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Listed by Parker Boehle • NorthMarq Realty Services, Inc
$ 1,825,000
Est. payment /mo
New
445 N Spaulding Los Angeles, CA 90036
6,425 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25239240
Year Built 1947
Lot Size 6,425 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
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!
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Interior
Laundry Laundry Area
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5527027040
Special Listing Condition Not Applicable
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