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

$3,495,000
  • 8 Beds
  • 8 Baths
  • 4,710 Sq.Ft.
For Sale
$3,495,000 Get Pre-Qualified
Map preview of 506 N Spaulding Ave, Los Angeles, CA 90036

Property Overview: 506 N Spaulding Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,710 living square feet and 6,361 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Gorgeous and charming Spanish-style 4-Unit gem in the heart of the highly sought after Fairfax District. Nestled on a picturesque and quiet street, this property offers timeless elegance with the perfect blend of original character and modern conveniences. Completely and tastefully remodeled down to the studs, each sun-drenched unit features spacious living and dining areas, showcasing beautiful architectural details throughout. Enjoy the comfort of air conditioning, the convenience of in-unit laundry, and the added benefit of a private garage for each unit. One unit can be delivered vacant, presenting an ideal owner/user opportunity. Not to mention previous approved plans included a recreation room or potential ADU above the garages, adding even more value and flexibility to this exceptional property. Located just minutes from The Grove, CBS Studios, Melrose Avenue, Beverly Center, and the vibrant nightlife of West Hollywood, this property is perfectly situated in one of LA's most dynamic neighborhoods. Don't miss out on this incredible investment opportunity in one of Los Angeles' most vibrant and desirable areas!

Listed by Jaclyn Naidoo | BRE #01974475 | Rodeo Realty
Co-listed by Alec Traub | BRE #01403054 | Rodeo Realty
Last checked: 10 minutes ago | Last updated: August 20th, 2024 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
6,361
HOA Dues
$0/mo
Year built
1926
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24426975
City
Los Angeles
County
Los Angeles
Time on Site
37 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: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,634
  • Total Rent: $3,634
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,045
  • Total Rent: $4,045
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,275
  • Total Rent: $4,725
  • Pro Forma/Market Rent: $4,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 506 N Spaulding Ave

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Property Details for 506 N Spaulding Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Property Information
  • Total # of Units: 4
  • Parcel Number: 5527025015
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Melrose to Spaulding
View more facts & features

Local Los Angeles Agent

Sale History for 506 N Spaulding Ave

Last sold on May 22nd, 2012

  • August, 2024

  • Aug 12, 2024

    Date

    Active

    CRMLS: 24426975

    $3,495,000

    Price

  • May, 2012

  • May 22, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2005

  • May 20, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

Show More

Tax History for 506 N Spaulding Ave

Assessed Value (2020): $1,295,239
Year Land Value Improved Value Assessed Value
2020 $941,995 $353,244 $1,295,239

Home Value Compared to the Market

This property vs the competition

506 N Spaulding Ave is listed 191.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $742.04 per/sqft which puts the price per square foot 3.38% lower than the median price per square foot for the city of Los Angeles.

About 506 N Spaulding Ave

Detailed summary of property

506 N Spaulding Ave is a multi family located in Los Angeles, CA 90036 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 4,710 living square feet, and sits on an approximately 6,361 square foot lot. 506 N Spaulding Ave was first listed on ArdentRealEstateGroup.com on August 13, 2024. The homeowner is currently asking $3,495,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 191.25% higher than the median priced home. Local competing homes currently for sale include 6708 Willoughby Ave, 911 Seward St and 724 S Mansfield Ave. While the average home in Los Angeles, CA is selling in 106 days, 506 N Spaulding Ave has a days on market of 35 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 506 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 506 N Spaulding Ave

Public county record property details
Beds
8
Baths
8
Year built
1926
Sq. Ft.
4,710
Lot Size
6,359
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
660
APN
5527-025-015

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
$2,199,000
Median List Price/Sq.Ft.
$937
Median Sold Price
$1,675,000
Median Sold Price/Sq.Ft.
$754
Total Inventory
31
Median Sale to List Price %
95.71%
Avg Days on Market
31
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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