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1116 N Spaulding Ave
West Hollywood, CA 90046
MLS# 22-143025 ID: 75287274
$3,400,000
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Property Description
Residential Income - WEST HOLLYWOOD, CA Located in a prime West Hollywood pocket, 1 Block North of Santa Monica Blvd, 1116 N. Spaulding is a ten-unit value-add multifamily property minutes from several neighborhood hubs including Fairfax Ave, La Brea and SM Blvd. This value-add property features (2) 2-Bdrm and 2-Bath units and (8) 1-Bdrm units. Please note, each ground-floor unit features a private patio. 1116 N. Spaulding presents a significant value-add opportunity, as current rents are approx. 53% below market rates compared to renovated units in the area. This corner lot property with alley access features a gated subterranean parking garage with 8 parking spaces, an additional parking area with 5 spaces, a community laundry room and a new roof installed in the last 5 years (per management). 1116 N. Spaulding is offered in conjunction with the sale of a Spanish-style fourplex near The Grove, 422 N. Spaulding (can be purchased separately).
Property Features
Status
Days On Market 128 days
Last Updated August 4, 2022
Market Status Available
Description
Property Type Multi Family
Year Built 1965
Approx. Lot Size .15 Acres
Building Features
Cooling System Wall Unit(s) A/C
Stories 2.0
Exterior Features
Parking Covered; Gated; 13 spaces
Listing Features
Property Type MultiFamily; Single Family Attached
Offered By:
Kenny Stevens
Compass

Data Provided by Combined LA Westside Multiple Listing Service, Inc

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