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$ 1,775,000
Est. payment | /mo
12 Beds
6,425 Sqft Lot
$ 1,775,000
Est. payment | /mo
12 Beds
6,425 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC25239240
Bedrooms 12
Lot Size 6,425 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime 4-Plex Investment Opportunity in One of L.A.s Most Sought-After Locations! Located in one of Los Angeless 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 4.94% 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 Walkers 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 LAs most coveted neighborhoods!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off N. Spaulding and Rosewood Ave.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5527027040
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Parker Boehle NorthMarq Realty Services, Inc