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330 N Spaulding Ave, Los Angeles, CA 90036
$2,275,000
330 N Spaulding Ave, Los Angeles, CA 90036View this property at 330 N Spaulding Ave, Los Angeles, CA 90036
330 N Spaulding AveLos AngelesCA90036
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Property Description
We are pleased to present a two (2) property portfolio consisting of two (2) fourplexes located at 330 & 606 North Spaulding Avenue in Los Angeles, California. The subject properties are located on the same street, two (2) blocks apart in a prime Fairfax location. With South Fairfax Avenue to the east, Melrose Avenue to the north and Beverly Boulevard to the south, this portfolio offers tenants with dominant access to some of the most sought-after destinations in the heart of Beverly Grove. Retail and restaurants draw a diverse crowd to the lively Fairfax District. Fairfax Avenue is one of the main north-south thoroughfares of Central Los Angeles; its five (5) mile length is home to city landmarks like the Los Angeles County Museum of Art, The La Brea Tar Pits and Museum, the original LA Farmers Market and The Grove, a posh shopping center. These landmarks are less than a ten (10) minute walk from the subject properties. The Grove outdoor mall features upscale shops, a fountain and a trolley car, while the historic Original Farmers Market offers casual eats. Along trendy Fairfax Avenue, long-standing Jewish businesses like Canters Deli share space with a number of cutting-edge streetwear designers. The walkable stretch of North Fairfax Avenue between Melrose Ave and Beverly Blvd, in particular, has emerged over the past few years as perhaps the most vibrant center of shopping and dining in the city. This stretch is a short five (5) minute walk from the subject properties and is home to some of Los Angeles most famous food and entertainment destinations. Some of these destinations include the Melrose Trading Post, Da Poetry Lounge, The Hundreds Clothing Store, RIPNDIP, Supreme, Dolls Kill, and Jon & Vinnys Fairfax. No need for a car in this area, residents enjoy having direct access to supermarkets, coffee shops, trendy restaurants and theaters, earning this area a walk score of 93. 330 North Spaulding Avenue has a good unit mix of three (3) 2-bedroom/1-bathroom units and one (1) 2-bedroom/1.5-bathroom unit. These units are incredibly spacious with huge kitchens featuring tons of cabinet and counter space, storage space built-ins, and large bedrooms. There are a total of five (5) garage storage spaces. The units come fully equipped with a refrigerator, stove and dishwasher in the kitchens, A/C in the bedrooms, in-unit washer and dryers, and central heating. Tenants will also enjoy the incredible natural sunlight and beautiful, natural hardwood floors. All units come with one (1) parking space on-site and the property offers easy street parking for second cars. Constructed in 1927, this two (2) property portfolio offers an excellent opportunity for any investor to capitalize on great rental upside while obtaining 30-year fixed residential financing in one of the best submarkets in Los Angeles.
Full Property Details
Full Property Details for 330 N Spaulding Ave
General
- Sold For: $2,275,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 21-783728
- Added to Site: 954 day(s) ago
Interior
- Interior Features: Common Walls, Storage Space
- Cooking Appliances: Cooktop - Gas, Oven-Gas, Oven
- Flooring: Wood
Rooms
Bathrooms
- Bathroom Features: Shower Over Tub
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: In Unit
Additional Information
- Pool Description: None
- Spa Description: None
- Security/Safety: Automatic Gate
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 5
- Garage Description: Built-In Storage, Garage Is Detached, Garage, Driveway Gate
Location
- Area: Beverly Center-Miracle Mile
- County: Los Angeles
- Cross Streets: Melrose Avenue & N Spaulding Avenue
- Driving Directions: The subject property is situated in a prime Melrose / Fairfax location, south of Melrose Ave and east of N Fairfax Ave.
- Direction Faces: West
Heating & Cooling
- Cooling Type: Air Conditioning, Window Unit(s)
- Heating Type: Baseboard
Structural Information
- # Buildings: 1
- Roof: Clay
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 5,153
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1927
- Year Built Source: Vendor Enhanced
- Property Condition: Repair Cosmetic
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1459
- Lot Size: 6354
- Lot Size Source: Vendor Enhanced
- Lot Features: City
- Zoning: LARD1.5
- Lot Description: Single Lot, Automatic Gate
Financial Considerations
- Price Per Sq. Ft.: $451.19
- Assessment Year: 1927
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5527-041-020
Listed and Sold by Marcus & Millichap, Jason Tuvia
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Schools
Schools serving 330 N Spaulding Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
925 N Hayworth Ave, Los Angeles, CA 90046 | K-8 | 0.8 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 330 N Spaulding Ave
Date
Details
Price
Change
Source
2/14/2022
Sold
$2,275,000
-2.15%
MLS
10/18/2021
Price Reduced
$2,325,000
-3.12%
MLS
9/14/2021
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
330 N Spaulding Ave, Los Angeles, CA 90036 (MLS# 21-783728) is a Multi-Family property that was sold at $2,275,000 on February 14, 2022. Want to learn more about 330 N Spaulding Ave? Do you have questions about finding other Multi-Family real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.