351 N Spaulding Ave - Apartments FOR SALE


Los Angeles, CA 90036- Hancock Park | 
$2,095,000 USD
310-883-4760
351 N Spaulding Ave, Los Angeles, CA for Sale
$2,095,000 USD
Apartments - FOR SALE
1/13
null | 4.16% Cap Rate

351 N Spaulding Ave
Los Angeles, CA 90036
Hancock Park


HIGHLIGHTS

  • Four-unit Spanish-style multifamily property offering strong income potential.
  • Located in one of Los Angeles' most walkable residential neighborhoods.
  • Just a 10-minute walk from The Grove.
  • Features eight parking spaces providing exceptional off-street parking.
  • Three units have been fully renovated.

OVERVIEW

351 N Spaulding Avenue presents the opportunity to acquire a four-unit multifamily asset in Los Angeles' Beverly Grove neighborhood. The property features a Spanish-style architectural design and includes a mix of residential units, with recent renovations completed in several units. One unit is currently vacant, providing flexibility for an owner-user or investor seeking immediate occupancy or lease-up potential. Situated within walking distance of The Grove and the surrounding retail, dining, and entertainment amenities of Beverly Grove and Fairfax, the property benefits from access to one of Los Angeles' most established residential and commercial districts. The location provides convenient connectivity to major employment centers, neighborhood services, and regional transportation corridors, supporting long-term tenant demand and investment appeal. Recent improvements reportedly include upgraded interiors, modern finishes, updated windows, and renovated kitchens and baths in multiple units. On-site parking and the property's central location further contribute to its functionality for residents. The combination of existing income, a vacant unit, and a location within a highly sought-after Los Angeles neighborhood creates an opportunity for investors seeking value enhancement and future income growth.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

4

PRICE/UNIT

$523,750

CAP RATE

4.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

5527-040-011

ASK ABOUT THIS PROPERTY

Kerri MaddenCompassMore Info
310-883-4760

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Kerri MaddenCompassMore Info
310-883-4760

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.