750 S Spaulding Avenue 324, Los Angeles, California 90036, Los Angeles, 90036 - 2 bed, 3 bath

750 S Spaulding Avenue 324, Los Angeles, California 90036 home-pic-0
ACTIVE$519,000
750 S Spaulding Avenue 324, Los Angeles, California 90036
2Beds
3Baths
1,555Sqft
116,505Lot
Year Built
1981
Close
-
List price
$519K
Original List price
$519K
Price/Sqft
$334
HOA
$789
Days on market
-
Sold On
-
MLS number
25546677
Home ConditionPoor
Features
Good View:
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About this home

We found 3 Cons,5 Pros. Rank: price - $519.0K(57th), sqft - 1555(86th), beds - 2(71th), baths - 3(71th).

Probate Sale! Major Fixer! This property will be offered at a live auction at the property site on Saturday, June 21, 2025 at 01:15 PM. Auction day registration will be from 12:30 PM to 01:15 PM. Great opportunity for a buyer to make it their own! This Top- Floor Condominium built in 1981 features 2 bedrooms and 2.5 bathrooms with dining room/ office area +/-1,555 Sq Ft of living space, Great location in the building! APN: 5089-011-138. This unit is located in the "Wilshire Galleria". The HOA is +/- $789.00 per month. The owner passed away on the property. Just steps from the Academy Museum, LACMA, and Petersen, and minutes to The Grove, Beverly Center, and top dining. Community includes a large pool, spa, sun deck, and onsite management. In order to bid on auction day, ALL BIDDERS MUST HAVE IN THEIR POSSESSION a cashier's check for $10,000 and a blank personal check for the balance of the required 10% deposit (no exceptions). This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. This sale is subject to court confirmation and overbid. The timing of the hearing is subject to the courts calendar approximately 2 months from the offer deadline date. After court confirmation there will be a 45-day escrow period. The Seller reserves the right to accept, counter or reject all offers. IN ALL CIRCUMSTANCES, THERE ARE NO FINANCING, APPRAISAL OR INSPECTION CONTINGENCIES. Estate of Marek Rotman.

Condition Rating
Poor

The property, built in 1981, is explicitly marketed as a 'Major Fixer' and sold 'as is, where is,' indicating significant required rehabilitation. Interior images confirm this, showing severely outdated and worn finishes, including stained, old carpet, dated striped wallpaper, and old light fixtures. Visible wall damage is also present. While no images of the kitchen or bathrooms are provided, their condition is highly likely to be commensurate with the rest of the unit, requiring complete renovation. This aligns with the 'Poor' condition criteria, necessitating substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons

Pros

Exceptional Location: The condominium boasts a prime location, just steps from major cultural institutions like the Academy Museum, LACMA, and Petersen, and minutes from popular retail and dining hubs such as The Grove and Beverly Center.
Spacious Floor Plan: Offering a generous 1,555 Sq Ft of living space with 2 bedrooms and 2.5 bathrooms, including a dedicated dining room/office area, providing ample room for comfortable living.
Desirable Building Amenities: Residents benefit from a community featuring a large pool, spa, sun deck, and convenient onsite management, enhancing the quality of life and property appeal.
Top-Floor Advantage: As a top-floor unit, it typically offers increased privacy, reduced noise from above, and potentially better natural light and views within the building.
Significant Renovation Potential: Explicitly described as a 'Major Fixer' and a 'great opportunity for a buyer to make it their own,' this property offers substantial value-add potential through customization and renovation.

Cons

Extensive Renovation Required & As-Is Sale: The property is a 'Major Fixer' and sold 'as is, where is, with no warranty expressed or implied,' necessitating significant immediate investment and effort for repairs and upgrades without seller guarantees.
Complex Probate & Auction Process: The sale is a probate auction with strict terms, including court confirmation, potential overbid, and critically, no financing, appraisal, or inspection contingencies, which significantly increases buyer risk and narrows the pool of eligible bidders.
High Monthly HOA Dues: The $789.00 monthly HOA fee is substantial, adding a significant ongoing cost to ownership that could impact affordability and long-term investment returns.

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