica Blvd., Century City, and The Grove, this asset places residents at the center of LA!
A potential Owner/User or Investor opportunity, each of the four units features a spacious 3-Bedroom, 1-Bath layout, with over 1,050 square feet of living space. The building is currently operating at a 4.75% cap rate on existing rents, with over 33% in rental upside still available, offering significant value-add potential. There are four garages located on-site plus an additional four surface spaces at the rear of the property, offering an ideal structure for future ADU development. All units are separately metered for gas and electricity.
With a Walk Score of 94, the Spaulding 4-plex is considered a Walker's Paradise! Tenants enjoy the proximity to luxury restaurants, entertainment venues, high-end retail and more! This is an ideal opportunity for an investor looking for stable returns with upside or an Owner/User looking in one of LA's most coveted neighborhoods!
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Golf, Gutter(s), Hiking, Street Lights, Suburban, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5527027040
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891