Listing Courtesy of: CRMLS / Listed By: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
1117 S Spaulding Los Angeles, CA 90019
Active (15 Days)
$2,400,000 (USD)
9,132
SQFT
Description
MLS #:
SB26130250
SB26130250
Lot Size
8,559 SQFT
8,559 SQFT
Type
Multifamily
Multifamily
Year Built
1958
1958
County
Los Angeles County
Los Angeles County
Listed By
Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Source
CRMLS
Last checked Jul 8 2026 at 8:02 AM GMT+0000
CRMLS
Last checked Jul 8 2026 at 8:02 AM GMT+0000
Bathroom Details
Lot Information
- Near Public Transit
- Paved
- Street Level
Utility Information
- Utilities: Water Source: Public
- Sewer: Public Sewer
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of {7/8/26 01:02} and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
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.