Sold

Closed

1436 S Spaulding Avenue

Los Angeles CA, 90019

$1,525,000


$507.66 per sqft

Sold

Closed

3,004 sqft

Multi-family

Built in 1936

Listed by Karo Karapetyan with Blackstone Estates, Inc. 310-435-8179

Prime DUPLEX Investment & Owner-Occupancy Opportunity in PicFair Village. 1436 & 1438 S Spaulding Avenue is located just steps from Pico and Crescent Heights, this duplex offers a unique blend of charm, versatility, and significant investment potential. Situated on a 10,404 sq. ft. lot, the property is ideal for owner-occupants, investors, or developers looking to capitalize on the area's rapid growth.

Spacious Duplex: Each unit spans approximately 1,500 sq. ft., providing flexible and comfortable living spaces. The top unit is currently occupied on a month-to-month lease, offering immediate rental income, the bottom unit will be delivered VACANT and ready for occupancy, perfect for an owner or new tenant.

Bonus Studio Unit: The lower unit includes a separate basement studio with its own entrance, bathroom, and kitchenette, making it ideal for guests, additional rental income, or a private workspace.

ADU Potential: With over 10,400 sq. ft. of land, this lot is ideal for further development. There's potential to add two additional ADUs and convert the existing garage, which already has a new roof. Additional ADUs offer significant future income potential and value growth.

Ample Parking: Rare for Los Angeles, this property includes a 3-car garage plus additional parking for 8 or more vehicles, making it highly desirable for residents and tenants alike.

Development Potential: Beyond the ADUs, the expansive lot offers substantial upside for further development in a neighborhood that continues to increase in value.

PicFair Village: Known for its central location and blend of historical charm with modern amenities, PicFair Village is one of Los Angeles' most up-and-coming neighborhoods. The area is undergoing revitalization along Pico Boulevard, attracting trendy cafes, restaurants, and boutique shops. Residents enjoy easy access to major shopping and dining hubs and proximity to top-rated schools, making it a sought-after location for many buyers.

Why This Property?

Whether you're looking to live in one unit while generating rental income from the other, invest in a high-demand rental property, or develop a multi-unit building, 1436 & 1438 S. Spaulding Ave offers endless possibilities. With PicFair Village rapidly gaining in popularity, this duplex is a smart investment in the neighborhood's bright future.

SR24173983

MLS ID

September 8, 2024

Listed

December 10, 2024

Updated

Map

1436 S Spaulding Avenue
Los Angeles CA, 90019

Interior Features

Total Stories

2


Laundry Description

Inside


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.24 Acres


Lot Features

Back Yard, Front Yard


Sewer

Public Sewer

Other Property Details

Area Name

699 - Not Defined


Days on Market

51


Garage

Yes


Garage Spaces

3


Parking Total

3


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR2

Listing History

Date

Event

Price

11/28/2024

Sold

$1,525,000

10/30/2024

Under contract

10/23/2024

Price change

$1,695,000

-6%

Listing Contact: 310-435-8179 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/10/2024 at 11:49 PM UTC

 

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