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    1445 S Cloverdale Ave

    Los Angeles, CA 90019
    • $3,800,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 21-697086
    UPDATED: 47 min ago
    $3,800,000
    • 18
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,914
      SQFT
    • $550
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Reduced 200k! Once in a lifetime 100% Vacant 9 Units + 2 Potential ADUs in Prime Mid City priced at only 345k/door for vacant units. Value add opportunity with a huge upside to 7.4% Cap Rate and 10.6 GRM after renovations. Excellent location minutes from Beverly Hills, Culver City, and West Adams. Potential to create 2 attached 400 SF 1 Bed 1 Bath ADUs in the front carport and reduce soft-story cost. Individually metered for Gas & Electricity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-14T15:42:51.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/114472604
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    1445 S Cloverdale Ave Los Angeles, CA 90019

    • Price: $3,800,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 21-697086
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,914
    SQFT
    $550
    $/SQFT
    1963
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    Reduced 200k! Once in a lifetime 100% Vacant 9 Units + 2 Potential ADUs in Prime Mid City priced at only 345k/door for vacant units. Value add opportunity with a huge upside to 7.4% Cap Rate and 10.6 GRM after renovations. Excellent location minutes from Beverly Hills, Culver City, and West Adams. Potential to create 2 attached 400 SF 1 Bed 1 Bath ADUs in the front carport and reduce soft-story cost. Individually metered for Gas & Electricity.
    Exterior Features

    Lot Size Area 6850 Other Structures None Parking Garage Carport Total Parking 0

    Interior Features

    Baths Total 12.00 Cooling Wall Unit(S) Equipment Refrigerator Heating Wall Gas

    Property Features

    Assessed Total Value 1194806 Gross Income 359460 Gross Operating Income 348676 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 282965.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 65711 Type Of Units Low Rise Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Armin Soleimani DRE#01846872 of Global Platinum Properties, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-14T15:42:51.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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