1117 S Spaulding, Los Angeles, CA 90019
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1117 S Spaulding,Los Angeles, CA 90019
$2,400,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26130250
Source:CRMLS
Price summary
- Price:$2,400,000
About this home
1117 S Spaulding Ave presents the opportunity to acquire a 12-unit apartment building in the heart of Mid-Wilshire, just minutes from Fairfax, Miracle Mile, Beverly Grove, Pico-Robertson, and Museum Row. The property sits on an 8,559 SF LAR3-zoned lot and features 9,132 SF of improvements with a strong unit mix of (1) 3+1 unit and (11) 1+1 units.
The location is one of the strongest parts of the story. Tenants are minutes from The Grove, Farmers Market, LACMA, the Academy Museum, Beverly Center, Cedars-Sinai, and the Wilshire/Fairfax Metro D Line station. Metro’s D Line extension now connects Miracle Mile to Koreatown and Downtown LA, while LACMA’s new David Geffen Galleries recently opened nearby, adding another major demand driver to the area.
The property also offers substantial rental upside, with current rents totaling $17,658 per month compared to projected market rents of $32,000 per month. This represents more than $172,000 in projected annual rental upside and a path to increase NOI from approximately $107,559 to $265,919 once rents are brought closer to market.
At $2,400,000, the asset is priced at $200,000 per unit and approximately $263 per SF, below the nearby sales-comp averages shown in the OM. With a central Mid-Wilshire location, meaningful income upside, and an attractive basis in a high-barrier-to-entry rental market, 1117 S Spaulding Ave offers investors a clear value-add opportunity in one of Los Angeles’ most desirable infill submarkets....
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Home facts
- Year built:1958
- Listing ID #:SB26130250
- Updated:June 23, 2026 at 12:32 AM
Structure and exterior
- Year built:1958
- Lot Features:Near Public Transit, Paved, Street Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,400,000
Parking
- Total parking spaces:6
- Parking description:6 Carport Space(s)
- Carport spaces:6
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