1445 S Cloverdale Avenue, Los Angeles, CA 90019

About this property

Reduced 350k! Once in a lifetime 100% Vacant 9 Units + 2 ADUs in Prime Mid City priced at only 346k/door for vacant units. Value add opportunity with a huge upside to 7.5% 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. Please see Financials & Preliminary ADU Plans in the Docs section. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of ADUs. Individually metered for Gas & Electricity.

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

Sale history

$3,500,000

Sold December 2021 · listed $3,650,000, orig. $4,000,000, on market February 2021 · MLS #21697086 · 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.

$1,550,000

Sold October 2020 · listed $1,800,000, on market August 2020 · MLS #DW20171207 · Source: CRMLS

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

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