NOT LISTED FOR SALE

516 N Spaulding Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,412,000 - $2,300,000

8 Beds
4 Baths
3,968 Sq Ft
$468/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $1,760,077 $444 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,997/month

19 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Tile Countertops
  • Balcony
  • Views
  • Detached Carport Space

About This Home

As of September 2021

This Charming Spanish Style Fourplex is in the highly desirable Fairfax District, one of the most ideal and popular locations to own in all of Los Angeles. First time on the market in over 50+ years! Featuring 3,968 SQFT of living space on a 5,723 SQFT Lot, this 1920s character driven building is comprised of (4) 2 Bedroom + 1 Bathroom units. There are also 4 garages which makes parking extremely easy for tenants. The property is in a stellar location where income properties are owned for many generations and opportunities like this rarely become available. Very densely populated area with low vacancy rates and a great rental growth market. Great as investment or owner-user opportunity. Just a short stroll to The Grove, Shopping & Dining along trendy 3rd St./Beverly Blvd., The Beverly Center, and Fairfax High School.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 06/03/2021

Keller Williams Studio City

Co-Listed By

David Rothblum

RE/MAX One License #01332525

Last Buyer's Agent

Grace Hu

Manna Realty License #00827030

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,558

Year Built

  • Built in 1926

Lot Details

  • 5,723 Sq Ft Lot
  • Property is zoned LARD1.5

Interior Spaces

  • 3,968 Sq Ft Home
  • 2-Story Property
  • Laundry in unit
  • Property Views

Kitchen

  • Oven
  • Gas Cooktop
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Parking

  • 4 Parking Spaces
  • Detached Carport Space

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5527-025-017

Community Details

Overview

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,558

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3968
  • Lot Acreage: 0.1314
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile, Mixed
  • Appliances: Cooktop - Gas, Oven
  • Bedrooms: 8
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub
  • Kitchen Features: Tile Counters
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 452.37

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Carport, Carport Detached
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 29.97
  • Assessed Improvement Value: 488673
  • Assessed Land Percent: 70.03
  • Assessed Land Value: 1141745
  • Total Assessed Value: 1630418
  • Assessor Parcel Number: 5527-025-017
  • Lot Size Area: 5723

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.10
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 31256
  • Type Of Units: Residential
  • Vacancy Allow Percent: 2.00
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2021
Sold by
Audrey Forman Revocable Trust and Goldman Darlene F
Bought by
Cw Revocable Trust and Bristol
Current Estimated Value
$1,856,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,056,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2020
Sold by
Goldman Darlene F
Bought by
Goldman Darlene F and The Audrey Forman Revocable Tr

Purchase Details

Closed on
Aug 24, 2020
Sold by
Forman Richard M and The Benjamin Michael Forman Tr
Bought by
Goldman Darlene F and The Audrey Forman Revocable Tr

Purchase Details

Closed on
Aug 12, 2020
Sold by
Forman Richard M and The Mandra Trust
Bought by
Goldman Darlene F and The Audrey Forman Revocable Tr

Purchase Details

Closed on
Dec 27, 2017
Sold by
Mandar Llc
Bought by
Forman Richard M and The Mandar Trust

Purchase Details

Closed on
Sep 29, 2004
Sold by
Forman Abraham Harry
Bought by
Mandar Llc

Purchase Details

Closed on
Apr 26, 2002
Sold by
Forman Lorraine
Bought by
Forman Lorraine and Lorraine Forman Revocable 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
Cw Revocable Trust $1,760,500 Chicago Title
Goldman Darlene F $774,000 Ticor Title
Goldman Darlene F -- Ticor Title Company Of Ca
Goldman Darlene F -- Ticor Title Company Of Ca
Goldman Darlene F -- Ticor Title Company Of Ca
Goldman Darlene F $227,500 Ticor Title
Goldman Darlene F $1,155,000 Ticor Title
Forman Richard M -- None Available
Mandar Llc -- --
Forman Lorraine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cw Revocable Trust $1,054,000
Previous Owner Cw Revocable Trust $1,056,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $1,760,077 -1.9% $444 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $1,795,000 -- $452 / 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 $22,558 $1,867,805 $1,494,261 $373,544
2024 $22,558 $1,831,182 $1,464,962 $366,220
2023 $22,126 $1,795,278 $1,436,238 $359,040
2022 $21,104 $1,760,077 $1,408,077 $352,000
2021 $19,916 $1,647,308 $1,153,573 $493,735
2020 $20,120 $1,630,418 $1,141,745 $488,673
2019 $19,323 $1,476,960 $1,224,000 $252,960
2018 $1,802 $114,368 $58,370 $55,998
2016 $1,685 $109,928 $56,104 $53,824
2015 $1,666 $108,278 $55,262 $53,016
2014 $1,701 $106,158 $54,180 $51,978
Source: Public Records

Agents Affiliated with this Home

  • David Weinberger

    Seller's Agent in 2021

    David Weinberger

    Keller Williams Studio City

    (818) 970-0915

    3 in this area

    70 Total Sales

    David Weinberger
    Section Image
  • David Rothblum

    Seller Co-Listing Agent in 2021

    David Rothblum

    RE/MAX

    (818) 400-0803

    3 in this area

    117 Total Sales

    David Rothblum
    Section Image

  • G

    Buyer's Agent in 2021

    Grace Hu

    Manna Realty

See All Agents

Map

Source: The MLS

MLS Number: 21-743544

The MLS

APN: 5527-025-017

California Los Angeles County Los Angeles 90036 Melrose

516 N Spaulding Ave, Los Angeles, CA

This home is located at 516 N Spaulding Ave, Los Angeles, CA 90036 since 03 June 2021 and is currently estimated at $1,856,691, approximately $467 per square foot. This property was built in 1926. 516 N Spaulding Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Larchmont Charter School.

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