637 N Spaulding Avenue
$3,225,000
637 N Spaulding Avenue Los Angeles, CA 90036
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About this listing
Over 5% CAP and over 7% CAP Proforma! Twelve 1BD + 1BA in Fantastic Farifax Disctrict Location Located in the City of LA and benefiting from everything WeHo has to offer 5 Blocks to The Grove & Pan Pacific Park 3 Units Delivered Vacant Great Rental Upside! Walk Score: Very Walkable & Very Bikeable Same ownership for over 50 Years!
Current CAP over 5%* with huge upside with proforma CAP over 7%. 3 Units are kept vacant and will be delivered vacant. Charming Melrose Village 12-unit ideally situated in the city of LA, adjacent to and benefiting from all that West Hollywood has to offer. Located 1/2 block from Melrose Avenue and 5 blocks from The Grove & Pan Pacific Park, 637 North Spaulding represents an opportunity to acquire a generational asset in a great area with great upside potential and located next to trendy restaurants, schools, houses of worship, parks and shopping. *3 vacant units are projected at market rents post renovations.
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NOI
$162,106
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Building Size
9,654 sqft
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Lot Area
6,415 sqft
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Units
12
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Year Built
1928
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Zoning
RD1.5
DESCRIPTION
- • Gross Income: $ 283385.0
- • Age: 41-50 Years Old
- • Lot Size: Under 1/2 Acre
