Address
1445 S Cloverdale Avenue Los Angeles, CA
Price
$ 3,650,000
Property Attributes
  • MLS#21697086
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • Style
  • Price$ 3,650,000
  • Bedrooms18
  • Full Bathrooms12
  • Half Bathrooms0
  • Lot Size6,850 SqFt
Listing Provided Courtesy Of:
Armin Soleimani with Global Platinum Properties, Inc..
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

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.

Price History
2/24/2021 Listed $4,000,000
3/17/2021 5% - $3,800,000
5/19/2021 4% - $3,650,000

General Features

Appliances Refrigerator
Carport Y/N Yes
Co-Listing Agent State License # 01911261
Co-listing Agent Julio Ruiz - BRE#01911261
Listing Agent Armin Soleimani - BRE#01846872
Listing Agent State License 01846872
MLS Area C16 - Mid Los Angeles
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 11
Zoning LARD1.5

Exterior Features

Lot Size Acres 0.15
Lot Size Area 6850
Lot Size Square Feet 6850
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Carport

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 $1.96M
$3.65M
Visits
AVG 83
137
Year Built
AVG 1935
1963
Walkscore
AVG 85
88
Data Provided by Walkscore ® not using MLS data

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