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1133 S Spaulding Ave 7 Unit Apartment Building $2,700,000 ($385,714/Unit) 4.81% Cap Rate Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Prime Mid-Wilshire Location - Minutes to Beverly Center & Fairfax District
- Immediate Upside Potential Through Unit Renovations
- Exceptional Value-Add Opportunity with 5 Units Delivered Vacant
- Oversized Units with Private Patios and Balconies
EXECUTIVE SUMMARY
1133 S Spaulding Ave is a 7-unit apartment building in the heart of Mid-Wilshire presenting an exceptional value-add opportunity with 5 units delivered vacant. The property features oversized units averaging 977 square feet with private patios or balconies—substantially larger than typical Mid-Wilshire offerings. Built mid-century with stucco construction the soft story seismic retrofit has been completed. The 2-story configuration provides superior parking with 8 spaces (1.14:1 ratio) including Individual gas and electric metering transfers utility costs to residents. Communal laundry facilities with one washer and dryer provide supplemental income.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,700,000 | Property Subtype | Apartment |
| Price Per Unit | $385,714 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.81% | Lot Size | 0.16 AC |
| Sale Condition | High Vacancy Property | Building Size | 6,877 SF |
| Gross Rent Multiplier | 12.5 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1962 |
| Property Type | Multifamily | ||
| Zoning | LAR3 | ||
| Price | $2,700,000 |
| Price Per Unit | $385,714 |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 12.5 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,877 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $2,167 | 875 |
| 2+2 | 4 | $2,875 | 1,050 |
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Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5086-026-018 | Total Assessment | $550,779 |
| Land Assessment | $137,792 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $412,987 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5086-026-018
Land Assessment
$137,792
Improvements Assessment
$412,987
Total Assessment
$550,779
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1133 S Spaulding Ave
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