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All 3-Bedroom Units | ADU Potential! 445 N Spaulding Ave 4 Unit Apartment Building $2,477,758 CAD ($619,440 CAD/Unit) 4.94% Cap Rate Los Angeles, CA 90036
INVESTMENT HIGHLIGHTS
- Prime location in the Heart of L.A. – only minutes from Sunset and Santa Monica Blvd., Century City, and The Grove
- ADU Development Potential with (4) Garages and an additional (4) Surface Spaces at the rear of the property
- Owner/User opportunity!
- (4) Spacious, Three-Bedroom/One-Bath units with over 1,050 SF each
- All units are separately metered for gas and electricity
EXECUTIVE SUMMARY
PRICE REDUCED BY $50K!
Prime 4-Plex Investment Opportunity in One of L.A.’s Most Sought-After Locations!
Located in one of Los Angeles’s most desirable neighborhoods, this prime 4-unit property offers an unmatched blend of immediate income, long-term upside, and unbeatable location. Just minutes from Sunset Blvd., Santa Monica Blvd., Century City, and The Grove, this asset places residents at the center of LA!
A potential Owner/User or Investor opportunity, each of the four units features a spacious 3-Bedroom, 1-Bath layout, with over 1,050 square feet of living space. The building is currently operating at a 4.75% cap rate on existing rents, with over 33% in rental upside still available, offering significant value-add potential. There are four garages located on-site plus an additional four surface spaces at the rear of the property, offering an ideal structure for future ADU development. All units are separately metered for gas and electricity.
With a Walk Score of 94, the Spaulding 4-plex is considered a Walker’s Paradise! Tenants enjoy the proximity to luxury restaurants, entertainment venues, high-end retail and more! This is an ideal opportunity for an investor looking for stable returns with upside or an Owner/User looking in one of LA’s most coveted neighborhoods!
Prime 4-Plex Investment Opportunity in One of L.A.’s Most Sought-After Locations!
Located in one of Los Angeles’s most desirable neighborhoods, this prime 4-unit property offers an unmatched blend of immediate income, long-term upside, and unbeatable location. Just minutes from Sunset Blvd., Santa Monica Blvd., Century City, and The Grove, this asset places residents at the center of LA!
A potential Owner/User or Investor opportunity, each of the four units features a spacious 3-Bedroom, 1-Bath layout, with over 1,050 square feet of living space. The building is currently operating at a 4.75% cap rate on existing rents, with over 33% in rental upside still available, offering significant value-add potential. There are four garages located on-site plus an additional four surface spaces at the rear of the property, offering an ideal structure for future ADU development. All units are separately metered for gas and electricity.
With a Walk Score of 94, the Spaulding 4-plex is considered a Walker’s Paradise! Tenants enjoy the proximity to luxury restaurants, entertainment venues, high-end retail and more! This is an ideal opportunity for an investor looking for stable returns with upside or an Owner/User looking in one of LA’s most coveted neighborhoods!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS In Escrow
| Price | $2,477,758 CAD | Property Subtype | Apartment |
| Price Per Unit | $619,440 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.94% | Building Size | 4,379 SF |
| Gross Rent Multiplier | 13.84 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1947 |
| Property Type | Multifamily | Parking Ratio | 0.91/1,000 SF |
| Zoning | LARD1.5 - Residential | ||
| Price | $2,477,758 CAD |
| Price Per Unit | $619,440 CAD |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| Gross Rent Multiplier | 13.84 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,379 SF |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | LARD1.5 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | $3,752 CAD | 1,050 |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 5527-027-040 | Total Assessment | $1,872,147 CAD (2025) |
| Land Assessment | $1,195,624 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $676,522 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5527-027-040
Land Assessment
$1,195,624 CAD (2025)
Improvements Assessment
$676,522 CAD (2025)
Total Assessment
$1,872,147 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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All 3-Bedroom Units | ADU Potential! | 445 N Spaulding Ave
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