NOT LISTED FOR SALE

422 N Spaulding Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,754,000 - $2,238,000

6 Beds
4 Baths
3,674 Sq Ft
$527/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $1,860,000 $506 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $12,500/month

49 Days on Market

Highlights

  • Wood Flooring
  • Built-In Features
  • Ceiling Fan
  • Spanish Architecture
  • Side by Side Parking

About This Home

As of December 2022

Located in the highly-desirable Fairfax District, and just a short walk from The Grove, this Spanish-style fourplex resides in an '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 fans, 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. This charming value-add property features 8 total parking spaces (4-single-car garages and 4 open spaces) and a nicely landscaped community backyard. 422 N. Spaulding is offered in conjunction with the sale of a 10-unit value-add property in West Hollywood, 1116 N. Spaulding Ave (can be purchased separately).

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 04/04/2022

Compass

Co-Listed By

Matthew Schwartz

Douglas Elliman of California, Inc. License #02035608

Last Buyer's Agent

Kenny Stevens

Compass License #01090251 Listed on: 04/04/2022

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,330

Year Built

  • Built in 1926

Lot Details

  • 6,354 Sq Ft Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Side by Side Parking

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,674 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Decorative Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5527-026-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,330

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3674
  • Lot Acreage: 0.1459
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Wood, Tile
  • Bedrooms: 6
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Range/Oven, Washer, Stackable W/D Hookup
  • Price Per S Q F T: 462.71

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Garage Structures: 4
  • Parking Garage: Garage - 1 Car, Side By Side
  • Total Parking: 8

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5527-026-024
  • Lot Size Area: 6354

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.83
  • Number Of Units: 4
  • Total Annual Expense: 33491
  • Type Of Units: Apartments
  • Vacancy Rate: 1 Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Nov 21, 2022
Sold by
Steve And Sharon Ramos Family Living Tru
Bought by
Harik Jay
Seller's Agent
Kenny Stevens
Compass
Buyer's Agent
Kenny Stevens
Compass
List Price
$2,200,000
Sold Price
$1,860,000
Premium/Discount to List
-$340,000
-15.45%
Views
7
Current Estimated Value
$1,937,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,445
Avg. Annual Appreciation
1.52%
Original Mortgage
$1,604,200
Outstanding Balance
$1,557,659
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$379,786

Purchase Details

Closed on
Feb 25, 2020
Sold by
Biederman Sharon
Bought by
Sharon Ramos Family Living Trust

Purchase Details

Closed on
Nov 3, 2005
Sold by
Biederman Irwin
Bought by
The Irwin Biederman Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harik Jay $1,860,000 Stewart Title Company
Biederman Kevin -- --
Biederman Brandon -- --
Sharon Ramos Family Living Trust -- None Available
The Irwin Biederman Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harik Jay $1,604,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $1,860,000 +9.4% $506 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/17/2022 05/17/22 Price Changed $1,700,000 -13.9% $463 / Sq Ft
04/21/2022 04/21/22 Price Changed $1,975,000 -10.2% $538 / Sq Ft
04/04/2022 04/04/22 For Sale $2,200,000 -- $599 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,330 $1,935,144 $1,258,884 $676,260
2024 $23,330 $1,897,200 $1,234,200 $663,000
2023 $22,882 $1,860,000 $1,210,000 $650,000
2022 $5,212 $398,246 $228,993 $169,253
2021 $5,128 $390,438 $224,503 $165,935
2020 $5,173 $386,435 $222,201 $164,234
2019 $4,985 $378,859 $217,845 $161,014
2018 $4,876 $371,431 $213,574 $157,857
2016 $4,634 $357,010 $205,282 $151,728
2015 $4,570 $351,648 $202,199 $149,449
2014 $4,613 $344,761 $198,239 $146,522
Source: Public Records

Agents Affiliated with this Home

  • Kenny Stevens

    Seller's Agent in 2022

    Kenny Stevens

    Compass

    (424) 284-4453

    2 in this area

    42 Total Sales

    Section Image
  • Matthew Schwartz

    Seller Co-Listing Agent in 2022

    Matthew Schwartz

    Douglas Elliman of California, Inc.

    (310) 560-5310

    1 in this area

    31 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 22-143121

The MLS

APN: 5527-026-024

California Los Angeles County Los Angeles 90036 Melrose

422 N Spaulding Ave, Los Angeles, CA

This home is located at 422 N Spaulding Ave, Los Angeles, CA 90036 since 04 April 2022 and is currently estimated at $1,937,445, approximately $527 per square foot. This property was built in 1926. 422 N Spaulding Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Cheder Of Los Angeles.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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