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$ 1,750,000
Est. payment | /mo
8 Beds
4 Baths
5,662 SqFt
$ 1,750,000
Est. payment | /mo
8 Beds
4 Baths
5,662 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,662 sqft
Price per Sqft $309
MLS Listing ID 25615455
Bedrooms 8
HOA Y/N No
Year Built 1928
Lot Size 6,355 Sqft
Property Description
346 N Spaulding Ave, a charming 4-unit apartment building located in the Fairfax District neighborhood of Los Angeles, California. Built in1939, the property consists of (4) two-bedroom + two-bathroom units. The building is 5,662 gross square feet and sits on a 6,354 square foot lot.Situated in the vibrant Fairfax District, 346 N Spaulding Ave offers residents a unique blend ofhistoric charm and central city convenience. The area is known for its tree-lined streets, classic architecture, and an energetic, culturally rich community, all while being minutes from some of LosAngeles' most iconic destinations.Residents enjoy easy access to Beverly Hills, Miracle Mile, and Mid-City, as well as the shops, restaurants, and cultural landmarks of the Fairfax District. With its walkable location, excellent connectivity, and timeless architectural appeal, 346 N Spaulding Ave represents a highly desirable rental opportunity in one of Los Angeles' most vibrant neighborhoods.346 N Spaulding Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.18% with the ability to improve to a 6.33% CAP rate once units turnover.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 6
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5527041023
Special Listing Condition Standard
Listed by Michael Kamara Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "