$2,275,000
$2,325,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
5,153 SqFt
SOLD DATE : 02/14/2022
Key Details
Sold Price $2,275,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,153 sqft
Price per Sqft $441
MLS Listing ID 21783728
Sold Date 02/14/22
Construction Status RepairsCosmetic
HOA Y/N No
Year Built 1927
Lot Size 6,355 Sqft
Acres 0.1459
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.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Rooms
Ensuite Laundry Stacked
Interior
Interior Features CeilingFans, Storage
Laundry Location Stacked
Heating Baseboard
Flooring Wood
Fireplaces Type Decorative
Fireplace Yes
Appliance Dishwasher, GasCooktop, GasOven, Oven, Refrigerator, Dryer, Washer
Laundry Stacked
Exterior
Garage Garage, Storage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Parking Type Garage, Storage
Total Parking Spaces 8
Private Pool No
Building
Faces West
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status RepairsCosmetic
Others
Senior Community No
Tax ID 5527041020
Security Features SecurityGate
Special Listing Condition Standard
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Bought with Jason Tuvia • Marcus & Millichap