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
AVG $3.91M
$3.4M
Visits
AVG 47
32
Year Built
AVG 1946
1965
Walkscore
AVG 93
94
Data Provided by Walkscore ® not using MLS data

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