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Multifamily

330 N Spaulding Ave

330 N Spaulding Ave, Los Angeles, CA 90036

Listing Price: $2,400,000

Cap Rate
3.54%
Number of Units
4
Occupancy
100.0%
Price/Unit
$600,000
Price/Gross SF
$465.75
Gross SF
5,153

Investment Overview

Marcus & Millichap is 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 & Vinny’s 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. 606 North Spaulding Avenue has a streamlined unit mix of four (4) 2-bedroom/1.5-bathroom units with amazing amenities included. These spacious units feature high ceilings and gorgeous natural lights. Each unit comes with tandem parking spaces and extra storage space included. There are a total of five (5) garage storage spaces, two (2) of which will be delivered vacant. For tenants with more than one (1) car, there are tons of street parking options available in the area. The property is located in a quiet and lush neighborhood. 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, three (3) of which will be delivered vacant. 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.

Investment Highlights

  • Prime Fairfax / Melrose Location
  • First Time on the Market in Over 20 Years
  • Qualifies for 30-Year Fixed Residential Financing
  • Two (2) Property Portfolio Featuring Two (2) Fourplexes on the Same Street Two (2) Blocks Apart From Each Other
  • May be Sold Together or Separately
  • Good Rental Upside Potential
  • 330 N Spaulding - Great Unit Mix of Three (3) Two Bedroom / One Bathroom Units, One (1) Two Bedroom / One and a Half Bathroom Unit, & Five (5) Garages with Three (3) Garage Vacancies
  • Character, Spanish Style Units

Exclusively Listed By

Listing Price: $2,400,000

Cap Rate
3.54%
Number of Units
4
Occupancy
100.0%
Price/Unit
$600,000
Price/Gross SF
$465.75
Gross SF
5,153

Investment Highlights

  • Prime Fairfax / Melrose Location
  • First Time on the Market in Over 20 Years
  • Qualifies for 30-Year Fixed Residential Financing
  • Two (2) Property Portfolio Featuring Two (2) Fourplexes on the Same Street Two (2) Blocks Apart From Each Other
  • May be Sold Together or Separately
  • Good Rental Upside Potential
  • 330 N Spaulding - Great Unit Mix of Three (3) Two Bedroom / One Bathroom Units, One (1) Two Bedroom / One and a Half Bathroom Unit, & Five (5) Garages with Three (3) Garage Vacancies
  • Character, Spanish Style Units

Investment Overview

Marcus & Millichap is 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 & Vinny’s 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. 606 North Spaulding Avenue has a streamlined unit mix of four (4) 2-bedroom/1.5-bathroom units with amazing amenities included. These spacious units feature high ceilings and gorgeous natural lights. Each unit comes with tandem parking spaces and extra storage space included. There are a total of five (5) garage storage spaces, two (2) of which will be delivered vacant. For tenants with more than one (1) car, there are tons of street parking options available in the area. The property is located in a quiet and lush neighborhood. 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, three (3) of which will be delivered vacant. 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.

Exclusively Listed By

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