422 North Spaulding Avenue

Los Angeles, CA 90036

$1,860,000
Last Sold Price
6
Beds
4
Baths
3,674 Sq. Ft.
$506 / Sq. Ft.
3,674
Sq. Ft.
$506
per Sq. Ft.

Description

Located in the highly-desirable Fairfax District, and just a short walk from The Grove, this Spanish-style fourplex resides in an 'A+' rental location that is consistently sought-after by high-income young professionals. 422 N. Spaulding features (2) 2-Bdrm units and (2) 1-Bdrm units. Each bright and spacious unit features recessed lighting, ceiling fans, wood flooring, an updated kitchen and an in-unit washer and dryer. Please note, a 1-Bdrm unit will be delivered VACANT upon close of escrow. This...Located in the highly-desirable Fairfax District, and just a short walk from The Grove, this Spanish-style fourplex resides in an 'A+' rental location that is consistently sought-after by high-income young professionals. 422 N. Spaulding features (2) 2-Bdrm units and (2) 1-Bdrm units. Each bright and spacious unit features recessed lighting, ceiling fans, wood flooring, an updated kitchen and an in-unit washer and dryer. Please note, a 1-Bdrm unit will be delivered VACANT upon close of escrow. This charming value-add property features 8 total parking spaces (4-single-car garages and 4 open spaces) and a nicely landscaped community backyard. 422 N. Spaulding is offered in conjunction with the sale of a 10-unit value-add property in West Hollywood, 1116 N. Spaulding Ave (can be purchased separately).

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

  3. Matthew Schwartz

    Matthew Schwartz

    Alternative Listing Agent

    Compass

    DRE #02035608

Property Details for 422 North Spaulding Avenue

Zoning
LARD1.5
Style
Spanish
Cross Streets
Oakwood Ave & N. Spaulding Ave.
Parcel Number
5527026024
Total Units
4.0
Living Area
3674
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)

Location

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

Sold By Compass, Kenny Stevens, DRE #01090251

Add your commute
LISTING UPDATED: 12/22/2022 01:55 PM

Property Details for 422 North Spaulding Avenue

StatusSold
MLS #22-143121
Days on Market49
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.15 AC / 6,354 SF
CountyLos Angeles County

Location

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

Sold By Compass, Kenny Stevens, DRE #01090251

Add your commute

Virtual Tour

Building Information for 422 North Spaulding Avenue

Stories2Residences-Year Built1926Building Size-Lot Size0.15 AC / 6,354 SF

Payment Calculator

$12,058 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,151

Property Taxes

$1,907

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 422 North Spaulding Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $111,162
  • Net Operating Income: $77,671.00
  • Gross Income: $114,600
  • Cap Rate: 4.57%
  • Gross Rent Multiplier: $14.83
  • Financial Info as Of: 05/17/2022
  • Total Annual Expense: 33491
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1459
  • Lot Size Square Feet: 6354
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Side By Side
  • Total Parking: 8
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage - Single Door, Side by Side
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Fireplace Features: Decorative
  • Fireplace Rooms: Decorative
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood, Tile
  • Equipment: Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Range/Oven, Washer, Stackable W/D Hookup
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-04-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 422 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 422 North Spaulding Avenue

Taxable ValueLand$1,210,000Additions$650,000Total$1,860,000
Tax Record2023$22,882 ($1,907 / month)
Home Facts
Total Finished SqFt3,674 SqFtAbove Grade Finished SqFt3,674 SqFtLot Size6,354 SqFtStyleQuadraplexYear Built1926ZoningLARD1.5CountyLOS ANGELESAPN5527-026-024

Schools near 422 North Spaulding Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

Melrose Elementary School
PublicK to 5

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; 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, Ojai Valley Board 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, Ojai Valley Board 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.