610 N Spaulding Ave - Apartments FOR SALE


Los Angeles, CA 90036- Melrose
$1,635,000 USD
718-406-3128
610 N Spaulding Ave, Los Angeles, CA for Sale
$1,635,000 USD
Apartments - FOR SALE
1/33
null | 5.85% Cap Rate

610 N Spaulding Ave
Los Angeles, CA 90036
Melrose


HIGHLIGHTS

  • Proven stability: Same ownership since 2007 with consistent management and upkeep
  • Strong demand drivers: High-income area (~$126K avg) supports premium rents & retention
  • Value-add upside: ~25% potential through unit renovations and rent growth
  • Prime, walkable location: Fairfax District near The Grove & Melrose with 95 Walk Score

OVERVIEW

610 N Spaulding Ave offers a rare opportunity to invest in a well-maintained property with proven stability, having been under the same dedicated ownership since 2007. This long-term stewardship reflects consistent management and care, ensuring enduring value. Ideally situated in the heart of the Fairfax District of Los Angeles' most vibrant cultural hubs the property enjoys proximity to iconic destinations like The Grove, the Original Farmers Market, and Melrose Avenue. Beyond its exceptional location, the property presents investors with value-add potential. The surrounding area is defined by desirable demographics, with an average household income nearing $126K within a one-mile radius, signaling strong purchasing power and sustained demand for quality housing. Altogether, 610 N Spaulding Ave represents a compelling investment opportunity, combining long-term stability, walkability, upside potential, and a prime position in one of L.A.'s most dynamic rental markets.

FOR SALE DETAILS

PRICE

$1,635,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

5

PRICE/UNIT

$327,000

CAP RATE

5.85%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5527-023-016

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

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Sam LiberowMarcus & MillichapMore Info
718-406-3128

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