Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
$2,075,000
We are pleased to present an eight (8) unit apartment building located at 636-638 N Spaulding Ave in Los Angeles, California. The subject property is located in a prime Fairfax location, just south of Melrose Ave and east of Fairfax Ave. Situated in a prime Fairfax location adjacent to West… Read More Hollywood, the property benefits from long-term ownership and a desirable all one-bedroom unit mix with approximately 20% rental upside. Select units feature modern renovations including stainless steel appliances, hardwood floors, and updated kitchens, while the asset maintains charming Spanish-style architecture. Amenities include on-site laundry, parking, and a rare widened shared driveway for easy access. A significant roof replacement was completed in 2024, with occupancy exceeding 95% over the past five years. The property offers ADU potential (buyer to verify) and is within walking distance to Melrose Avenue, The Grove, and numerous dining and retail amenities. With strong in-place occupancy, approximately 20% rental upside, a prime Fairfax location, on-site parking with a rare widened driveway, and recent roof replacement, the property presents a compelling combination of immediate income, operational ease, and long-term value-add potential in one of Los Angeles' most desirable rental markets. Read Less
Listing Snapshot
Days Online
21
Last Updated
Beds
8
Square Ft.
5,234
Lot Size
0.15 Acres
Year Built
1925
MLS Number
26827979
Additional Details
Building
Built in 1925, Living area: 5234.0, 1 building, Levels: Two
Income
Gross Income: $183,936, Net Operating Income: $108,196
Lot
0.1459 acres
Parking
Uncovered
Taxes
Parcel Number: 5527023022, Zoning: LARD1.5
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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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