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636 N Spaulding Ave 8 Unit Apartment Building $2,931,869 CAD ($366,484 CAD/Unit) 4.99% Cap Rate Los Angeles, CA 90036
Investment Highlights
- Prime Fairfax Location - WeHo Adjacent
- Around the Corner from Fairfax High School and Melrose Trading Post
- Rare Widened Shared Driveway - Ease of Ingress and Egress
- Long-Term Ownership - Same Owner for Over 50 Years
- Efficient Unit Mix of All One-Bedroom Units
- Select Units are Fully Renovated
Executive Summary
Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 636-638 N Spaulding Ave in Los Angeles, California. The subject property is located in a prime Fairfax location, just south of Melrose Ave and east of Fairfax Ave.
Situated in a prime Fairfax location adjacent to West Hollywood, the property benefits from long-term ownership and a desirable all one-bedroom unit mix with approximately 20% rental upside. Select units feature modern renovations including stainless steel appliances, hardwood floors, and updated kitchens, while the asset maintains charming Spanish-style architecture. Amenities include on-site laundry, parking, and a rare widened shared driveway for easy access. A significant roof replacement was completed in 2024, with occupancy exceeding 95% over the past five years. The property offers ADU potential (buyer to verify) and is within walking distance to Melrose Avenue, The Grove, and numerous dining and retail amenities.
With strong in-place occupancy, approximately 20% rental upside, a prime Fairfax location, on-site parking with a rare widened driveway, and recent roof replacement, the property presents a compelling combination of immediate income, operational ease, and long-term value-add potential in one of Los Angeles’ most desirable rental markets.
For OM, please visit: https://www.lamultifamilydeals.com/properties/636-638-n-spaulding-ave
Situated in a prime Fairfax location adjacent to West Hollywood, the property benefits from long-term ownership and a desirable all one-bedroom unit mix with approximately 20% rental upside. Select units feature modern renovations including stainless steel appliances, hardwood floors, and updated kitchens, while the asset maintains charming Spanish-style architecture. Amenities include on-site laundry, parking, and a rare widened shared driveway for easy access. A significant roof replacement was completed in 2024, with occupancy exceeding 95% over the past five years. The property offers ADU potential (buyer to verify) and is within walking distance to Melrose Avenue, The Grove, and numerous dining and retail amenities.
With strong in-place occupancy, approximately 20% rental upside, a prime Fairfax location, on-site parking with a rare widened driveway, and recent roof replacement, the property presents a compelling combination of immediate income, operational ease, and long-term value-add potential in one of Los Angeles’ most desirable rental markets.
For OM, please visit: https://www.lamultifamilydeals.com/properties/636-638-n-spaulding-ave
Financial Summary (Actual - 2025) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
| Price | $2,931,869 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $366,484 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.99% | Building Size | 5,234 SF |
| Gross Rent Multiplier | 11.69 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1925 |
| Property Type | Multifamily | Parking Ratio | 1.53/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $2,931,869 CAD |
| Price Per Unit | $366,484 CAD |
| Sale Type | Investment |
| Cap Rate | 4.99% |
| Gross Rent Multiplier | 11.69 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,234 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5527-023-022 | Improvements Assessment | $156,513 CAD |
| Land Assessment | $107,547 CAD | Total Assessment | $264,060 CAD |
Property Taxes
Parcel Number
5527-023-022
Land Assessment
$107,547 CAD
Improvements Assessment
$156,513 CAD
Total Assessment
$264,060 CAD
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636 N Spaulding Ave
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