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1116 N Spaulding Ave
West Hollywood, CA 90046
10 Value-Add Units in WeHo w/ 54% Upside · Multifamily Property For Sale
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10 Units
Investment Highlights
- 10 value-add units in a prime pocket of WeHo. Minutes from several neighborhood hubs including La Brea, Fairfax Ave, and Santa Monica Blvd.
- Significant value-add opportunity, current rents are approx. 53% below market compared to renovated units in the area
- Offered in conjunction with a Spanish-Style fourplex near The Grove, 422 N. Spaulding (can be purchased separately)
- Great unit mix, featuring (2) 2-Bdrm and 2-Bath units & (8) 1-Bdrm units
- Property amenities include subterranean parking, additional parking area, community laundry room and a new roof installed in the last 5 years
Property Facts
| No. Units | 10 | Building Size | 7,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | WDR2* | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | WDR2* |
Amenities
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $2,291 | - |
| 1+1 | 8 | $1,265 | - |
Property Taxes
| Parcel Number | 5530-011-015 | Improvements Assessment | $1,331,712 |
| Land Assessment | $1,997,568 | Total Assessment | $3,329,280 |
Property Taxes
Parcel Number
5530-011-015
Land Assessment
$1,997,568
Improvements Assessment
$1,331,712
Total Assessment
$3,329,280
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