Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

4,834 sqft

Lot size

6,418 sqft

Year built

1927

Stories

2

Heating

Central

View

None

Status

Active

Days on market

8

MLS #

246912663

About this property

A rare opportunity to acquire a four-unit Spanish-style multifamily property offering strong income potential and meaningful upside in one of Los Angeles' most walkable residential neighborhoods. With one unit currently vacant, the property presents an immediate opportunity for either an investor or owner-user. Just a 10-minute walk from The Grove, 351 N Spaulding Avenue combines a highly desirable location with recent renovations, generous parking, and immediate flexibility. The property features four residential units with a distinctive Spanish-style exterior and thoughtful updates throughout. Three units have been fully renovated, with improvements including engineered hardwood flooring, updated windows, and an updated sewer system. Well-maintained landscaping and mature greenery enhance the property's street presence, while eight parking spaces provide exceptional off-street parking for such a pedestrian-friendly location. The surrounding neighborhood further elevates the property's appeal. The Grove, Erewhon, and an extensive selection of restaurants, shops, coffee shops, and everyday amenities are all within easy walking distance. The area offers a rare combination of convenience and residential character, appealing to both families and younger professionals. With one vacant unit, the property offers flexibility for a range of strategies. Investors can benefit from strong rental demand and potential for continued rent growth, while owner-users can occupy one unit and generate income from the remaining three. With its Spanish-style character, substantial recent improvements, eight parking spaces, and proximity to The Grove, 351 N Spaulding Avenue presents a compelling multifamily opportunity in the heart of Los Angeles.

Location

351 N Spaulding Avenue

Los Angeles, Los Angeles, CA, 90036