1116 North Spaulding Avenue

West Hollywood, CA 90046

$3,400,000
Price
12
Beds
12
Baths
7,600 Sq. Ft.
$447 / Sq. Ft.
7,600
Sq. Ft.
$447
per Sq. Ft.

Description

Located in a prime West Hollywood pocket, 1 Block North of Santa Monica Blvd, 1116 N. Spaulding is a ten-unit value-add multifamily property minutes from several neighborhood hubs including Fairfax Ave, La Brea and SM Blvd. This value-add property features (2) 2-Bdrm and 2-Bath units and (8) 1-Bdrm units. Please note, each ground-floor unit features a private patio. 1116 N. Spaulding presents a significant value-add opportunity, as current rents are approx. 53% below market rates compared to renovated...

Property Details for 1116 North Spaulding Avenue

Zoning
WDR2*
Cross Streets
N. Spaulding Avenue & Norton Avenue

Location

Listing Courtesy of Compass, Kenny Stevens, DRE #01090251; Compass, Matthew Schwartz, DRE #02035608
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LISTING UPDATED: 05/17/2022 10:26 AM

Property Details for 1116 North Spaulding Avenue

StatusActive
MLS #22-143025
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.15 AC / 6,419 SF
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Location

Listing Courtesy of Compass, Kenny Stevens, DRE #01090251; Compass, Matthew Schwartz, DRE #02035608
Add your commute

Virtual Tour

Listing Agents

  1. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

  2. Matthew Schwartz

    Matthew Schwartz

    Alternative Listing Agent

    Compass

    DRE #02035608

Building Information for 1116 North Spaulding Avenue

Stories2Residences-Year Built1965Building Size-Lot Size0.15 AC / 6,419 SF

Payment Calculator

$13,841 per month

30 year fixed, 3.85% Interest

Principal and Interest

$12,752

Property Taxes

$1,089

HOA Dues

$0

Property Information for 1116 North Spaulding Avenue

Summary
    Location and General Information
  • Directions: Located 1 block North of Santa Monica Blvd. Heading West on SM Blvd, turn right onto N. Spaulding Ave and the property is located on the corner of Norton Ave.
  • Year Built Source: Vendor Enhanced
  • View Description: None
  • View: No
  • Street Number Numeric: 1116
  • Street Direction Prefix: N
  • Street Name: SPAULDING
    Parking
  • Garage Spaces Total: 8
  • Garage Structures Total: 1.0
  • Covered Parking: 5
  • Parking Garage: Subterranean, Gated, Covered Parking
  • Total Parking: 13
Property
    Property and Assessments
  • Assessed Improvement Percent: 70.8
  • Assessed Improvement Value: $613,717.00
  • Assessed Land Percent: 29.2
  • Assessed Land Value: $253,103.00
  • Assessed Total Value: $866,820.00
  • Assessor Parcel Number: 5530-011-015
  • Disclosures: As Is
  • Source Living Area: Vendor Enhanced
  • Source Lot Size Area: Vendor Enhanced
  • Number Of Photos: 6
    Lot Information
  • Area: West Hollywood Vicinity (C10)
  • Lot Acreage: 0.1474
  • Lot Location: Alley Access
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 7600
  • Lot Size Area: 6419
    Utilities
  • Laundry: Community, Individual Room
Interior and Exterior Features
    Interior Features
  • Baths Total: 0.0
  • Common Walls: Attached
  • Equipment: Built-Ins, Cable, Range/Oven, Freezer, Refrigerator
  • Heating: Wall Furnace
  • Number Of Stories: 2
  • Beds Total: 12
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Financial Info as Of: 05/17/2022
  • Gross Income: $208,751
  • Gross Operating Income: $202,489
  • Net Operating Income: $125,527.00
  • Total Annual Expense: 76962
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
    Unit 1 Information
  • Unit Beds1: 2
  • Unit Baths1: 2
  • Unit Projected Rent1: $3,000.00
  • Unit Actual Rent1: $2,500.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $2,500.00
    Unit 2 Information
  • Unit Projected Rent2: $3,000.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $2,081.00
  • Unit Beds2: 2
  • Unit Baths2: 2
  • Unit Actual Rent2: $2,081.00
    Unit 3 Information
  • Unit Beds3: 1
  • Unit Baths3: 1
  • Unit Actual Rent3: $3,800.00
  • Like Units3: 2
  • Unit Projected Rent3: $4,900.00
  • Unit Rent3: $1,900.00
  • Unit Furnished3: No
    Unit 4 Information
  • Unit Beds4: 1
  • Unit Baths4: 1
  • Like Units4: 1
  • Unit Actual Rent4: $1,715.00
  • Unit Projected Rent4: $2,450.00
  • Unit Rent4: $1,715.00
  • Unit Furnished4: No
    Unit 5 Information
  • Unit Beds5: 1
  • Unit Baths5: 1
  • Like Units5: 1
  • Unit Projected Rent5: $2,450.00
  • Unit Actual Rent5: $1,700.00
  • Unit Rent5: $1,700.00
  • Unit Furnished5: No
    Unit 6 Information
  • Unit Beds6: 1
  • Unit Baths6: 1
  • Like Units6: 1
  • Unit Actual Rent6: $1,480.00
  • Unit Projected Rent6: $2,450.00
  • Unit Rent6: $1,480.00
  • Unit Furnished6: No
    Unit 7 Information
  • Unit Beds7: 1
  • Unit Baths7: 1
  • Like Units7: 1
  • Unit Actual Rent7: $1,300.00
  • Unit Projected Rent7: $2,450.00
  • Unit Rent7: $1,300.00
  • Unit Furnished7: No
    Unit 8 Information
  • Unit Beds8: 1
  • Unit Baths8: 1
  • Unit Furnished8: No
  • Like Units8: 1
  • Unit Projected Rent8: $2,450.00
  • Unit Actual Rent8: $1,090.00
  • Unit Rent8: $1,090.00
    Unit 9 Information
  • Unit Beds9: 1
  • Unit Baths9: 1
  • Unit Furnished9: No
  • Like Units9: 1
  • Unit Projected Rent9: $2,450.00
  • Unit Actual Rent9: $630.00
  • Unit Rent9: $630.00
Rental
    Rental Information
  • Vacancy Rate: 0
  • Gross Rent Multiplier: $16.29
  • Number Of Buildings: 1
  • Number Of Units: 10
Additional Information
    Additional Information
  • Lot Size Square Feet: 6419

Property History for 1116 North Spaulding Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1116 North Spaulding Avenue

Taxable ValueLand$253,103Additions$614,717Total$867,820
Tax Record2021$13,063 ($1,089 / month)
Home Facts
Total Finished SqFt7,600 SqFtAbove Grade Finished SqFt7,600 SqFtLot Size6,419 SqFtStyleMulti-Family Res (5+ Units)Year Built1965Year Renovated1965ZoningWDR2*CountyLOS ANGELESAPN5530-011-015

Schools near 1116 North Spaulding Avenue


SchoolTypeGradesDistanceRating
West Hollywood OpportunityPublic7-120.3 mi
NR
Larchmont CharterCharterK-120.3 mi
8
ABC Little SchoolPrivateK-10.4 mi
NR
Ofman Learning CenterPrivate9-120.5 mi
NR

West Hollywood Opportunity

7-12, 0.3 mi, Public

NR

Larchmont Charter

K-12, 0.3 mi, Charter

8

ABC Little School

K-1, 0.4 mi, Private

NR

Ofman Learning Center

9-12, 0.5 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1116 North Spaulding Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on April 4, 2022 by Compass at $3,400,000. It has been on the market for a total of 53 days and was last sold on February 25, 2004. This listing's school district is Los Angeles Unified. Nearby schools include Gardner Street Elementary, Hubert Howe Bancroft Middle and Fairfax Senior High. 1116 North Spaulding Avenue is a 12-bed, 12-bath, 7,600 sqft multi-family home built in 1965.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements. OriginPoint LLC is an affiliate of the Compass companies (OriginPoint LLC and Compass, each an “Affiliate”). As Affiliates, any referral by one Affiliate to the other may provide the referring company, its affiliates, and/or their employees with a financial or other benefit. You are not required to use OriginPoint and are free to shop around and compare the terms of other providers.

Listing Courtesy of Compass, Kenny Stevens, DRE #01090251; Compass, Matthew Schwartz, DRE #02035608

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.