636 N Spaulding Ave - Apartments FOR SALE


Los Angeles, CA 90036- Melrose
$2,150,000 USD
818-448-4415
636 N Spaulding Ave, Los Angeles, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/11
null | 4.99% Cap Rate

636 N Spaulding Ave
Los Angeles, CA 90036
Melrose


HIGHLIGHTS

  • Prime Fairfax Location - WeHo Adjacent
  • Long-Term Ownership - Same Owner for Over 50 Years
  • Around the Corner from Fairfax High School and Melrose Trading Post
  • Efficient Unit Mix of All One-Bedroom Units
  • Rare Widened Shared Driveway - Ease of Ingress and Egress
  • Select Units are Fully Renovated

OVERVIEW

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 636-638 N Spaulding Ave in Los Angeles, California. The subject property is located in a prime Fairfax location, just south of Melrose Ave and east of Fairfax Ave. Situated in a prime Fairfax location adjacent to West Hollywood, the property benefits from long-term ownership and a desirable all one-bedroom unit mix with approximately 20% rental upside. Select units feature modern renovations including stainless steel appliances, hardwood floors, and updated kitchens, while the asset maintains charming Spanish-style architecture. Amenities include on-site laundry, parking, and a rare widened shared driveway for easy access. A significant roof replacement was completed in 2024, with occupancy exceeding 95% over the past five years. The property offers ADU potential (buyer to verify) and is within walking distance to Melrose Avenue, The Grove, and numerous dining and retail amenities. With strong in-place occupancy, approximately 20% rental upside, a prime Fairfax location, on-site parking with a rare widened driveway, and recent roof replacement, the property presents a compelling combination of immediate income, operational ease, and long-term value-add potential in one of Los Angeles’ most desirable rental markets. For OM, please visit: https://www.lamultifamilydeals.com/properties/636-638-n-spaulding-ave

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

4.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,356 SF

ZONING

LARD1.5

APN/PARCEL ID

5527-023-022

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

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