5-Unit Apartment
2529 S Spaulding Ave, Los Angeles, CA 90016
For Sale
New
$1,399,000
Three units have permitted mini-split heating and cooling systems, with on-site garage and open parking.
Property Size2,742 SF
Days on Market6
Property Features for 2529 S Spaulding Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Central Real Estate
Listed By:
Nora Ochoa · License CA #01228076
(562) 500-6344
Source:
Evecap
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Central Real Estate
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Investment Insights
Based on property information with market context.
Built in 1957, this Los Angeles apartment property contains five units. Three units have mini-split heating and cooling systems installed with city permits, and one has upgraded kitchen cabinets and a bathroom. The property includes a three-car garage and five open parking spaces. A two-car garage has been converted to storage under permit.
Zoned LARD1.5, the property is at 2529 S Spaulding Ave, near Fairfax Ave and Adams Blvd. Public transportation, shopping, dining and freeway access are available in the surrounding area.
Zoned LARD1.5, the property is at 2529 S Spaulding Ave, near Fairfax Ave and Adams Blvd. Public transportation, shopping, dining and freeway access are available in the surrounding area.
Key Highlights
- Five‑unit apartment property built in 1957
- LARD1.5 zoning
- Three units have permitted mini‑split heating and cooling systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,121
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,420
$882.4K
Cap Rate 7%
$630,300
$630.3K
Cap Rate 9%
$490,233
$490.2K
Market Conditions
NOI Build-Up for 2,742 SF
Gross rent
$87.2K $31.80/SF
− Vacancy
−$7.0K −$2.54/SF
EGI
$80.2K $29.26/SF
− OpEx
−$36.1K −$13.17/SF
NOI
$44.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,420
Cap Rate 7%
$630,300
Cap Rate 9%
$490,233
Alternative Uses
Best Use
Apartment 5plus
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,137 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three units have permitted mini-split heating and cooling systems, with on-site garage and open parking.
Where is this apartment building located?
The property is located at 2529 S Spaulding Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Five‑unit apartment property built in 1957; LARD1.5 zoning; Three units have permitted mini‑split heating and cooling systems
