1116 N SPAULDING AVE, WEST HOLLYWOOD, California, 90046

1116 N SPAULDING AVE
WEST HOLLYWOOD CA 90046

Cross street:N. Spaulding Avenue & Norton Avenue

Property

Ownership: For Sale
Bedrooms: 12 BR
Bathrooms: 12
Pets: Pets Unknown
Area: 6419 sq ft
Lot Size: 0.15 Acres

Financials

Price: $3,400,000
271 North Canon Drive Beverly Hills, CA 90210
Courtesy of Compass

Description

Located in a prime West Hollywood pocket, 1 Block North of Santa Monica Blvd, 1116 N. Spaulding is a ten-unit value-add multifamily property minutes from several neighborhood hubs including Fairfax Ave, La Brea and SM Blvd. This value-add property features (2) 2-Bdrm and 2-Bath units and (8) 1-Bdrm units. Please note, each ground-floor unit features a private patio. 1116 N. Spaulding presents a significant value-add opportunity, as current rents are approx. 53% below market rates compared to renovated units in the area. This corner lot property with alley access features a gated subterranean parking garage with 8 parking spaces, an additional parking area with 5 spaces, a community laundry room and a new roof installed in the last 5 years (per management). 1116 N. Spaulding is offered in conjunction with the sale of a Spanish-style fourplex near The Grove, 422 N. Spaulding (can be purchased separately).

Neighborhood

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1116 N SPAULDING AVE Hollywood Hills East LA

Description

Located in a prime West Hollywood pocket, 1 Block North of Santa Monica Blvd, 1116 N. Spaulding is a ten-unit value-add multifamily property minutes from several neighborhood hubs including Fairfax Ave, La Brea and SM Blvd. This value-add property features (2) 2-Bdrm and 2-Bath units and (8) 1-Bdrm units. Please note, each ground-floor unit features a private patio. 1116 N. Spaulding presents a significant value-add opportunity, as current rents are approx. 53% below market rates compared to renovated units in the area. This corner lot property with alley access features a gated subterranean parking garage with 8 parking spaces, an additional parking area with 5 spaces, a community laundry room and a new roof installed in the last 5 years (per management). 1116 N. Spaulding is offered in conjunction with the sale of a Spanish-style fourplex near The Grove, 422 N. Spaulding (can be purchased separately).

Neighborhood

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