Closed Listing

Spanish Fourplex By The Grove w/ 14.83 GRM

422 n spaulding ave

sold in

Fairfax District

4

Number of Units

1926

Year Built

3,674

SF

Square Footage

6,354

SF

Lot Size

LARD1.5

Zoning

422 N Spaulding Ave, Los Angeles, CA 90036

About the Property

422 N Spaulding Ave is a charming Fairfax District fourplex located in one of Los Angeles’ most desirable and consistently high-performing rental neighborhoods. Just a short walk from The Grove and a wide array of cafés, boutiques, and cultural hotspots along Fairfax, Melrose, and West 3rd Street, this Fairfax District multifamily asset is ideally positioned to attract high-income tenants seeking walkability and lifestyle convenience.

The property consists of (4) total units, including (2) two-bedroom units and (2) one-bedroom units, all thoughtfully updated to appeal to today’s renter. Each unit at 422 N Spaulding Ave features wood flooring, recessed lighting, ceiling fans, in-unit laundry, and renovated kitchens with updated cabinetry and appliances. These bright and well-laid-out interiors offer a comfortable living experience with character-filled Spanish-style charm. One of the one-bedroom units will be delivered vacant upon close of escrow, giving a new investor immediate lease-up potential or a possible owner-user opportunity.

Outside, the property is exceptionally well-maintained, with a landscaped community yard and a total of eight parking spaces, including four single-car garages and four open parking spots—an increasingly rare amenity in the dense Fairfax District multifamily market. The garages also offer potential for ADU conversion (buyer to verify), providing long-term upside for investors looking to boost income.

This Fairfax District fourplex is being offered in conjunction with a 10-unit value-add property at 1116 N Spaulding Ave in West Hollywood, though both assets can be purchased separately. With strong existing income, in-place upgrades, and a location that continues to outperform market averages, 422 N Spaulding Ave represents a rare opportunity to own a stabilized, low-maintenance asset in one of Los Angeles’ most iconic and rent-driven neighborhoods.

4

Number of Units

1926

Year Built

3,674

SF

Square Footage

6,354

SF

Lot Size

LARD1.5

Zoning

422 N Spaulding Ave.
Beverly Grove / Melrose / Fairfax

Offering Price

$1,860,000

Number of Units

4 Units

Price per. Unit

$465,000

Bldg. Size

3,674 SF

Price per Foot

$506

Lot Size

6,354 SF

Year Built

1926

Current CAP

4.99%

Market CAP

6.07%

Zoning

LARD1.5

Price P/ Unit

$465,000

Price p/ Sq. ft.

$506

Proforma Cap Rate

6.07%

Contact

Sales agent

A large tree shades a quaint fourplex at 422 n spaulding ave, under a blue sky with fluffy clouds.
A large tree shades a quaint fourplex at 422 n spaulding ave, under a blue sky with fluffy clouds.
A large tree shades a quaint fourplex at 422 n spaulding ave, under a blue sky with fluffy clouds.
A large tree shades a quaint fourplex at 422 n spaulding ave, under a blue sky with fluffy clouds.
Cars parked in a spacious area at 422 n spaulding ave, surrounded by greenery and buildings under a partly cloudy sky.
Cars parked in a spacious area at 422 n spaulding ave, surrounded by greenery and buildings under a partly cloudy sky.
Cars parked in a spacious area at 422 n spaulding ave, surrounded by greenery and buildings under a partly cloudy sky.
Cars parked in a spacious area at 422 n spaulding ave, surrounded by greenery and buildings under a partly cloudy sky.
A driveway at 422 n spaulding ave, leading to a garage, with a green lawn and trees under a blue sky.
A driveway at 422 n spaulding ave, leading to a garage, with a green lawn and trees under a blue sky.
A driveway at 422 n spaulding ave, leading to a garage, with a green lawn and trees under a blue sky.
A driveway at 422 n spaulding ave, leading to a garage, with a green lawn and trees under a blue sky.
Bright living room at 422 n spaulding ave, with modern furniture, a ceiling fan, and windows letting in natural light.
Bright living room at 422 n spaulding ave, with modern furniture, a ceiling fan, and windows letting in natural light.
Bright living room at 422 n spaulding ave, with modern furniture, a ceiling fan, and windows letting in natural light.
Bright living room at 422 n spaulding ave, with modern furniture, a ceiling fan, and windows letting in natural light.

Video

MEET THE TEAM

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Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
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Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

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Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.