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904 North Spaulding Avenue

West Hollywood CA 90046

8
8
5132 sq. ft.
6423 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to present 904 N Spaulding Avenue, an eight-unit multifamily property located just south of Santa Monica Boulevard in the highly sought-after West Hollywood market. Built in 1957, the property offers approximately 5,132 rentable square feet on a 6,421-square-foot lot and features an attractive unit mix of (1) studio, (6) one-bedroom/one-bathroom units, and (1) two-bedroom/one-and-a-half-bathroom unit. The property is offered at a 5.22% cap rate with over 37% rental upside, providing attractive day-one cash flow with the opportunity to achieve an 8.03% stabilized cap rate based on projected market rents. The property also features six on-site parking spaces located at the rear, which may provide potential for future ADU development and the opportunity to add additional units (Buyer to Verify). Seller financing is available with 50% down, providing buyers with additional flexibility when structuring the acquisition. Seller financing is optional and is not a required condition of the sale. Located in the heart of West Hollywood, the property offers convenient access to major employment centers, dining, shopping, nightlife, and entertainment throughout West Hollywood, Beverly Hills, Hollywood, and the greater Los Angeles area. With strong in-place cash flow, significant rental upside, flexible seller financing, and potential ADU opportunities, 904 N Spaulding Avenue presents a compelling value-add investment opportunity.

Features

8 bedrooms
8 bathrooms
5132 sq. ft. floor area
6423 sq. ft. lot size
Other

Happy sellers in West Hollywood

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We have insufficient information to provide an overview of customer satisfaction for West Hollywood. Viewing the agent profiles, reviews and sales for West Hollywood can provide insights for this location.

Local market activity for 8 bedroom other properties in West Hollywood

In the last 12 months, 4 eight-bedroom other properties similar to 904 North Spaulding Avenue, have been sold.

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Sales:
(619) 566-0008
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