West Hollywood, CA 90046,926 N Spaulding AVE
West Hollywood, CA 90046,926 N Spaulding AVE
West Hollywood, CA 90046,926 N Spaulding AVE
$2,315,000
Est. payment /mo
$2,500,000
7.4%
Est.Price: ?

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8 Beds
8 Baths
5,146 SqFt
SOLD DATE : 07/12/2024

Key Details

Sold Price $2,315,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,146 sqft

Price per Sqft $449

MLS Listing ID 24405773

Sold Date 07/12/24

Bedrooms 8

HOA Y/N No

Year Built 1954

Lot Size 6,398 Sqft

Property Description

We are pleased to present 926 N Spaulding Ave, a charming and well-kept American Colonial value-add investment opportunity delivered with 3 of 8 units vacant, located in the highly desirable city of West Hollywood; south of Santa Monica Blvd, west of N La Brea Ave, and east of Fairfax Ave. The property boasts a WalkScore of 95 (Walker's Paradise) and is located steps from exceptional employment, lifestyle, and leisure options that make West Hollywood one of the premier rental markets, attracting an affluent, upwardly mobile tenant base. This 1954-built 2-story, 8-unit building has a desirable unit mix of 1 single, 6 (1+1), and 1 (2+1) units that range from approximately 450 to 950 gross square feet. The 5,146 square foot structure is situated on a 6,401 square foot R3B zoned lot. The house electric panel has been recently upgraded, as has a majority of the building's plumbing. Units feature hardwood and bamboo wood floors, large windows providing ample natural light (and some nice views for 2nd floor units), dining areas, air conditioning, gas heating, and ample closet space for convenience. Select units feature upgraded kitchens with new fridges, stoves, and dishwashers, as well as newly renovated bathrooms. The property features an on-site laundry room, and 6 covered carport parking spaces ensure resident vehicles are well-accommodated. The building is separately metered for gas and electric. 926 N Spaulding's excellent West Hollywood location offers residents unmatched access to career centers, educational institutions, restaurants, nightlife destinations, shopping (Whole Foods 0.4 miles, Trader Joe's 0.7 miles), and recreation (Poinsettia Park 0.5 miles, Plummer Park 0.6 miles), all within one of the most walkable and high-demand locations in Southern California. The property is also conveniently located just 0.2 miles south of CA-2, 1.4 miles from Sunset Strip, 0.3 miles from Melrose shopping district, 1.3 miles from the La Cienega design district, 2.2 miles from Beverly Hills, and 2.6 miles from the CA 101 freeway, ensuring easy access to the city's extensive transit network and other LA attractions. Strategically positioned in the heart of West Hollywood, this well-maintained asset is in a dynamic and centrally situated submarket, offering an astute investor the potential for significant appreciation and strong returns, supported by historically high tenant demand who enjoy a quality living experience in one of Los Angeles's most dynamic neighborhoods.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Garage Assigned, Covered, Shared Driveway

Parking Type Assigned, Covered, Shared Driveway

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5530023006

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew R. Kanner • Keller Williams Realty Los Feliz
Bought with Neema Ahadian • Marcus & Millichap

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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