For sale
  • Listing Provided by: 

    Parker Boehle DRE #02054215 310-988-8361,

    NorthMarq Realty Services, Inc,

    Brent Sprenkle DRE #01290116,

    NorthMarq Realty Services, Inc

    $1,825,000

    445 N Spaulding Ave, Los Angeles, CA 90036

    24beds
    8baths
    4,379sqft
    : 
    Multi Family
    Built in 1947
    -- sqft lot
    $1,803,600 Zestimate®
    $417/sqft
    $-- HOA

    What's special

    Prime 4-Plex Investment Opportunity in One of L.A.’s Most Sought-After Locations! 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!
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