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Multifamily

610 N Spaulding Ave

610 N Spaulding Ave, Los Angeles, CA 90036

Listing Price: $2,100,000

Cap Rate
4.18%
Number of Units
5
GRM
15.29
Occupancy
3.0%
Price/Unit
$420,000
Price/Gross SF
$561.80
Gross SF
3,738

Investment Overview

Proven Stability
Benefit from the assurance of a property under the same dedicated ownership since 2007. This track record signifies not just ownership, but a commitment to consistent management and upkeep, ensuring enduring value and reliability from the subject property.

Prime Location
Positioned in the vibrant heart of the Fairfax district, this property isn't just an investment; it's a gateway to Los Angeles' cultural epicenter. Imagine owning a piece of real estate where excitement and convenience converge. From iconic landmarks such as The Grove, Farmers Market, and Melrose Avenue to numerous eclectic boutiques, the allure of this locale translates to high tenant demand and premium rental rates.

Walker's Paradise
With a stellar Walk Score of 95, this property caters to the modern lifestyle, where convenience reigns supreme. Tenants revel in the freedom to stroll to nearby attractions, fostering a sense of community and reducing reliance on transportation. As an investor, this translates to higher tenant retention rates and enhanced property desirability.

Unlock Hidden Value
Seize the opportunity to unlock approximately 28% upside and maximize your returns. By renovating units over time as the tenants vacate, you're not just enhancing aesthetics and preserving value, you're elevating profitability. Tap into the ever-evolving rental market of Los Angeles and position yourself for strong financial growth over time.

Desirable Demographics
The Fairfax district boasts a robust average household income of nearly 140K within 1 mile of the subject property, reflecting the area's affluent demographic and strong purchasing power. This economic stability contributes to a favorable investment climate and ensures continued demand for quality rental accommodations.

Opportunity Overview
610 N Spaulding Ave presents a compelling investment proposition characterized by long-term ownership, a prime location in the bustling Fairfax district, exceptional walkability, and promising upside potential through renovations. With its solid economic profile and strategic positioning, this property embodies a lucrative opportunity for discerning investors seeking to capitalize on the dynamic Los Angeles real estate market.

Investment Highlights

  • Proven Stability
  • Prime Location
  • Walker's Paradise
  • Unlock Hidden Value
  • Desirable Demographics
  • Opportunity Overview

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

Multifamily

610 N Spaulding Ave

Listing Price: $2,100,000

Cap Rate
4.18%
Number of Units
5
GRM
15.29
Occupancy
3.0%
Price/Unit
$420,000
Price/Gross SF
$561.80
Gross SF
3,738

Investment Highlights

  • Proven Stability
  • Prime Location
  • Walker's Paradise
  • Unlock Hidden Value
  • Desirable Demographics
  • Opportunity Overview

Investment Overview

Proven Stability Benefit from the assurance of a property under the same dedicated ownership since 2007. This track record signifies not just ownership, but a commitment to consistent management and upkeep, ensuring enduring value and reliability from the subject property. Prime Location Positioned in the vibrant heart of the Fairfax district, this property isn't just an investment; it's a gateway to Los Angeles' cultural epicenter. Imagine owning a piece of real estate where excitement and convenience converge. From iconic landmarks such as The Grove, Farmers Market, and Melrose Avenue to numerous eclectic boutiques, the allure of this locale translates to high tenant demand and premium rental rates. Walker's Paradise With a stellar Walk Score of 95, this property caters to the modern lifestyle, where convenience reigns supreme. Tenants revel in the freedom to stroll to nearby attractions, fostering a sense of community and reducing reliance on transportation. As an investor, this translates to higher tenant retention rates and enhanced property desirability. Unlock Hidden Value Seize the opportunity to unlock approximately 28% upside and maximize your returns. By renovating units over time as the tenants vacate, you're not just enhancing aesthetics and preserving value, you're elevating profitability. Tap into the ever-evolving rental market of Los Angeles and position yourself for strong financial growth over time. Desirable Demographics The Fairfax district boasts a robust average household income of nearly 140K within 1 mile of the subject property, reflecting the area's affluent demographic and strong purchasing power. This economic stability contributes to a favorable investment climate and ensures continued demand for quality rental accommodations. Opportunity Overview 610 N Spaulding Ave presents a compelling investment proposition characterized by long-term ownership, a prime location in the bustling Fairfax district, exceptional walkability, and promising upside potential through renovations. With its solid economic profile and strategic positioning, this property embodies a lucrative opportunity for discerning investors seeking to capitalize on the dynamic Los Angeles real estate market.

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

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