$2,500,000 Price Analysis   ♡   West Hollywood, CA 90046 8 bed 8 bath 5,146 SqFt ($485/SqFt) 6,401SqFt lot. Built 1954 Listed 2024-06-25, Taxes $7,777 | Ⓧ USDA Ineligible due to price & location near West Hollywood |
We are pleased to present 926 N Spaulding Ave
A charming and well-kept American Colonial value-add investment opportunity delivered with 3 of 8 units vacant, located in the highly desirable city of West Hollywood; south of Santa Monica Blvd, west of N La Brea Ave and east of Fairfax Ave. The property boasts a WalkScore of 95 (Walker's Paradise) and is located steps from exceptional employment, lifestyle and leisure options that make West Hollywood one of the premier rental markets, attracting an affluent, upwardly mobile tenant base. This 1954 -built 2-story, 8-unit building has a desirable unit mix of 1 single, 6 (1+1) and 1 (2+1) units that range from approximately 450 to 950 gross square feet. The 5, 146 square foot structure is situated on a 6, 401 square foot R3B zoned lot. The house electric panel has been recently upgraded, as has a majority of the building's plumbing. Units feature hardwood and bamboo wood floors, large windows providing mple natural light (and some nice views for 2nd floor units), dining areas, air conditioning, gas heating and ample closet space for convenience.
Select units feature upgraded kitchens with new fridges, stoves and dishwashers, as well as newly renovated bathrooms. The property features an on-site laundry room and 6 covered carport parking spaces ensure resident vehicles are well-accommodated. The building is separately metered for gas and electric. 926 N Spaulding's excellent West Hollywood location offers residents unmatched access to career centers, educational institutions, restaurants, nightlife destinations, shopping (Whole Foods 0.4 miles, Trader Joe's 0.7 miles) and recreation (Poinsettia Park 0.5 miles, Plummer Park 0.6 miles), all within one of the most walkable and high-demand locations in Southern California. The property is also conveniently located 0.2 miles south of CA-2, 1.4 miles from Sunset Strip, 0.3 miles from Melrose shopping district, 1.3 miles from the La Cienega design district, 2.2 miles from Beverly Hills and 2.6 miles from the CA 101 freeway, ensuring easy access to the city's extensive transit network and other LA attractions. Strategically positioned in the heart of West Hollywood, this well-maintained asset is in a dynamic and centrally situated submarket, offering an astute investor the potential for significant appreciation and strong returns, supported by historically high tenant demand who enjoy a quality living experience in one of Los Angeles's most dynamic neighborhoods.
Presented by Matthew R. Kanner at
Keller Williams Realty Los Feliz.
Property MLS #24-405773 from TheMLSCLAW
Full Bathrooms: 8
Heating Features: Wall
Garage Description: Covered Parking, Assigned, Shared Driveway
Parking Total: 6
Lot Size Dimensions: 50x130
Lot Size Source: Assessor
Lot Size Square Feet: 6401
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 2200, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 17100, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3600
County: Los Angeles
Directions: 926 N Spaulding Ave is ideally situated in West Hollywood, 0.2 miles south of Santa Monica Blvd., 0.3 miles east of Fairfax Ave., 0.3 miles north of Melrose Ave. and 0.8 miles west of La Brea Ave.
Source Property Type: Residential Income
Area: West Hollywood Vicinity
Source Neighborhood: West Hollywood Vicinity
Parcel Number: 5530-023-006
Postal Code Plus 4: 6345
Zoning: WDR3C
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $290,354 + $191,397 $481,751 | $7,777 |
| 2021 | $284,661 + $187,645 $472,306 | $7,960 |
| 2020 | $281,743 + $185,721 $467,464 | $7,998 |
| 2019 | $276,219 + $182,080 $458,299 | $7,734 |
| 2018 | $270,803 + $178,510 $449,313 | $7,572 |
| 2017 | $265,494 + $175,010 $440,504 | $7,401 |
| 2016 | $260,289 + $171,579 $431,868 | $7,206 |
| 2015 | $256,380 + $169,002 $425,382 | $7,116 |
| 2014 | $251,358 + $165,692 $417,050 | $7,163 |
| 2013 | $250,222 + $164,944 $415,166 | $7,130 |
| 2012 | $245,316 + $161,710 $407,026 | $7,160 |
| 2010 | $240,506 + $158,540 $399,046 | $6,860 |
| 2009 | $239,277 + $157,730 $397,007 | $6,615 |
| 2009 | $238,709 + $157,356 $396,065 | $6,615 |
| 2008 | $234,586 + $154,638 $389,224 | $6,397 |
| 2007 | $229,987 + $151,606 $381,593 | $6,204 |
$2,500,000
TheMLSCLAW
Sold 1984-08-30
$252,500
Public Record
Sold 1973-08-30
$80,000
Public Record
Year Built: 1954
Levels: Two Level
Living Area Source: Assessor
Property Age: 70
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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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.