904 N Spaulding Ave, West Hollywood, CA 90046
West Hollywood, CA$2,150,000
Property Description
INVESTMENT HIGHLIGHTS
904 N Spaulding Avenue
• 1st Time On the Market in over 42 Years!
• Excellent Unit Mix Offering Studio, 1 & 2 Bedroom Layouts
• Spacious Units Averaging Approx. 642 SF Each
• Approximately Over 41% Rental Upside!
• AAA+ Location Just off of Santa Monica Blvd & Fairfax Blvd
• Common Laundry Facilities for Tenants
• 6 Parking Spaces!
• Potential ADU Opportunities! (Buyer to Verify)
• Separately Metered for Gas/Electric
• Large 6,421 SF Lot Zoned WDR3
Property Features
- Sale Price: $2,150,000
- Area Size: 5,132 sq ft
- Land Area: 6,423 sq ft
- Year Built: 1957
- Units: 8
- Current GRM: 13.37
- Current Cap Rate: 4.86%
- Market GRM: 9.43
- Market Cap Rate: 7.80%
