926 North Spaulding Avenue

We are pleased to present 926 N Spaulding Ave, a charming and well-kept American Colonial value-add investment opportunity delivered with 3 of 8 units vacant, located in the highly desirable city of West Hollywood; south of Santa Monica Blvd, west of N La Brea Ave, and east of Fairfax Ave. The property boasts a… WalkScore of 95 (Walker's Paradise) and is located steps from exceptional employment, lifestyle, and leisure options that make West Hollywood one of the premier rental markets, attracting an affluent, upwardly mobile tenant base. This 1954-built 2-story, 8-unit building has a desirable unit mix of 1 single, 6 (1+1), and 1 (2+1) units that range from approximately 450 to 950 gross square feet. The 5,146 square foot structure is situated on a 6,401 square foot R3B zoned lot. The house electric panel has been recently upgraded, as has a majority of the building's plumbing. Units feature hardwood and bamboo wood floors, large windows providing ample natural light (and some nice views for 2nd floor units), dining areas, air conditioning, gas heating, and ample closet space for convenience. Select units feature upgraded kitchens with new fridges, stoves, and dishwashers, as well as newly renovated bathrooms. The property features an on-site laundry room, and 6 covered carport parking spaces ensure resident vehicles are well-accommodated. The building is separately metered for gas and electric. 926 N Spaulding's excellent West Hollywood location offers residents unmatched access to career centers, educational institutions, restaurants, nightlife destinations, shopping (Whole Foods 0.4 miles, Trader Joe's 0.7 miles), and recreation (Poinsettia Park 0.5 miles, Plummer Park 0.6 miles), all within one of the most walkable and high-demand locations in Southern California. The property is also conveniently located just 0.2 miles south of CA-2, 1.4 miles from Sunset Strip, 0.3 miles from Melrose shopping district, 1.3 miles from the La Cienega design district, 2.2 miles from Beverly Hills, and 2.6 miles from the CA 101 freeway, ensuring easy access to the city's extensive transit network and other LA attractions. Strategically positioned in the heart of West Hollywood, this well-maintained asset is in a dynamic and centrally situated submarket, offering an astute investor the potential for significant appreciation and strong returns, supported by historically high tenant demand who enjoy a quality living experience in one of Los Angeles's most dynamic neighborhoods. Read More