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904 N Spaulding Ave
Los Angeles, CA 90046

$1,995,000 USD

Apartments For Sale  •  5,132 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,132 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1957
  • Zoning R3
50 Transit Score
80 Walk Score

Highlights

Seller financing is available with 50% down as an optional financing structure and is not required as a condition of the sale.
Features approximately ±5,132 square feet of rentable space with (1) Studio, (6) 1 Bedroom/1 Bath, and (1) 2 Bedroom/1.5 Bath units.
Attractive day-one cash flow with over 37% rental upside and the potential to achieve an 8.03% cap rate at projected market rents.
Six parking spaces located at the rear of the property, with potential future ADU opportunities (Buyer to Verify).

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Microwave
  • Tenant Controlled HVAC
  • Heating
  • Storage Space
  • Freezer
  • Public Transportation
  • Individual Locking Bedrooms
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 18 min - 7.8 mi
18 min - 7.8 mi
AirportDriveWalkDistance
Bob Hope 22 min - 10.5 mi
Los Angeles International 25 min - 11.6 mi
Long Beach (Daugherty Field) 43 min - 28.1 mi
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