Address
1116 N Spaulding Avenue, West Hollywood, CA
Price
$ 3,400,000
Property Attributes
- MLS#22143025
- TypeIncome
- CountyLOS ANGELES
- CityWest Hollywood
- AreaWest Hollywood Vicinity
- Zip90046
- Style
- Price$ 3,400,000
- Bedrooms12
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage7600
- Lot Size6,419 SqFt
Listing Provided Courtesy Of:
Kenny Stevens with Compass
Data Source:
Combined LA/Westside MLS (CLAW)
Property Description
Located in a prime West Hollywood pocket, 1 Block North of Santa Monica Blvd, 1116 N. Spaulding is a ten-unit value-add multifamily property minutes from several neighborhood hubs including Fairfax Ave, La Brea and SM Blvd. This value-add property features (2) 2-Bdrm and 2-Bath units and (8) 1-Bdrm units. Please note, each ground-floor unit features a private patio. 1116 N. Spaulding presents a significant value-add opportunity, as current rents are approx. 53% below market rates compared to renovated units in the area. This corner lot property with alley access features a gated subterranean parking garage with 8 parking spaces, an additional parking area with 5 spaces, a community laundry room and a new roof installed in the last 5 years (per management). 1116 N. Spaulding is offered in conjunction with the sale of a Spanish-style fourplex near The Grove, 422 N. Spaulding (can be purchased separately).
| Price History | |
|---|---|
| 4/4/2022 | Listed $3,700,000 |
| 5/17/2022 | 9% - $3,400,000 |
General Features
| Appliances | Refrigerator |
|---|---|
| Co-Listing Agent State License # | 02035608 |
| Co-listing Agent | Matthew Schwartz - BRE#02035608 |
| Garage Spaces | 8 |
| Garage Y/N | Yes |
| Heating | Wall Furnace |
| Listing Agent | Kenny Stevens - BRE#01090251 |
| Listing Agent State License | 01090251 |
| Lot Size Square Feet | 6419 |
| MLS Area | C10 - West Hollywood Vicinity |
| Property Type | Residential Income |
| Senior Community Y/N | No |
| Special Listing Conditions | Standard |
| Status | Active |
| Total Units | 10 |
| View | None |
| Zoning | WDR2* |
Interior Features
| Heating Y/N | Yes |
|---|---|
| Laundry Features | Common Area, Laundry Room |
Exterior Features
| Lot Size Acres | 0.1474 |
|---|---|
| Lot Size Area | 6419 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Parking Features | Covered, Underground, Gated |
| Total Parking | 13 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 90046
Price
Visits
Year Built
Walkscore
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
