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

$1,760,077 Sold Price as of 09/16/2021
  • 8 Beds
  • 4 Baths
  • 3,968 Sq.Ft.
Sold
$1,760,077 Sold Price as of 09/16/2021 Refinance Your Mortgage
Map preview of 516 N Spaulding Ave, Los Angeles, CA 90036

Property Overview: 516 N Spaulding Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,968 living square feet and 5,723 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This Charming Spanish Style Fourplex is in the highly desirable Fairfax District, one of the most ideal and popular locations to own in all of Los Angeles. First time on the market in over 50+ years! Featuring 3,968 SQFT of living space on a 5,723 SQFT Lot, this 1920s character driven building is comprised of (4) 2 Bedroom + 1 Bathroom units. There are also 4 garages which makes parking extremely easy for tenants. The property is in a stellar location where income properties are owned for many generations and opportunities like this rarely become available. Very densely populated area with low vacancy rates and a great rental growth market. Great as investment or owner-user opportunity. Just a short stroll to The Grove, Shopping & Dining along trendy 3rd St./Beverly Blvd., The Beverly Center, and Fairfax High School.

Listed by David Weinberger | BRE #01349349 | Keller Williams Studio City
Co-listed by David Rothblum | BRE #01332525 | RE/MAX One
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
5,723
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21743544
City
Los Angeles
County
Los Angeles
Time on Site
1203 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: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,008
  • Total Rent: $2,008
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.1
  • Gross Scheduled Income: --
  • Net Operating Income: $65,797
  • Gross Operating Income: $97,053
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 516 N Spaulding Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Gas Cooktop, Oven
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Detached Carport
Property Information
  • Total # of Units: 4
  • Parcel Number: 5527025017
Location / Neighborhood
Location Information
  • Directions: Located on Spaulding. Main cross streets are Santa Monica Blvd, Melrose Ave, N. Fairfax Ave, N. La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 516 N Spaulding Ave

Last sold for $1,760,077 on September 16th, 2021

  • September, 2021

  • Sep 16, 2021

    Date

    Sold

    CRMLS: 21743544

    $1,760,077

    Price

  • Jun 22, 2021

    Date

    Active Under Contract

    CRMLS: 21743544

    $1,795,000

    Price

  • Jun 3, 2021

    Date

    Active

    CRMLS: 21743544

    $1,795,000

    Price

  • January, 2021

  • Jan 12, 2021

    Date

    Sold (Public Records)

    Public Records

    $227,500

    Price

  • January, 2021

  • Jan 12, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,155,000

    Price

Show More

Tax History for 516 N Spaulding Ave

Assessed Value (2020): $1,630,418
Year Land Value Improved Value Assessed Value
2020 $1,141,745 $488,673 $1,630,418

Home Value Compared to the Market

This property vs the competition

516 N Spaulding Ave sold on September 16, 2021 for 60.27% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $452.37 per/sqft which puts the price per square foot 37.52% lower than the current median sale per square foot for the city of Los Angeles.

About 516 N Spaulding Ave

Detailed summary of property

516 N Spaulding Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,968 living square feet, and sits on an approximately 5,723 square foot lot. 516 N Spaulding Ave was first listed on ArdentRealEstateGroup.com on June 4, 2021. The homeowner sold the property for $1,760,077. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 60.27% higher than the current median priced home. Local homes that are currently for sale include 6607 Fountain Ave, 1118 Hi Point St and 1125 Hi Point St. While the average home in Los Angeles, CA is selling in 106 days, 516 N Spaulding Ave has a days on market of 19 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 516 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 516 N Spaulding Ave

Public county record property details
Beds
8
Baths
4
Year built
1926
Sq. Ft.
3,968
Lot Size
5,723
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
661,662
APN
5527-025-017

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%)

Thinking of Selling?

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Recently Sold Homes Near 516 N Spaulding Ave

512 N Spaulding Ave, Los Angeles, CA 90036
$2,050,000 Last Sold Price
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8 Baths
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512 N Spaulding Ave
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530 N Spaulding Ave, Los Angeles, CA 90036
$3,200,000 Last Sold Price
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530 N Spaulding Ave
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542 N Genesee Ave, Los Angeles, CA 90036
$1,530,000 Last Sold Price
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606 N Spaulding Ave, Los Angeles, CA 90036
$2,225,000 Last Sold Price
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606 N Spaulding Ave
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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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