Price Reduction
Address
1441 South Cloverdale Avenue Los Angeles, CA
Price
$ 2,350,000
Property Attributes
  • MLS#0021696502
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • Style
  • Price$ 2,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5807
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Global Major Properties
Data Source:
California Desert Association of REALTORS
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

MLS Area C16 - Mid Los Angeles
Parking Features Uncovered, Garage
Pool Features None
Senior Community Y/N No
Zoning LARD1.5

Interior Features

Air Conditioning Y/N No
Heating Y/N No
Total Stories 2

Exterior Features

Building Area Total 5807.0
Foundation Details None
Land Lease Type Fee
Lot Dimensions 50x137
Lot Size Acres 0.15
Lot Size Area 6851.0
Lot Size Square Feet 6851.0
Lot Size Units Square Feet
Numberofunitsbuildings 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 $1.86M
$2.35M
Visits
AVG 10
3
Year Built
AVG 1934
1951
Walkscore
AVG 85
88
Data Provided by Walkscore ® not using MLS data

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