637 N Spaulding Avenue, Los Angeles, CA
Multi-family for Sale - $3,225,000 - 9,654 Sq. Ft. on 0.15 acres
Agent Info
| Eric Sackler Coldwell Banker Realty |
Property Info
| CIMLS# | 1171620 |
| Location 637 N Spaulding Avenue Los Angeles CA 90036 | |
| Updated | February 12th, 2025 |
| Type | Multi-family |
| Price | $3,225,000 |
| Building | 9,654 Sq. Ft. |
| Land | 0.15 acres |
Property Description
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.
