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1117 S Spaulding

Los Angeles, CA 90019
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Bed 0

Bed

Bath 0

Bath

SqFt9,132

Sqft

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. The property also offers substantial r ental 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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Detail Ic Property Details

Property Type : Residential Income

Price : $2,400,000

AD Id : 85726971

MLS Id : SB26130250

Lot Size : 8,559 Sqft

Living Area Size : 9,132

Year Built : 1958

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1958 Building Area Total: 9,132
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1965
  • Lot Size Source: Assessor Lot Size Square Feet: 8559

  • Listing Price Information

    Original List Price: 2,400,000 Listing Contract Date: 2026-06-21
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5086026015

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C19 - Beverly Center-Miracle Mile Directions: 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. Source Property Type: Residential Income Area: C19 - Beverly Center-Miracle Mile Property SubType: Apartment
  • Building and Construction

    Property Age: 68 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Ground Level Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1117 S Manhattan Place, Los Angeles, CA, 90019 $1,399,000 4 2 1,807 1,807 SqFt
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
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 $2,280,000 9 5 7,512 7,512 SqFt
1415 S St Andrews Place, Los Angeles, CA, 90019 $2,799,000 12 -- 9,268 9,268 SqFt
1415 S St Andrews Place, Los Angeles, CA, 90019 $1,925,000 12 -- 9,268 9,268 SqFt
1070 S Wilton Place, Los Angeles, CA, 90019 $2,300,000 4 2 3,190 3,190 SqFt
1220 S Wilton Place, Los Angeles, CA, 90019 $1,765,000 4 1 3,382 3,382 SqFt
1251 S Wilton Place, Los Angeles, CA, 90019 $2,250,000 9 -- 5,634 5,634 SqFt

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ByOwner last updated this listing 06/26/2026 @ 20:00

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

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