Current CAP over 5%* with huge upside with proforma CAP over 7%. 3 Units are kept vacant and will be delivered vacant. Charming Melrose Village 12-unit ideally situated in the city of LA, adjacent to and benefiting from all that West Hollywood has to offer. Located 1/2 block from Melrose Avenue and 5 blocks from The Grove & Pan Pacific Park, 637 North Spaulding represents an opportunity to acquire a generational asset in a great area with great upside potential and located next to trendy restaurants, schools, houses of worship, parks and shopping. *3 vacant units are projected at market rents post renovations.
Property Details
Price:
$3,225,000
MLS #:
25494111
Status:
Active
Baths:
0
Address:
637 N Spaulding Avenue
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Feb 4, 2025
State:
CA
ZIP:
90036
Lot Size:
6,417 sqft / 0.15 acres (approx)
Year Built:
1928
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Interior
Appliances
Refrigerator
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Exterior
Parking Features
None
Parking Spots
0.00
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Map
Community
- Address637 N Spaulding Avenue Los Angeles CA
- AreaC19 – Beverly Center-Miracle Mile
- CityLos Angeles
- CountyLos Angeles
- Zip Code90036
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637 N Spaulding Avenue
Los Angeles, CA
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