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606 N Spaulding Avenue

Los Angeles (City), CA 90036
  • $2,400,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: 21783712
UPDATED: 31 min ago
$2,400,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

We are pleased to present a two (2) property portfolio consisting of two (2) fourplexes located at 330 & 606 North Spaulding Avenue in Los Angeles, California. The subject properties are located on the same street, two (2) blocks apart in a prime Fairfax location. Properties may be sold separately or together. With South Fairfax Avenue to the east, Melrose Avenue to the north and Beverly Boulevard to the south, this portfolio offers tenants with dominant access to some of the most sought-after destinations in the heart of Beverly Grove. Retail and restaurants draw a diverse crowd to the lively Fairfax District. Fairfax Avenue is one of the main north-south thoroughfares of Central Los Angeles; its five (5) mile length is home to city landmarks like the Los Angeles County Museum of Art, The La Brea Tar Pits and Museum, the original LA Farmers Market and The Grove, a posh shopping center. These landmarks are less than a ten (10) minute walk from the subject properties. The Grove outdoor mall features upscale shops, a fountain and a trolley car, while the historic Original Farmers Market offers casual eats. Along trendy Fairfax Avenue, long-standing Jewish businesses like Canters Deli share space with a number of cutting-edge streetwear designers. The walkable stretch of North Fairfax Avenue between Melrose Ave and Beverly Blvd, in particular, has emerged over the past few years as perhaps the most vibrant center of shopping and dining in the city. This stretch is a short five (5) minute walk from the subject properties and is home to some of Los Angeles most famous food and entertainment destinations. Some of these destinations include the Melrose Trading Post, Da Poetry Lounge, The Hundreds Clothing Store, RIPNDIP, Supreme, Dolls Kill, and Jon & Vinnys Fairfax. No need for a car in this area, residents enjoy having direct access to supermarkets, coffee shops, trendy restaurants and theaters, earning this area a walk score of 93. 606 North Spaulding Avenue has a streamlined unit mix of four (4) 2-bedroom/1.5-bathroom units with amazing amenities included. These spacious units feature high ceilings and gorgeous natural lights. Each unit comes with tandem parking spaces and extra storage space included. There are a total of five (5) garage storage spaces. For tenants with more than one (1) car, there are tons of street parking options available in the area. The property is located in a quiet and lush neighborhood. Constructed in 1927, this two (2) property portfolio offers an excellent opportunity for any investor to capitalize on great rental upside while obtaining 30-year fixed residential financing in one of the best submarkets in Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/121426878
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606 N Spaulding Avenue Los Angeles (City), CA 90036

  • Price: $2,400,000
  • Status: Active
  • Updated: 31 min ago
  • ID#: 21783712
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1927
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
We are pleased to present a two (2) property portfolio consisting of two (2) fourplexes located at 330 & 606 North Spaulding Avenue in Los Angeles, California. The subject properties are located on the same street, two (2) blocks apart in a prime Fairfax location. Properties may be sold separately or together. With South Fairfax Avenue to the east, Melrose Avenue to the north and Beverly Boulevard to the south, this portfolio offers tenants with dominant access to some of the most sought-after destinations in the heart of Beverly Grove. Retail and restaurants draw a diverse crowd to the lively Fairfax District. Fairfax Avenue is one of the main north-south thoroughfares of Central Los Angeles; its five (5) mile length is home to city landmarks like the Los Angeles County Museum of Art, The La Brea Tar Pits and Museum, the original LA Farmers Market and The Grove, a posh shopping center. These landmarks are less than a ten (10) minute walk from the subject properties. The Grove outdoor mall features upscale shops, a fountain and a trolley car, while the historic Original Farmers Market offers casual eats. Along trendy Fairfax Avenue, long-standing Jewish businesses like Canters Deli share space with a number of cutting-edge streetwear designers. The walkable stretch of North Fairfax Avenue between Melrose Ave and Beverly Blvd, in particular, has emerged over the past few years as perhaps the most vibrant center of shopping and dining in the city. This stretch is a short five (5) minute walk from the subject properties and is home to some of Los Angeles most famous food and entertainment destinations. Some of these destinations include the Melrose Trading Post, Da Poetry Lounge, The Hundreds Clothing Store, RIPNDIP, Supreme, Dolls Kill, and Jon & Vinnys Fairfax. No need for a car in this area, residents enjoy having direct access to supermarkets, coffee shops, trendy restaurants and theaters, earning this area a walk score of 93. 606 North Spaulding Avenue has a streamlined unit mix of four (4) 2-bedroom/1.5-bathroom units with amazing amenities included. These spacious units feature high ceilings and gorgeous natural lights. Each unit comes with tandem parking spaces and extra storage space included. There are a total of five (5) garage storage spaces. For tenants with more than one (1) car, there are tons of street parking options available in the area. The property is located in a quiet and lush neighborhood. Constructed in 1927, this two (2) property portfolio offers an excellent opportunity for any investor to capitalize on great rental upside while obtaining 30-year fixed residential financing in one of the best submarkets in Los Angeles.
Exterior Features

Direction Faces West Parking Features GaragePavedSide By SideStorage Parking Total 5 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances DishwasherGas CooktopGas OvenRangeRefrigeratorDryerWasher Fireplace Features Decorative Fireplace YN Yes Flooring Wood Heating Baseboard Heating YN Yes Interior Features Ceiling Fan(S)Storage

Property Features

Additional Parcels YN No Garage YN Yes Gross Income 125092 Gross Scheduled Income 153600 Land Lease YN No Laundry Features Stacked Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 82361 Possession Close Of Escrow Property Condition Repairs Cosmetic Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5

Listing provided courtesy of Jason Tuvia of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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