1116 N Spaulding Ave is a rare West Hollywood multifamily investment opportunity located just one block north of Santa Monica Boulevard. This ten-unit, value-add property sits in one of the most walkable and sought-after submarkets in the Los Angeles multifamily landscape—steps from the vibrant retail, dining, and nightlife amenities along Santa Monica Blvd, Fairfax Ave, and La Brea Ave.

The unit mix at 1116 N Spaulding Ave consists of (2) two-bedroom, two-bath units and (8) one-bedroom units. Each ground-floor unit features a private patio, adding to the property’s tenant appeal. With current rents approximately 53% below market compared to renovated apartments in the area, this asset presents a substantial upside for investors looking to reposition in a location where renovated units consistently command premium pricing.

Set on a corner lot with alley access, the property offers rare parking amenities for the area, including a gated subterranean garage with 8 spaces and an additional surface lot with 5 more. The building also features a community laundry room and has received key capital improvements, including a new roof installed within the last five years (per management). The layout and infrastructure support a potential repositioning strategy, whether targeting long-term renters or modernizing units for premium market-rate tenancy.

Offered in conjunction with a Spanish-style fourplex located at 422 N Spaulding Ave near The Grove (which may be purchased separately), 1116 N Spaulding Ave provides an investor with the opportunity to acquire a well-located West Hollywood multifamily asset with immediate and long-term potential. With significant rental upside, strong in-place fundamentals, and an unbeatable location in one of LA’s most dynamic neighborhoods, this is a compelling acquisition for value-add investors and multifamily portfolio builders alike.