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639 1/2 N Spaulding Avenue

Los Angeles (City), CA 90036
  • $5,500,000
  • STATUS: Active Under Contract
  • ON SITE: 38 Days
  • ID#: 22191451
Under Contract
UPDATED: 84 min ago
$5,500,000
  • 28
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,220
    SQFT
  • $597
    $/SQFT
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing Agent(s): Jacob Plewa of Remax Commercial & Investment Realty (310-802-2500)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-26T23:27:35.533. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/132298873
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639 1/2 N Spaulding Avenue Los Angeles (City), CA 90036

  • Price: $5,500,000
  • Status: Active Under Contract
  • On Site: 38 Days
  • Updated: 84 min ago
  • ID#: 22191451
28
Beds
0
Baths
0
½ Baths
0.3
Acres
9,220
SQFT
$597
$/SQFT
1925
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
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.
Exterior Features

Attached Garage YN Yes Parking Total 10

Interior Features

Appliances Dishwasher Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 5.46 Gross Income 438892 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 300360 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-26T23:27:35.533. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369642639-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369642639-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369642639-1.jpg
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Jacob Plewa of Remax Commercial & Investment Realty (310-802-2500)