NOT LISTED FOR SALE

429 N Spaulding Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,869,000 - $2,285,000

6 Beds
4 Baths
3,781 Sq Ft
$553/Sq Ft Est. Value

Last Sold November 10, 2022

Last sale price $1,915,000 $506 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $13,743/month

57 Days on Market

About This Home

As of November 2022

Gorgeous and charming 4-unit complex in highly desirable Fairfax District. This well maintained property sits on a quaint street and is a rare investment opportunity. All four units have long term tenants with amazing upside potential on monthly rents. All four units are light and bright with spacious living/dining areas, historic original charm/details throughout, but with all the modern amenities. Each unit comes with its own garage. Property sits in an ideal location just minutes from the world famous Melrose Ave, The Grove, Beverly Center, Fairfax Junction, West Hollywood, Downtown LA, high-end shopping, top-tier dining, amazing nightlife and everything else Los Angeles has to offer! Don't miss this incredible invest in one of Los Angeles' most vibrant & neighborhoods.

Last Agent to Sell the Property

Jesse Weinberg

Jesse Weinberg License #01435805 Listed on: 08/18/2022

Co-Listed By

Blake Taylor

Jesse Weinberg License #01874577

Last Buyer's Agent

Mina Azami

Compass License #01405043

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,015

Year Built

  • Built in 1925

Lot Details

  • 6,422

Interior Spaces

  • 3,781 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Garage
  • Uncovered Parking
  • Assigned Parking

Additional Features

  • 6,422 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for gardener
  • Assessor Parcel Number 5527-027-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,015

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3781
  • Lot Acreage: 0.1474
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 6
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 555.14

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Garage, Uncovered

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 44.49
  • Assessed Improvement Value: 179757
  • Assessed Land Percent: 55.51
  • Assessed Land Value: 224285
  • Total Assessed Value: 404042
  • Assessor Parcel Number: 5527-027-014
  • Lot Size Area: 6422

Rental Info

  • Owner Pays: Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 24.70
  • Number Of Units: 4
  • Rent Control: 4
  • Total Annual Expense: 17471
  • Type Of Units: 1
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Oct 27, 2022
Sold by
Mesrop And Sylva Mesrop Family Trust
Bought by
Ambroz Living Trust
Seller's Agent
Jesse Weinberg
Jesse Weinberg
Buyer's Agent
Mina Azami
Compass
List Price
$2,099,000
Sold Price
$1,915,000
Premium/Discount to List
-$184,000
-8.77%
Total Days on Market
57
Views
15
Current Estimated Value
$2,091,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,759
Avg. Annual Appreciation
3.50%
Original Mortgage
$1,149,000
Outstanding Balance
$1,109,744
Interest Rate
5.45%
Mortgage Type
New Conventional
Estimated Equity
$982,015

Purchase Details

Closed on
Sep 5, 2011
Sold by
Mesrop Mesrop A
Bought by
Mesrop Mesrop A and Mesrop Sylva

Purchase Details

Closed on
Jul 15, 2010
Sold by
Mesrop Mesrop A
Bought by
Mesrop Mesrop A and Mesrop Sylva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2008
Sold by
Mesrop Mesrop A
Bought by
Mesrop Mesrop A and Mesrop Sylva

Purchase Details

Closed on
May 10, 1999
Sold by
Mesrop Mesrop
Bought by
Mesrop Mesrop A and Mesrop Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
6.94%
Source: Public Records

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Range of Values:

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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
Ambroz Living Trust $1,915,000 Fidelity National Title
Mesrop Mesrop A -- None Available
Mesrop Mesrop A -- None Available
Mesrop Mesrop A -- None Available
Mesrop Mesrop A -- None Available
Mesrop Mesrop A -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambroz Living Trust $1,149,000
Previous Owner Mesrop Mesrop A $448,000
Previous Owner Mesrop Mesrop A $500,000
Previous Owner Mesrop Mesrop A $316,000
Previous Owner Mesrop Mesrop A $293,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $1,915,000 -8.8% $506 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $2,099,000 -- $555 / 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
2024 $24,015 $1,953,300 $1,749,300 $204,000
2023 $23,554 $1,915,000 $1,715,000 $200,000
2022 $5,732 $441,874 $245,285 $196,589
2021 $5,642 $433,211 $240,476 $192,735
2019 $5,483 $420,364 $233,345 $187,019
2018 $5,370 $412,122 $228,770 $183,352
2016 $5,105 $396,121 $219,888 $176,233
2015 $5,035 $390,172 $216,586 $173,586
2014 $5,078 $382,530 $212,344 $170,186
Source: Public Records

Agents Affiliated with this Home

  • Jesse Weinberg

    Seller's Agent in 2022

    Jesse Weinberg

    Jesse Weinberg

    (800) 804-9132

    1 in this area

    491 Total Sales

    Jesse Weinberg
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Blake Taylor

    Jesse Weinberg

    (310) 305-8333

    1 in this area

    100 Total Sales

    Blake Taylor
    Section Image

  • M

    Buyer's Agent in 2022

    Mina Azami

    Compass

    (323) 791-7315

    1 in this area

    36 Total Sales

    Mina Azami
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-188669

The MLS

APN: 5527-027-014

California Los Angeles County Los Angeles 90036 Melrose

429 N Spaulding Ave, Los Angeles, CA

This home is located at 429 N Spaulding Ave, Los Angeles, CA 90036 since 18 August 2022 and is currently estimated at $2,091,759, approximately $553 per square foot. This property was built in 1925. 429 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.

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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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