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346 N Spaulding Ave 4 Unit Apartment Building $1,750,000 ($437,500/Unit) 3.18% Cap Rate Los Angeles, CA 90036
EXECUTIVE SUMMARY
Michael Kamara of Lyon Stahl is pleased to present 346 N Spaulding Ave, a charming 4-unit
apartment building located in the Fairfax District neighborhood of Los Angeles, California. Built in
1939, the property consists of (4) two-bedroom + two-bathroom units. The building is 5,662 gross
square feet and sits on a 6,354 square foot lot.
Situated in the vibrant Fairfax District, 346 N Spaulding Ave offers residents a unique blend of
historic charm and central city convenience. The area is known for its tree-lined streets, classic
architecture, and an energetic, culturally rich community, all while being minutes from some of Los
Angeles’ most iconic destinations.
Residents enjoy easy access to Beverly Hills, Miracle Mile, and Mid-City, as well as the shops,
restaurants, and cultural landmarks of the Fairfax District. With its walkable location, excellent
connectivity, and timeless architectural appeal, 346 N Spaulding Ave represents a highly desirable
rental opportunity in one of Los Angeles’ most vibrant neighborhoods.
346 N Spaulding Ave represents a unique value-add opportunity for investors due to the property’s
location and rental upside. The property offers a initial CAP rate of 3.18% with the ability to improve
to a 6.33% CAP rate once units turnover.
apartment building located in the Fairfax District neighborhood of Los Angeles, California. Built in
1939, the property consists of (4) two-bedroom + two-bathroom units. The building is 5,662 gross
square feet and sits on a 6,354 square foot lot.
Situated in the vibrant Fairfax District, 346 N Spaulding Ave offers residents a unique blend of
historic charm and central city convenience. The area is known for its tree-lined streets, classic
architecture, and an energetic, culturally rich community, all while being minutes from some of Los
Angeles’ most iconic destinations.
Residents enjoy easy access to Beverly Hills, Miracle Mile, and Mid-City, as well as the shops,
restaurants, and cultural landmarks of the Fairfax District. With its walkable location, excellent
connectivity, and timeless architectural appeal, 346 N Spaulding Ave represents a highly desirable
rental opportunity in one of Los Angeles’ most vibrant neighborhoods.
346 N Spaulding Ave represents a unique value-add opportunity for investors due to the property’s
location and rental upside. The property offers a initial CAP rate of 3.18% with the ability to improve
to a 6.33% CAP rate once units turnover.
PROPERTY FACTS Under Contract
| Price | $1,750,000 | Property Subtype | Apartment |
| Price Per Unit | $437,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 3.18% | Building Size | 5,662 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.65 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1939 |
| Property Type | Multifamily | Parking Ratio | 0.71/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $1,750,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 3.18% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 16.65 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,662 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,450 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5527-041-023 | Improvements Assessment | $221,954 |
| Land Assessment | $181,180 | Total Assessment | $403,134 |
PROPERTY TAXES
Parcel Number
5527-041-023
Land Assessment
$181,180
Improvements Assessment
$221,954
Total Assessment
$403,134
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346 N Spaulding Ave
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