Los Angeles, CA 90036 610 N Spaulding Avenue

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Presented By: Saadia 'Sam' Liberow with Marcus & Millichap;
  • MLS# 24371815
  • 03/22/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 5
  • FootageSQFT • 3,738
  • GarageGarage • 5

Home Details

Positioned in the vibrant heart of the Fairfax district, 610 N Spaulding Ave transcends mere investment it serves as a gateway to Los Angeles' cultural epicenter. Its prime location offers a blend of excitement and convenience, with iconic landmarks like The Grove, Farmers Market, and Melrose Avenue, along with numerous eclectic boutiques, driving high tenant demand and premium rental rates. With an impressive Walk Score of 95, this property caters to modern lifestyle preferences, prioritizing convenience and community engagement. Tenants enjoy the freedom to stroll to nearby attractions, enhancing tenant retention rates and property desirability for investors. Seize the opportunity to unlock hidden value and maximize returns by renovating units over time, elevating profitability and tapping into the ever-evolving rental market of Los Angeles. Reflecting the area's affluent demographic and strong purchasing power, the Fairfax district boasts a robust average household income of nearly 140K within a mile of the property, contributing to a favorable investment climate and sustained demand for quality rental accommodations. Overall, 610 N Spaulding Ave presents a compelling investment opportunity, characterized by long-term ownership, prime location, exceptional walkability, and promising upside potential through renovations, making it an attractive option for investors aiming to capitalize on the dynamic Los Angeles real estate market.
Presented By: Saadia 'Sam' Liberow with Marcus & Millichap;

Interior Features for 610 N Spaulding Avenue

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths5

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

General for 610 N Spaulding Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.6
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market54
DirectionsNear cross streets N Spaulding Ave & Clinton St.
Garage Spaces5.0
Garage Y/NYes
Gross Income133185.0
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6354.0
MLS AreaC19 - Beverly Center-Miracle Mile
MobileHomeRemainsYNNo
Net Operating Income89604.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameSpaulding
Total Units5
View Y/NNo
Waterfront Y/NNo
Year Built1939
ZoningLARD1.5

Exterior for 610 N Spaulding Avenue

Building Area Total3738.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x127
Lot Size Acres0.1459
Lot Size Area6354.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking5.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,950,000
MLS#24371815
List Date 03/22/2024
Property Type Multi-Family
Phone 714.964.3311
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