445 N Spaulding Ave - Apartments FOR SALE


Los Angeles, CA 90036- Hancock Park
$1,825,000 USD
310-988-8361
445 N Spaulding Ave, Los Angeles, CA for Sale
$1,825,000 USD
Apartments - FOR SALE
1/45
null | 4.77% Cap Rate

445 N Spaulding Ave
Los Angeles, CA 90036
Hancock Park


HIGHLIGHTS

  • Prime location in the Heart of L.A. – only minutes from Sunset and Santa Monica Blvd., Century City, and The Grove
  • (4) Spacious, Three-Bedroom/1-Bath units with over 1,050 SF each
  • ADU Development Potential with (4) Garages and an additional (4) Surface Spaces at the rear of the property
  • All units are separately metered for gas and electricity
  • Owner/User opportunity!

OVERVIEW

Prime 4-Plex Investment Opportunity in One of L.A.’s Most Sought-After Locations! Located in one of Los Angeles’s most desirable neighborhoods, this prime 4-unit property offers an unmatched blend of immediate income, long-term upside, and unbeatable location. Just minutes from Sunset Blvd., Santa Monica Blvd., Century City, and The Grove, this asset places residents at the center of LA! A potential Owner/User or Investor opportunity, each of the four units features a spacious 3-Bedroom, 1-Bath layout, with over 1,050 square feet of living space. The building is currently operating at a 4.75% cap rate on existing rents, with over 33% in rental upside still available, offering significant value-add potential. There are four garages located on-site plus an additional four surface spaces at the rear of the property, offering an ideal structure for future ADU development. All units are separately metered for gas and electricity. With a Walk Score of 94, the Spaulding 4-plex is considered a Walker’s Paradise! Tenants enjoy the proximity to luxury restaurants, entertainment venues, high-end retail and more! This is an ideal opportunity for an investor looking for stable returns with upside or an Owner/User looking in one of LA’s most coveted neighborhoods!

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

4

PRICE/UNIT

$456,250

CAP RATE

4.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime L.A. Location | ADU Potential!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

5527-027-040

ASK ABOUT THIS PROPERTY

Parker BoehleNorthmarqMore Info
310-988-8361

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Parker BoehleNorthmarqMore Info
310-988-8361

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