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904 N Spaulding Ave 8 Unit Apartment Building $2,150,000 ($268,750/Unit) 4.86% Cap Rate Los Angeles, CA 90046
INVESTMENT HIGHLIGHTS
- 1st Time On Market in Over 42 Years!
- 1 Unit Currently Vacant
- Offers Carport Parking
- Offered at Only $268k/Unit
- 41% Rental Upside
- A+ West Hollywood Location Just off Santa Monica Blvd & Fairfax
EXECUTIVE SUMMARY
1st Time on Market in Over 42 Years! 904 N Spaulding Avenue is an 8 Unit Apartment Building built in 1957. The property is located in an A+ West Hollywood Location just south of Santa Monica Blvd and East of Fairfax Dr. The property offers an excellent unit mix comped of Studio, 1 & 2 Bedroom Units. Carport Garage offers 6 Parking Spaces that can be future ADU Opportunities to add aditional units. Over 41% Rental Uspide. 1 Unit Currently Vacant (Buyer to Verify All Information)
PROPERTY FACTS
| Price | $2,150,000 | Property Subtype | Apartment |
| Price Per Unit | $268,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.86% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 13.37 | Building Size | 5,132 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Zoning | R3 - Restricted Density Multiple Dwelling | ||
| Price | $2,150,000 |
| Price Per Unit | $268,750 |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Gross Rent Multiplier | 13.37 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,132 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | R3 - Restricted Density Multiple Dwelling |
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 5530-023-009 | Improvements Assessment | $348,684 |
| Land Assessment | $253,577 | Total Assessment | $602,261 |
PROPERTY TAXES
Parcel Number
5530-023-009
Land Assessment
$253,577
Improvements Assessment
$348,684
Total Assessment
$602,261
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904 N Spaulding Ave
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