
Closed Listing
Spanish Fourplex By The Grove w/ 14.83 GRM
422 n spaulding ave
sold in
Fairfax District
Sold At
$
1,860,000
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.
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
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$465,000
Price p/ Sq. ft.
$506
Proforma Cap Rate
6.07%




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