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351 N Spaulding Avenue, Los Angeles, California 90036, Los Angeles, 90036 - bed, bath

351 N Spaulding Avenue, Los Angeles, California 90036 home-pic-0
ACTIVE$2,899,900
351 N Spaulding Avenue, Los Angeles, California 90036
0Bed
0Bath
4,834Sqft
6,421Lot
Year Built
1927
Close
-
List price
$2.9M
Original List price
$3.3M
Price/Sqft
$600
HOA
-
Days on market
-
Sold On
-
MLS number
PW25082419
Home ConditionExcellent
Features
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros.

Located in a premier neighborhood in the heart of Beverly Grove, this fourplex places you just steps away from LA’s most coveted retail hubs, gourmet dining, trendy cafés, and essential conveniences. The property presents an ideal unit mix: three extensively renovated two-bedroom, two-bathroom units, and one generously sized two-bedroom, one-bathroom unit. The upgraded residences showcase sleek modern finishes, including quartz countertops, stainless steel appliances, designer lighting, new plumbing and electrical systems, dual-pane windows, in-unit washer and dryer, and more—delivering both elevated living and lasting peace of mind. Set in one of L.A.’s most prestigious and high-demand neighborhoods, this property offers unparalleled access to top-tier restaurants, cultural landmarks, boutique shopping, and major employment centers. Whether you are seeking strong current returns or long-term appreciation potential, this is a rare opportunity to acquire a turnkey fourplex in an A+ location. Properties of this caliber and positioning are seldom available—don’t let this exceptional asset slip away.

Nearby schools

7/10
Hancock Park Elementary School
Public,•K-5•0.6mi
8/10
Third Street Elementary School
Public,•K-5•1.4mi
2/10
Vine Street Elementary School
Public,•K-6•1.9mi
3/10
Laurel Elementary School
Public,•K-8•0.8mi
7/10
John Burroughs Middle School
Public,•6-8•1.5mi
7/10
Fairfax Senior High School
Public,•9-12•0.5mi

Price History

Date
Event
Price
09/11/15
Sold
$1,870,000
11/25/98
Sold
$507,000
Condition Rating
Excellent
This fourplex features three out of four units that have been extensively renovated with sleek modern finishes, including new white shaker cabinets, quartz countertops, stainless steel appliances, modern lighting, and new plumbing and electrical systems. The renovated bathrooms boast contemporary vanities, subway tile, and glass shower enclosures. While the building was constructed in 1927, the significant and recent upgrades to the majority of the living spaces, including major systems, elevate the property's condition to excellent. One unit appears to be in original or less updated condition, but the overwhelming quality of the renovated units drives the overall score.
Pros & Cons

Pros

Prime, High-Demand Location: Situated in the prestigious Beverly Grove neighborhood, offering unparalleled access to top-tier retail, dining, cultural landmarks, and major employment centers, ensuring strong rental demand and appreciation.
Extensively Renovated Units: Three of the four units have undergone extensive modern renovations, featuring quartz countertops, stainless steel appliances, new plumbing/electrical, dual-pane windows, and in-unit washer/dryer, appealing to high-quality tenants.
Turnkey Investment Opportunity: Described as a 'turnkey fourplex,' indicating it's ready for immediate income generation with minimal upfront work, ideal for investors seeking hassle-free management.
Strong Investment Potential: The property is positioned for 'strong current returns or long-term appreciation potential' in a market where assets of this caliber are 'seldom available'.
Desirable Unit Mix: The ideal unit mix of three 2-bedroom, 2-bathroom units and one 2-bedroom, 1-bathroom unit caters to a broad tenant base, maximizing rental income and minimizing vacancies.

Cons

Age of Building: Built in 1927, the property's age, despite unit renovations, may imply potential for future capital expenditures on the building's core infrastructure (e.g., roof, foundation, common areas) not explicitly covered by unit upgrades.
Unspecified Parking Availability: The description does not detail parking provisions for four units in a dense urban area like Beverly Grove, which is a critical amenity for tenants and could impact rental desirability and value.
High Operating Costs: As an investment property in a prime Los Angeles location, potential buyers should anticipate significant property taxes, insurance, and ongoing maintenance costs, which can impact net operating income.

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