904 N Spaulding Ave, West Hollywood, CA 90046
904 N Spaulding Ave, West Hollywood, CA 90046
904 N Spaulding Ave, West Hollywood, CA 90046
904 N Spaulding Ave, West Hollywood, CA 90046
904 N Spaulding Ave, West Hollywood, CA 90046
904 N Spaulding Ave, West Hollywood, CA 90046
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$ 1,995,000
Est. payment | /mo

8 Beds

8 Baths

5,132 SqFt


Save
$ 1,995,000
Est. payment | /mo
Save

8 Beds

8 Baths

5,132 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,132 sqft

Price per Sqft $388

MLS Listing ID 26905443

Bedrooms 8

Year Built 1957

Lot Size 6,423 Sqft

Acres 0.1475

Property Sub-Type Multi-Family

Property Description

We are pleased to present 904 N Spaulding Avenue, an eight-unit multifamily property located just south of Santa Monica Boulevard in the highly sought-after West Hollywood market. Built in 1957, the property offers approximately 5,132 rentable square feet on a 6,421-square-foot lot and features an attractive unit mix of (1) studio, (6) one-bedroom/one-bathroom units, and (1) two-bedroom/one-and-a-half-bathroom unit. The property is offered at a 5.22% cap rate with over 37% rental upside, providing attractive day-one cash flow with the opportunity to achieve an 8.03% stabilized cap rate based on projected market rents. The property also features six on-site parking spaces located at the rear, which may provide potential for future ADU development and the opportunity to add additional units (Buyer to Verify). Seller financing is available with 50% down, providing buyers with additional flexibility when structuring the acquisition. Seller financing is optional and is not a required condition of the sale. Located in the heart of West Hollywood, the property offers convenient access to major employment centers, dining, shopping, nightlife, and entertainment throughout West Hollywood, Beverly Hills, Hollywood, and the greater Los Angeles area. With strong in-place cash flow, significant rental upside, flexible seller financing, and potential ADU opportunities, 904 N Spaulding Avenue presents a compelling value-add investment opportunity.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR3C*

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Marcus & Millichap
Ronnie Leon

The Group Leon at Keller Williams Realty

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904 N Spaulding Ave