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    516 N Spaulding Ave

    Los Angeles, CA 90036
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 56 days
    • MLS #: 21-743544
    Under Contract
    UPDATED: 73 min ago
    $1,795,000
    • 8
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,968
      SQFT
    • $452
      $/SQFT
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    This Charming Spanish Style Fourplex is in the highly desirable Fairfax District, one of the most ideal and popular locations to own in all of Los Angeles. First time on the market in over 50+ years! Featuring 3,968 SQFT of living space on a 5,723 SQFT Lot, this 1920s character driven building is comprised of (4) 2 Bedroom + 1 Bathroom units. There are also 4 garages which makes parking extremely easy for tenants. The property is in a stellar location where income properties are owned for many generations and opportunities like this rarely become available. Very densely populated area with low vacancy rates and a great rental growth market. Great as investment or owner-user opportunity. Just a short stroll to The Grove, Shopping & Dining along trendy 3rd St./Beverly Blvd., The Beverly Center, and Fairfax High School.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T17:43:02.577. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/117878678
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    516 N Spaulding Ave Los Angeles, CA 90036

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 73 min ago
    • MLS #: 21-743544
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,968
    SQFT
    $452
    $/SQFT
    1926
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    This Charming Spanish Style Fourplex is in the highly desirable Fairfax District, one of the most ideal and popular locations to own in all of Los Angeles. First time on the market in over 50+ years! Featuring 3,968 SQFT of living space on a 5,723 SQFT Lot, this 1920s character driven building is comprised of (4) 2 Bedroom + 1 Bathroom units. There are also 4 garages which makes parking extremely easy for tenants. The property is in a stellar location where income properties are owned for many generations and opportunities like this rarely become available. Very densely populated area with low vacancy rates and a great rental growth market. Great as investment or owner-user opportunity. Just a short stroll to The Grove, Shopping & Dining along trendy 3rd St./Beverly Blvd., The Beverly Center, and Fairfax High School.
    Exterior Features

    Covered Parking 4 Lot Size Area 5723 Other Structures None Parking Garage CarportCarport Detached Pool Description None Pool YN No Spa None Spa YN No Total Parking 4 View Description Walk Street View YN Yes

    Interior Features

    Bathroom Features Shower Over Tub Baths Total 4.00 Common Walls Detached/No Common Walls Cooking Appliances Cooktop - GasOven Cooling Wall/Window Equipment Range/Oven Flooring HardwoodTileMixed Heating Wall Gas Kitchen Features Tile Counters Laundry In Unit

    Property Features

    Assessed Total Value 1630418 Gross Income 99034 Gross Operating Income 97053 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 65797.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 31256 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of David Weinberger DRE#01349349 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T17:43:02.577. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253