610 North Spaulding Avenue Los Angeles, CA $ 1,950,000
610 North Spaulding Avenue
$ 1,950,000
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610 North Spaulding Avenue

Los Angeles, CA, 90036
$ 1,950,000
Baths0.0 Sq 3,738

Monthly Estimate*

$ 12,960

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,950,000. This 3,738 square foot home was built in 1939 on a lot size of 0.15.

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.

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Multi-Family Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.15

Year Built

1939

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024371815

Features
General
Sewer None
Zoning LARD1.5
Pool Features None
Year Built 1939
Levels Two
County Los Angeles
Net Operating Income 89604.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 2.00
Senior Community Y/N No
MLS Area C19 - Beverly Center-Miracle Mile
Lot Size Square Feet 6354.0
Street Name Spaulding
Standard Status Active
Buyer Agent Compensation Type %
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Exterior
Lot Size Area 6354.0
Foundation Details None
Building Area Total 3738.0
Lot Dimensions 50x127
Lot Size Acres 0.15
Lot Size Units Square Feet
Land Lease Type Fee
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Interior
Total Stories 2
Air Conditioning Y/N No
Heating Y/N No
Street Suffix Avenue
Total Baths 0
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* Excluded Features
List By
Saadia ''Sam'' Liberow

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$12,960
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,960
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$1,950,000 -7.14% Price Down
3/22/2024$2,100,000 Listed Price

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610 North Spaulding Avenue, Los Angeles, CA, 90036 is a Multi-Family Home for sale at $1,950,000 with 3,738 sqft and a lot size of 0.15. 610 North Spaulding Avenue is a studio with 0.0 baths and was built in 1939. The property's zip code is 90036 which is in Los Angeles, CA