Address
1441 S Cloverdale Avenue Los Angeles, CA
Price
$ 2,350,000
Property Attributes
  • MLS#21696502
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • Style
  • Price$ 2,350,000
  • Bedrooms13
  • Full Bathrooms12
  • Half Bathrooms0
  • Lot Size6,851 SqFt
Listing Provided Courtesy Of:
Armin Soleimani with Global Platinum Properties, Inc..
Data Source:
CRMLS
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.

Price History
2/23/2021 Listed $2,750,000
3/17/2021 8% - $2,550,000
5/18/2021 8% - $2,350,000

General Features

Co-Listing Agent State License # 01911261
Cooling None
Garage Y/N Yes
Heating None
Listing Agent Armin Soleimani - BRE#01846872
Listing Agent State License 01846872
MLS Area C16 - Mid Los Angeles
Parking Features Garage, Uncovered
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 8
Zoning LARD1.5

Exterior Features

Lot Dimensions 50x137
Lot Size Acres 0.15
Lot Size Area 6851
Lot Size Square Feet 6851
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90019

Price
AVG $1.82M
$2.35M
Visits
AVG 86
28
Year Built
AVG 1933
1951
Walkscore
AVG 85
88
Data Provided by Walkscore ® not using MLS data

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