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1441 S Cloverdale Ave

Los Angeles, CA 90019
  • $2,350,000
  • STATUS: Active Under Contract
  • ON SITE: 238 Days
  • MLS #: 21-696502
Under Contract
UPDATED: 156 min ago
$2,350,000
  • 14
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,807
    SQFT
  • $405
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

Reduced 400k! Once in a lifetime 100% Vacant 6 Units + 2ADUs in Prime Mid City priced at only 353k/door for vacantunits. Value add opportunity with a huge upside to 7.5%Cap Rate and 10.6 GRM after renovations. Excellent locationminutes from Beverly Hills, Culver City, and West Adams.Potential to create 2 detached 2-stories 1,200 SF 3 Bed 3Bath ADUs. Please see Financials & Preliminary ADU Plansin the Docs section. Price/Unit, Cap Rate, & GRM are basedon Total Price for sake of conservatism, which includesconstruction costs of ADUs. Individually metered for Gas &Electricity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-18T23:42:35.52. 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.jelmbergteam.com/homes/114432863
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1441 S Cloverdale Ave Los Angeles, CA 90019

  • Price: $2,350,000
  • Status: Active Under Contract
  • Updated: 156 min ago
  • MLS #: 21-696502
14
Beds
0
Baths
0
½ Baths
0.16
Acres
5,807
SQFT
$405
$/SQFT
1951
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
Reduced 400k! Once in a lifetime 100% Vacant 6 Units + 2ADUs in Prime Mid City priced at only 353k/door for vacantunits. Value add opportunity with a huge upside to 7.5%Cap Rate and 10.6 GRM after renovations. Excellent locationminutes from Beverly Hills, Culver City, and West Adams.Potential to create 2 detached 2-stories 1,200 SF 3 Bed 3Bath ADUs. Please see Financials & Preliminary ADU Plansin the Docs section. Price/Unit, Cap Rate, & GRM are basedon Total Price for sake of conservatism, which includesconstruction costs of ADUs. Individually metered for Gas &Electricity.
Exterior Features

Lot Size Area 6851 Other Structures None Parking Garage UncoveredGarage Total Parking 4

Interior Features

Baths Total 12.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 388613 Gross Income 266820 Gross Operating Income 258815 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 211002.00 Number Of Buildings 2 Number Of Units 8 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 45413 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 2021-10-18T23:42:35.52. 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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