NOT LISTED FOR SALE

1264 S Spaulding Ave Los Angeles, CA 90019

Miracle Mile Neighborhood
6 Beds
6 Baths
5,794 Sq Ft
7,298 Sq Ft Lot

Last Sold May 06, 2021

Last sale price $2,000,000 $345 Per Sq Ft

55 Days on Market

About This Home

As of May 2021

Property to be delivered with 3 out of 6 Units Vacant! Don't miss out on Spaulding Flats - an incredibly charming and well-maintained 6 unit corner lot multifamily opportunity well-situated in Mid-Wilshire. This property features a unit mix consisting of six incredibly spacious one-bedroom units, each with dining rooms boasting an average unit size of just under 1,000 SF each. The units feature original wood flooring and offer plenty of window-lines and bountiful natural light. Recent upgrades include upgraded electrical. ADU potential in garage spaces (Buyer to Investigate).

Last Agent to Sell the Property

Everett Wong

Greysteel California, Inc. License #01991247 Listed on: 02/09/2021

Last Buyer's Agent

Everett Wong

Greysteel California, Inc. License #01991247 Listed on: 02/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,298 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Interior Spaces

  • 5,794 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / B
  • Tax Tract Number 4362
  • Assessor Parcel Number 5085025001

Community Details

Overview

  • 6 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,607
  • Professional Management Expense $5,757
  • Trash Expense $2,640
  • Water Sewer Expense $3,600
  • New Taxes Expense $26,843
  • Operating Expense $46,247
  • Net Operating Income $97,670

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 5757.00
  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 5085025001
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 345.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2640.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7298.00
  • Lot Size Acres: 0.1675

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 165240.00
  • Insurance Expense: 2607.00
  • Lot Size Area: 7298.0000 Square Feet
  • Net Operating Income: 97670.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 6
  • Operating Expense: 46247.00
  • Rent Control: Yes
  • Total Expenses: 46247.00

Tax Info

  • New Taxes Expense: 26843.00
  • Tax Block: B
  • Tax Census Tract: 2169.00
  • Tax Lot: 1
  • Tax Tract Number: 4362

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2021 05/06/21 Sold $2,000,000 -11.1% $345 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $2,250,000 -- $388 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Everett Wong

    Seller's Agent in 2021

    Everett Wong

    Greysteel California, Inc.

    (310) 382-6705

    3 in this area

    23 Total Sales

    Everett Wong
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21027169

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90019 Miracle Mile

1264 S Spaulding Ave, Los Angeles, CA

This home is located at 1264 S Spaulding Ave, Los Angeles, CA 90019 since 09 February 2021. This property was built in 1938. 1264 S Spaulding Ave is a home located in Los Angeles County with nearby schools including Carthay Center Elementary School, Fairfax High School, and Stella Elementary Charter Academy.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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