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$ 2,700,000
Est. payment | /mo
6,841 SqFt
$ 2,700,000
Est. payment | /mo
6,841 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,841 sqft
Price per Sqft $394
MLS Listing ID CL26642309
HOA Y/N No
Year Built 1957
Lot Size 6,879 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
1133 S. Spaulding Avenue is a seven-unit apartment building in the heart of Mid-Wilshire presenting an exceptional value-add opportunity with 71% current vacancy. The unit mix consists of three 1-bed/1-bath and four 2-bed/1.75-bath units. The property features oversized units averaging 977 square feet with private patios or balconies substantially larger than typical Mid-Wilshire offerings. Built mid-century with stucco construction, the property benefits from completed capital expenditures including a roof that was replaced approximately 15 years ago and is currently in excellent condition, full soft-story seismic retrofit, earthquake shutoff valves installed in 2020, and comprehensive water copper re-piping in 2010. The two-story configuration provides superior parking with seven spaces (1:1 ratio) including front tuck-under and tandem spaces plus four rear tuck-under spaces via alley access. Units feature security screen doors, wall A/C units, and wood floors.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5086026018
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Listed by Steffan Braunlich • Berkadia
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