Los Angeles, CA 90036,346 N Spaulding Ave
Los Angeles, CA 90036,346 N Spaulding Ave
Los Angeles, CA 90036,346 N Spaulding Ave
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$1,750,000
Est. payment /mo
8 Beds
4 Baths
5,662 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,662 sqft

Price per Sqft $309

MLS Listing ID 25615455

Bedrooms 8

Year Built 1928

Lot Size 6,356 Sqft

Acres 0.1459

Property Sub-Type Multi-Family

Property Description

346 N Spaulding Ave, a charming 4-unit apartment building located in the Fairfax District neighborhood of Los Angeles, California. Built in1939, 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 ofhistoric 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 LosAngeles' 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.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Garage Spaces 6.0

Building

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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Kirshner Elkin Properties

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