$1950000 Price Analysis   ♡   Los Angeles, CA 90036 6 bed 5 bath 3738 SqFt ($521/SqFt) 6354SqFt lot. Built 1939 Listed 2024-03-22, Taxes $9334 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Positioned in the vibrant heart of the Fairfax district
610 N Spaulding Ave transcends mere investment it serves as a gateway to Los Angeles' culturl epicenter. Its prime location offers a blend of excitement and convenience, with iconic landmarks like The Grove, Farmers Market and Melrose Avenue, along with numerous eclectic boutiques, driving high tenant demand and premium rental rates. With an impressive Walk Score of 95, this property caters to modern lifestyle preferences, prioritizing convenience and community engagement. Tenants enjoy the freedom to stroll to nearby attractions, enhancing tenant retention rates and property desirability for investors.
Seize the opportunity to unlock hidden value and maximize returns by renovating units over time, elevating profitability and tapping into the ever-evolving rental market of Los Angeles. Reflecting the area's affluent demographic and strong purchasing power, the Fairfax district boasts a robust average household income of nearly 140K within a mile of the property, contributing to a favorable investment climate and sustained demand for quality rental accommodations. Overall, 610 N Spaulding Ave presents a compelling investment opportunity, characterized by long-term ownership, prime location, exceptional walkability and promising upside potential through renovations, making it an attractive option for investors aiming to capitalize on the dynamic Los Angeles real estate market.
Presented by Saadia Liberow at
Marcus & Millichap.
Property MLS #24-371815 from TheMLSCLAW
Full Bathrooms: 5
Lot Size Dimensions: 50x127
Lot Size Source: Assessor
Lot Size Square Feet: 6354
Parking Total: 5
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2900, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3100, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2900, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2900, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2900
County: Los Angeles
Cap Rate: 4.6
Directions: Near cross streets N Spaulding Ave & Clinton St.
Source Property Type: Residential Income
Area: Beverly Center-Miracle Mile
Source Neighborhood: Beverly Center-Miracle Mile
Parcel Number: 5527-023-016
Postal Code Plus 4: 1838
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $391202 + $331017 $722219 | $9334 |
| 2021 | $383532 + $324527 $708059 | $9207 |
| 2020 | $379600 + $321200 $700800 | $9292 |
| 2019 | $372157 + $314902 $687059 | $8950 |
| 2018 | $364860 + $308728 $673588 | $8866 |
| 2017 | $357706 + $302675 $660381 | $8643 |
| 2016 | $350693 + $296741 $647434 | $8424 |
| 2015 | $345426 + $292284 $637710 | $8310 |
| 2014 | $338660 + $286559 $625219 | $8367 |
| 2013 | $337130 + $285264 $622394 | $8351 |
| 2012 | $330520 + $279671 $610191 | $8458 |
| 2010 | $324040 + $274188 $598228 | $8206 |
| 2009 | $322384 + $272786 $595170 | $7914 |
| 2009 | $321619 + $272139 $593758 | $7914 |
| 2008 | $316063 + $267438 $583501 | $7593 |
| 2007 | $309866 + $262195 $572061 | $7345 |
$1950000
TheMLSCLAW
Listed 2024-03-22
$2100000
TheMLSCLAW
Listing removed 2023-01-03
$0
TheMLSCLAW
Listed 2022-09-29
$2495000
TheMLSCLAW
Listing removed 2022-07-25
$0
TurboTenant
Listing removed 2022-06-30
$0
AppfolioUnits
Listed for rent 2022-06-24
$2295
AppfolioUnits
Listing removed 2022-06-21
$0
AppfolioUnits
Listed for rent 2022-06-18
$2295
AppfolioUnits
Listed for rent 2022-06-09
$2295
TurboTenant
Sold 1998-06-16
$480000
Public Record
Sold 1983-12-14
$275000
Public Record
Sold 1983-04-26
$195000
Public Record
Year Built: 1939
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 85
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.