1441 S Cloverdale Avenue, Los Angeles, CA 90019

About this property

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.

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$2,125,000

Sold December 2021 · listed $2,350,000, orig. $2,750,000, on market February 2021 · MLS #21696502 · Source: CRMLS

Listing Agent: Armin Soleimani · Listing Office: Global Platinum Properties, Inc. · Contact: 818-524-0706 · Bought with: Wonnie Kim · Won Suk Kim Real Estates, Inc.

$1,050,000

Sold October 2020 · listed $1,000,000, on market August 2020 · MLS #DW20171190 · Source: CRMLS

Listing Agent: James Torres · Listing Office: Keller Williams SELA · Contact: 562-334-1500 · Bought with: James Torres · Keller Williams SELA

Explore Los Angeles