Active
610 N Spaulding Ave
Los Angeles CA, 90036
$1,950,000
$521.67 per sqft
Active
6 Beds
5 Baths
3,738 sqft
Residential
Built in 1939
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.
24-371815
MLSⓇ ID
March 22, 2024
Listed
May 15, 2024
Updated
Map
610 N Spaulding Ave
Los Angeles CA, 90036
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
5
Appliances
None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
Beverly Center-Miracle Mile
Days on Market
54
Garage
Yes
Garage Spaces
5
Parking
None
Parking Total
5
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listing History
Date | Event | Price |
---|---|---|
5/15/2024 | Price Change | $1,950,000 -8% |
Listed by Saadia 'Sam' Liberow with Marcus & Millichap
Listing Contact: 718-406-3128
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/15/2024