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    516 N Spaulding Avenue

    Los Angeles (City), CA 90036
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • ID#: 21743544
    Under Contract
    UPDATED: 43 min ago
    $1,795,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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 California Regional Multiple Listing Service, Inc. as of 2021-07-28T19:36:51.893. 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 Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117884240
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    516 N Spaulding Avenue Los Angeles (City), CA 90036

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 43 min ago
    • ID#: 21743544
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1926
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - 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

    Carport YN Yes Parking Features CarportDetached Carport Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Appliances Gas CooktopOven Cooling Wall/Window Unit(S) Cooling YN Yes Flooring TileWood

    Property Features

    Gross Income 99034 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 65797 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5

    Listing provided courtesy of David Weinberger of Keller Williams Studio City and David Rothblum of Re/Max One


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-28T19:36:51.893. 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 Twiss Realty. Licensed in the State of California, USA.
     
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