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… Read More 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. Read Less
Property listed by Berkadia, Steffan Braunlich 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Square Ft.
6,841
Lot Size
0.16 Acres
Year Built
1957
MLS Number
26642309
Additional Details
Building
Built in 1957, Living area: 6841.0, 1 building, Levels: MultiSplit
Cooling
None
Heating
None
Income
Gross Income: $216,000, Net Operating Income: $130,000
Lot
0.1579 acres
Parking
Covered
Taxes
Parcel Number: 5086026018, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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