1201 S Cloverdale Ave - Apartments FOR SALE


Los Angeles, CA 90019- Miracle Mile
$2,650,000 USD
310-406-9110
1201 S Cloverdale Ave, Los Angeles, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/27
null | 4.32% Cap Rate

1201 S Cloverdale Ave
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • Walk Score of 85, Bike Score of 82. Very walkable, most errands can be accomplished on foot and very convenient for most trips on a bike.
  • ADU Potential
  • Incredible Mid-City submarket location in a highly desirable historic neighborhood surrounded by million-dollar homes, new development, amenities.
  • Approximately 24% Upside in Rents

OVERVIEW

Incredible Mid-City submarket location in a highly desirable historic neighborhood surrounded by million-dollar homes, new development, and great amenities. Approximately 24% Upside in Rents Vacant 4+3 Townhome Unit Ideal for an Owner/User Two Large Townhome Units - The Front Building has (2) Large Townhome Style Units that are estimated at 1,400 to 1,600 +/- square feet. The Back Building has (3) Large one-bedroom, one-bathroom units. Select units have large closets, built-in storage, gated patios, ceiling fans, washer/dryers, hardwood floors, remodeled kitchens and bathrooms. Spacious R3 Zoned Corner Lot with Two Separate Structures and mature landscape. ADU Potential - The building in the rear of the property on 12th Street has three units over two garages. There is potential to convert the garages to an accessory dwelling unit (ADU). Gated courtyard patio space with Spanish tile. Walk Score of 85, Bike Score of 82. Very walkable, most errands can be accomplished on foot and very convenient for most trips on a bike.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

5

PRICE/UNIT

$530,000

CAP RATE

4.32%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LAR3

APN/PARCEL ID

5084-032-018

ASK ABOUT THIS PROPERTY

Tim SteuernolNAI CapitalMore Info
310-406-9110

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Tim SteuernolNAI CapitalMore Info
310-406-9110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.