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1117 S Spaulding

Los Angeles, CA 90019
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Bed 14

Bed

Bath 12

Bath

SqFt8,559

Sqft(Lot)

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. At $2,300,000, the asset is priced at $192K per unit and approximately $252 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,300,000

AD Id : 85726971

MLS Id : SB26130250

Beds : 14

Lot Size : 8,559 Sqft

Year Built : 1958

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1958
    Building Area Total: 9132
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 8559 Lot Size Acres: 0.1965 Lot Size Source: Assessor Lot Size Square Feet: 8,559 Lot Description: ThirtyOneToThirtyFiveUnitsAcre,NearPublicTransit,Paved,StreetLevel

  • Listing Price Information

    Listing Price: $2300000
    Original Price: $2400000
    Conventional

  • Tax Information

    Parcel Number: 5086026015 Tax Lot: 123

  • Parking Information

    Parking Total: 6

  • Location Information

    Direction: From the I-10 Freeway, exit La Brea Ave and head north. Turn left onto Pico Blvd, then turn right onto Spaulding Ave. Continue north to 1117 S Spaulding Ave. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1044 S St Andrews Place, Los Angeles, CA, 90019 $1,490,000 5 3 2,133 2,133 SqFt
1254 S Manhattan, Los Angeles, CA, 90019 $1,790,000 6 3 3,024 3,024 SqFt
1138 S St Andrews Place, Los Angeles, CA, 90019 $1,343,000 4 2 1,830 1,830 SqFt
932 S Gramercy Place, Los Angeles, CA, 90019 $1,680,000 10 10 4,800 4,800 SqFt
941 S Gramercy Place, Los Angeles, CA, 90019 $2,695,000 12 -- 7,360 7,360 SqFt
1415 S Manhattan Place, Los Angeles, CA, 90019 $2,250,000 9 5 7,512 7,512 SqFt
939 S Wilton Place, Los Angeles, CA, 90019 $2,600,000 12 10 5,359 5,359 SqFt
1415 S St Andrews Place, Los Angeles, CA, 90019 $2,799,000 12 -- 9,268 9,268 SqFt
1224 S Wilton Place, Los Angeles, CA, 90019 $1,595,000 6 5 4,560 4,560 SqFt
1404 1/2 S Wilton Place, Los Angeles, CA, 90019 $755,000 3 2 1,273 1,273 SqFt

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ByOwner last updated this listing 08/11/2026 @ 12:28

MLS: SB26130250 LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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