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

$1,915,000 Sold Price as of 11/10/2022
  • 6 Beds
  • 4 Baths
  • 3,781 Sq.Ft.
Sold
$1,915,000 Sold Price as of 11/10/2022 Refinance Your Mortgage
Map preview of 429 N Spaulding Ave, Los Angeles, CA 90036

Property Overview: 429 N Spaulding Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,781 living square feet and 6,422 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Gorgeous and charming 4-unit complex in highly desirable Fairfax District. This well maintained property sits on a quaint street and is a rare investment opportunity. All four units have long term tenants with amazing upside potential on monthly rents. All four units are light and bright with spacious living/dining areas, historic original charm/details throughout, but with all the modern amenities. Each unit comes with its own garage. Property sits in an ideal location just minutes from the world famous Melrose Ave, The Grove, Beverly Center, Fairfax Junction, West Hollywood, Downtown LA, high-end shopping, top-tier dining, amazing nightlife and everything else Los Angeles has to offer! Don't miss this incredible invest in one of Los Angeles' most vibrant & neighborhoods.

Listed by Jesse Weinberg | BRE #01435805 | Jesse Weinberg
Co-listed by Blake Taylor | BRE #01874577 | Jesse Weinberg
Last checked: 14 minutes ago | Last updated: November 10th, 2022 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
6,422
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22188669
City
Los Angeles
County
Los Angeles
Time on Site
632 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,249
  • Total Rent: $2,249
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,414
  • Total Rent: $1,414
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,928
  • Total Rent: $1,928
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,821
  • Total Rent: $1,821
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.25%
  • Gross Rent Multiplier: 24.7
  • Gross Scheduled Income: --
  • Net Operating Income: $71,473
  • Gross Operating Income: $88,944
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 429 N Spaulding Ave

Interior Features
Fireplace Information
  • Has Fireplace
  • Living Room
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Garage, Uncovered
Property Information
  • Total # of Units: 4
  • Parcel Number: 5527027014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Melrose. East of Fairfax.
View more facts & features

Local Los Angeles Agent

Sale History for 429 N Spaulding Ave

Last sold for $1,915,000 on November 10th, 2022

  • November, 2022

  • Nov 10, 2022

    Date

    Sold

    CRMLS: 22188669

    $1,915,000

    Price

  • Aug 18, 2022

    Date

    Active

    CRMLS: 22188669

    $2,099,000

    Price

  • August, 2022

  • Aug 11, 2022

    Date

    Canceled

    CRMLS: 22147321

    $2,199,000

    Price

  • Apr 28, 2022

    Date

    Active

    CRMLS: 22147321

    $2,199,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2021

  • Jun 22, 2021

    Date

    Active

    CRMLS: 21751944

    $2,249,000

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous and charming 4-unit complex in highly desirable Fairfax District. This well maintained property sits on a quaint street and is a rare investment opportunity. All four units have long term tenants with amazing upside potential on monthly rents. Each unit consists of a great layout with 2 bedrooms, 1 bathroom, spacious living dining areas, historic original details throughout and all the modern amenities. Each unit comes with its own garage. Property sits in an ideal location just minutes from the world famous Melrose Ave, The Grove, Beverly Center, Fairfax Junction, West Hollywood, Downtown LA, high-end shopping, top-tier dining, amazing nightlife and everything else Los Angeles has to offer! Don't miss this incredible invest in one of Los Angeles' most vibrant & neighborhoods.

  • June, 2021

  • Jun 20, 2021

    Date

    Expired

    CRMLS: 20642700

    $2,249,000

    Price

  • Oct 15, 2020

    Date

    Active

    CRMLS: 20642700

    $2,249,000

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous and charming 4-unit complex in highly desirable Fairfax District. This well maintained property sits on a quaint street and is a rare investment opportunity. All four units have long term tenants with amazing upside potential on monthly rents. Each unit consists of a great layout with 2 bedrooms, 1 bathroom, spacious living dining areas, historic original details throughout and all the modern amenities. Each unit comes with its own garage. Property sits in an ideal location just minutes from the world famous Melrose Ave, The Grove, Beverly Center, Fairfax Junction, West Hollywood, Downtown LA, high-end shopping, top-tier dining, amazing nightlife and everything else Los Angeles has to offer! Don't miss this incredible invest in one of Los Angeles' most vibrant & neighborhoods.

  • May, 1999

  • May 17, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 429 N Spaulding Ave

Assessed Value (2020): $428,770
Year Land Value Improved Value Assessed Value
2020 $238,011 $190,759 $428,770

Home Value Compared to the Market

This property vs the competition

429 N Spaulding Ave sold on November 10, 2022 for 76.39% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $555.14 per/sqft which puts the price per square foot 26.47% lower than the current median sale per square foot for the city of Los Angeles.

About 429 N Spaulding Ave

Detailed summary of property

429 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 3,781 living square feet, and sits on an approximately 6,422 square foot lot. 429 N Spaulding Ave was first listed on ArdentRealEstateGroup.com on August 18, 2022. The homeowner sold the property for $1,915,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 76.39% higher than the current median priced home. Local homes that are currently for sale include 859 N Mansfield Ave, 806 Alandele Ave and 812 Alandele Ave. While the average home in Los Angeles, CA is selling in 93 days, 429 N Spaulding Ave has a days on market of 57 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 429 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 429 N Spaulding Ave

Public county record property details
Beds
6
Baths
4
Year built
1925
Sq. Ft.
3,781
Lot Size
6,422
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
413
APN
5527-027-014

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
$1,995,000
Median List Price/Sq.Ft.
$881
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
53
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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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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