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422 N Spaulding Ave, Los Angeles, CA 90036
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422 N Spaulding Ave Los Angeles, CA 90036

$1,860,000 Sold Price as of 12/05/2022
  • 6 Beds
  • 4 Baths
  • 3,674 Sq.Ft.
Sold
$1,860,000 Sold Price as of 12/05/2022 Refinance Your Mortgage
Map preview of 422 N Spaulding Ave, Los Angeles, CA 90036

Property Overview: 422 N Spaulding Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,674 living square feet and 6,354 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the highly-desirable Fairfax District, and just a short walk from The Grove, this Spanish-style fourplex resides in an 'A+' rental location that is consistently sought-after by high-income young professionals. 422 N. Spaulding features (2) 2-Bdrm units and (2) 1-Bdrm units. Each bright and spacious unit features recessed lighting, ceiling fans, wood flooring, an updated kitchen and an in-unit washer and dryer. Please note, a 1-Bdrm unit will be delivered VACANT upon close of escrow. This charming value-add property features 8 total parking spaces (4-single-car garages and 4 open spaces) and a nicely landscaped community backyard. 422 N. Spaulding is offered in conjunction with the sale of a 10-unit value-add property in West Hollywood, 1116 N. Spaulding Ave (can be purchased separately).

Listed by Kenny Stevens | BRE #01090251 | Compass
Co-listed by Matthew Schwartz | BRE #02035608 | Compass
Last checked: 1 minute ago | Last updated: December 22nd, 2022 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
6,354
HOA Dues
$0/mo
Year built
1926
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
22143121
City
Los Angeles
County
Los Angeles
Time on Site
823 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.57%
  • Gross Rent Multiplier: 14.83
  • Gross Scheduled Income: --
  • Net Operating Income: $77,671
  • Gross Operating Income: $111,162
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 422 N Spaulding Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage - Single Door, Side by Side
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5527026024
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Heading west on Beverly Blvd, turn right onto N. Spaulding Ave. The subject property is located on your right-hand side just North of Oakwood Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 422 N Spaulding Ave

Last sold for $1,860,000 on December 5th, 2022

  • December, 2022

  • Dec 5, 2022

    Date

    Sold

    CRMLS: 22143121

    $1,860,000

    Price

  • Apr 4, 2022

    Date

    Active

    CRMLS: 22143121

    $2,200,000

    Price

Tax History for 422 N Spaulding Ave

Assessed Value (2020): $386,435
Year Land Value Improved Value Assessed Value
2020 $222,201 $164,234 $386,435

Home Value Compared to the Market

This property vs the competition

422 N Spaulding Ave sold on December 5, 2022 for 33.44% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $462.71 per/sqft which puts the price per square foot 41.5% lower than the current median sale per square foot for the city of Los Angeles.

About 422 N Spaulding Ave

Detailed summary of property

422 N Spaulding Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,674 living square feet, and sits on an approximately 6,354 square foot lot. 422 N Spaulding Ave was first listed on ArdentRealEstateGroup.com on April 4, 2022. The homeowner sold the property for $1,860,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.44% higher than the current median priced home. Local homes that are currently for sale include 1805 Nichols Canyon Rd, 1118 Hi Point St and 1125 Hi Point St. While the average home in Los Angeles, CA is selling in 100 days, 422 N Spaulding Ave has a days on market of 49 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 422 N Spaulding Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 422 N Spaulding Ave

Public county record property details
Beds
6
Baths
4
Year built
1926
Sq. Ft.
3,674
Lot Size
6,353
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
397
APN
5527-026-024

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$963
Median Sold Price
$2,310,000
Median Sold Price/Sq.Ft.
$778
Total Inventory
39
Median Sale to List Price %
94.29%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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