Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 818-212-2700
$1,895,000
610 N Spaulding Ave offers a rare opportunity to invest in a well-maintained property with proven stability, having been under the same dedicated ownership since 2007. This long-term stewardship reflects consistent management and care, ensuring enduring value. Ideally situated in the heart of the Fairfax District of Los Angeles' most… Read More vibrant cultural hubs the property enjoys proximity to iconic destinations like The Grove, the Original Farmers Market, and Melrose Avenue. Beyond its exceptional location, the property presents investors with meaningful value-add potential. Approximately 25% rental upside can be unlocked through strategic unit renovations as vacancies arise, offering a clear path to increased returns. The surrounding area is defined by desirable demographics, with an average household income nearing $126K within a one-mile radius, signaling strong purchasing power and sustained demand for quality housing. Altogether, 610 N Spaulding Ave represents a compelling investment opportunity, combining long-term stability, walkability, upside potential, and a prime position in one of L.A.'s most dynamic rental markets. Read Less
Listing Snapshot
Days Online
55
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,738
Lot Size
0.15 Acres
Year Built
1939
MLS Number
25520607
30 Days Snapshot Of 90036
$1.70M
-15%
(avg) sold price
11
+37%
homes sold
82
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1939, Building area total: 3,738, Levels: Two, Living area: 3738, 2 stories, 1 building, Construction materials: Stucco
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $141,499, Net operating income: $92,741
Lot
0.1459 acres, 6,356 square feet, Size: 6,356
Parking
5 totals parking
Property
Zoning: LARD1.5
Tenant Pays
Electricity, Gas, TrashCollection
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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