Los Angeles CA home offered at $5,500,000
Call Lisa DiNoto Group at (909)921-2544 to see this home.
639
N
Spaulding Avenue,
Los Angeles,
California
CA
90036-1839
Sold For: $5,447,000
Listing ID: 22191451
Price/SqFt:
$596.53
Status:
Closed
Sold Date:
12/14/2022
SqFt:
9,220
Sq Ft
Acres:
0.299
Acres
Year Built:
1925
Incredibly rare 50% VACANT multifamily asset at 639 -649 N Spaulding Drive situated in the historic Melrose / Fairfax District. Centrally located within walking distance to The Grove, Original Farmers Market, Melrose, Fairfax & 3rd Street shopping districts. A quick walk to Fairfax district & Pan Pacific Park, this rare offering presents an astute investor with the unique opportunity to capitalize on the high vacancy factor at the property, renovate units & achieve a high yield right away.
Primary Features
County:
Los Angeles
Price/SqFt:
596.53
Property Type:
Residential Income
Year Built:
1925
Zoning:
LARD1.5
Interior
Appliances:
yes
Appliances:
Dishwasher
Cooling:
yes
Cooling Type:
Central Air
Heating:
yes
Heating Type:
Central
Stories Total:
2
External
Lot Size Area:
13010
Lot Size Square Feet:
13010
Number Of Buildings:
3
Parking Total:
10
Location
Country:
US
MLS Area Major:
C19 - Beverly Center-Miracle Mile
Street Number:
1/2
Additional
Association:
no
Days On Market:
17
List Agent State License:
02041641
Lot Size Units:
Square Feet
New Construction:
no
Number Of Units Total:
14
Parcel Number:
5527022003
Senior Community:
no
Year Built Source:
Assessor
Financial
Cap Rate:
5.46
Gross Multiplier:
12.53
Gross Operating Income:
425725
Net Operating Income:
300360
Special Listing Conditions:
Standard
Total Expenses:
125365
Zoning Info
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, April 18th, 2024.
Based on information from CARETS as of Thursday, April 18th, 2024 02:58:47 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Thursday, April 18th, 2024 02:58:47 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact - Listing ID 22191451
Lisa DiNoto
9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544
Data services provided by IDX Broker
