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

$2,100,000
  • 3668 Beds
  • 3058 Baths
  • 3,738 Sq.Ft.
For Sale
$2,100,000 Get Pre-Qualified
Map preview of 610 N Spaulding Ave, Los Angeles, CA 90036

Property Overview: 610 N Spaulding Ave Los Angeles, CA has 3668 bedrooms, 3058 bathrooms, 3,738 living square feet and 6,354 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: Positioned in the vibrant heart of the Fairfax district, 610 N Spaulding Ave transcends mere investment it serves as a gateway to Los Angeles' cultural epicenter. Its prime location offers a blend of excitement and convenience, with iconic landmarks like The Grove, Farmers Market, and Melrose Avenue, along with numerous eclectic boutiques, driving high tenant demand and premium rental rates. With an impressive Walk Score of 95, this property caters to modern lifestyle preferences, prioritizing convenience and community engagement. Tenants enjoy the freedom to stroll to nearby attractions, enhancing tenant retention rates and property desirability for investors. Seize the opportunity to unlock hidden value and maximize returns by renovating units over time, elevating profitability and tapping into the ever-evolving rental market of Los Angeles. Reflecting the area's affluent demographic and strong purchasing power, the Fairfax district boasts a robust average household income of nearly 140K within a mile of the property, contributing to a favorable investment climate and sustained demand for quality rental accommodations. Overall, 610 N Spaulding Ave presents a compelling investment opportunity, characterized by long-term ownership, prime location, exceptional walkability, and promising upside potential through renovations, making it an attractive option for investors aiming to capitalize on the dynamic Los Angeles real estate market.

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Last checked: 1 minute ago | Last updated: March 30th, 2024 | Source CRMLS | DOM: 30
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Home details

Lot Sq. Ft
6,354
HOA Dues
$0/mo
Year built
1939
Garage
5 Car
Property Type:
Multi Family
Status
Active
MLS#
24371815
City
Los Angeles
County
Los Angeles
Time on Site
36 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 610
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,989
  • Total Rent: $1,989
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 2
  • # of Units: 612
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,196
  • Total Rent: $2,196
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 610
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,387
  • Total Rent: $2,387
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 4
  • # of Units: 612
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,075
  • Total Rent: $2,075
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 5
  • # of Units: 614
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.18%
  • Gross Rent Multiplier: 15.29
  • Gross Scheduled Income: --
  • Net Operating Income: $87,805
  • Gross Operating Income: $134,385
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 610 N Spaulding Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5527023016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Near cross streets N Spaulding Ave & Clinton St.
View more facts & features

Local Los Angeles Agent

Sale History for 610 N Spaulding Ave

Last sold on January 31st, 2007

  • March, 2024

  • Mar 22, 2024

    Date

    Active

    CRMLS: 24371815

    $2,100,000

    Price

  • December, 2022

  • Dec 31, 2022

    Date

    Expired

    CRMLS: 22204383

    $2,495,000

    Price

  • Sep 29, 2022

    Date

    Active

    CRMLS: 22204383

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    Great Location - Fairfax District, Los Angeles Desirable five unit apartment building one block from famous "Fairfax High School ''The building contains five units, four one bedroom and one 2 Bedroom. The location within a walking distance to many trendy restaurants on Melrose Ave, Fairfax Ave. Farmers Market, and the "Grove".Walking distance to world class designer shops, entertainment venues and transportation. The building is well maintained with great upside potential, charming units, all with hardwood floors and unique design, and prime rental location. No soft story work required.

  • January, 2007

  • Jan 31, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 1998

  • Jun 16, 1998

    Date

    Sold (Public Records)

    Public Records

    $480,000

    Price

Show More

Tax History for 610 N Spaulding Ave

Assessed Value (2020): $700,800
Year Land Value Improved Value Assessed Value
2020 $321,200 $379,600 $700,800

Home Value Compared to the Market

This property vs the competition

610 N Spaulding Ave is listed 69.9% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $561.8 per/sqft which puts the price per square foot 27.32% lower than the median price per square foot for the city of Los Angeles.

About 610 N Spaulding Ave

Detailed summary of property

610 N Spaulding Ave is a multi family located in Los Angeles, CA 90036 and is currently for sale. This multi family property offers 3668 bedrooms, 3058 bathrooms, roughly 3,738 living square feet, and sits on an approximately 6,354 square foot lot. 610 N Spaulding Ave was first listed on ArdentRealEstateGroup.com on March 22, 2024. The homeowner is currently asking $2,100,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 69.9% higher than the median priced home. Local competing homes currently for sale include 859 N Mansfield Ave, 6615 Melrose Ave and 806 N Citrus Ave. While the average home in Los Angeles, CA is selling in 96 days, 610 N Spaulding Ave has a days on market of 30 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 610 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 610 N Spaulding Ave

Public county record property details
Beds
5
Baths
5
Year built
1939
Sq. Ft.
3,738
Lot Size
6,354
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
672
APN
5527-023-016

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
$1,998,000
Median List Price/Sq.Ft.
$883
Median Sold Price
$742,090
Median Sold Price/Sq.Ft.
$783
Total Inventory
52
Median Sale to List Price %
99.08%
Avg Days on Market
35
Loan Type
Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 610 N Spaulding Ave

606 N Spaulding Ave, Los Angeles, CA 90036
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639-1 N Spaulding Ave, Los Angeles, CA 90036
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639-1 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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