Property Details

Price $1,700,000

Year Built 1926

# of Units 4

Price P/ Unit $425,000

Sq. ft. 3,674 SF

Price p/ Sq. ft. $463

Current Cap Rate 4.57%

Proforma Cap Rate 5.29%

Lot Size 6,354 SF

Zoning LARD1.5

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About the Property

Located in the highly-desirable Fairfax District, and just a short walk from The Grove, the Spanish-Style fourplex resides in a ‘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 fas, 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. The well landscaped property features 8 total parking spaces (4-single-car garages and 4 open spaces) and a nicely landscaped community backyard. Offered in conjunction with the sale of a 10-unit value-add property in West Hollywood, 1116 N. Spaulding Ave (can be purchased separately).

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