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$1,695,000

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3,004 SqFt

Active Under Contract

1436 S Spaulding AVE Los Angeles, CA 90019

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/30/2024 02:36 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,004 sqft

Price per Sqft $564

MLS Listing ID SR24173983

HOA Y/N No

Year Built 1936

Lot Size 10,402 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAR2

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Fireplace No

Laundry Inside

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights

Total Parking Spaces 3

Private Pool No

Building

Lot Description Back Yard, Front Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5069011018

Acceptable Financing Cash, Conventional, Contract, Cal Vet Loan, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit

Listing Terms Cash, Conventional, Contract, Cal Vet Loan, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit

Special Listing Condition Standard

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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