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

$5,447,000 Sold Price as of 12/14/2022
  • 28 Beds
  • 14 Baths
  • 9,220 Sq.Ft.
Sold
$5,447,000 Sold Price as of 12/14/2022 Refinance Your Mortgage
Map preview of 639 N Spaulding Ave, Los Angeles, CA 90036

Property Overview: 639 N Spaulding Ave Los Angeles, CA has 28 bedrooms, 14 bathrooms, 9,220 living square feet and 13,010 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Incredibly rare 50% VACANT multifamily asset at 639 -649 N Spaulding Drive situated in the historic Melrose / Fairfax District. Centrally located within walking distance to The Grove, Original Farmers Market, Melrose, Fairfax & 3rd Street shopping districts. A quick walk to Fairfax district & Pan Pacific Park, this rare offering presents an astute investor with the unique opportunity to capitalize on the high vacancy factor at the property, renovate units & achieve a high yield right away.

Listed by Jacob Plewa | BRE #02041641 | REMAX COMMERCIAL & INVESTMENT REALTY
Last checked: 11 minutes ago | Last updated: December 16th, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
13,010
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22191451
City
Los Angeles
County
Los Angeles
Time on Site
617 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,612
  • Total Rent: $36,574
  • Pro Forma/Market Rent: $46,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.46%
  • Gross Rent Multiplier: 12.53
  • Gross Scheduled Income: --
  • Net Operating Income: $300,360
  • Gross Operating Income: $425,725
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 639 N Spaulding Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Property Information
  • Total # of Units: 14
  • Parcel Number: 5527022003
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The property is situated on a large double lot 1 block S of Melrose & Spaulding Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 639 N Spaulding Ave

Last sold for $5,447,000 on December 14th, 2022

  • December, 2022

  • Dec 14, 2022

    Date

    Sold

    CRMLS: 22191451

    $5,447,000

    Price

  • Aug 15, 2022

    Date

    Active

    CRMLS: 22191451

    $5,500,000

    Price

  • November, 2003

  • Nov 4, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 639 N Spaulding Ave

Assessed Value (2020): $310,518
Year Land Value Improved Value Assessed Value
2020 $137,846 $172,672 $310,518

Home Value Compared to the Market

This property vs the competition

639 N Spaulding Ave sold on December 14, 2022 for 362.18% 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 $596.53 per/sqft which puts the price per square foot 20.99% lower than the current median sale per square foot for the city of Los Angeles.

About 639 N Spaulding Ave

Detailed summary of property

639 N Spaulding Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 28 bedrooms, 14 bathrooms, roughly 9,220 living square feet, and sits on an approximately 13,010 square foot lot. 639 N Spaulding Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $5,447,000. 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 362.18% higher than the current median priced home. Local homes that are currently for sale include 9025 W 3rd St, 1975 S Corning St and 722 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 93 days, 639 N Spaulding Ave has a days on market of 17 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 639 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 639 N Spaulding Ave

Public county record property details
Beds
28
Baths
14
Year built
1925
Sq. Ft.
9,220
Lot Size
13,009
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
686,687
APN
5527-022-003

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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 639 N Spaulding Ave

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