Active
2301 S Cloverdale Ave
Los Angeles CA, 90016
$5,750,000
$550.56 per sqft
Active
30 Beds
35 Baths
10,444 sqft
Multi-family
Built in 2019
MAJOR PRICE ADJUSTMENT! SELLER EXTREMELY MOTIVATED! BRING ALL OFFERS! This contemporary building in Mid-City Los Angeles, constructed in 2019, is non-LA rent controlled and boasts 5 upscale vertical townhouses, each designed with modern architecture that harmonizes style and functionality. Each unit features a spacious layout, including 6 bedrooms and 6.5 bathrooms, complete with elegant hardwood floors and thoughtfully designed interiors that showcase three levels of luxurious suites, each equipped with designer bathrooms and ample closet space. The entry level welcomes residents and guests with a generous living room, complemented by a guest bath and a chef's kitchen adorned with slab countertops and high-end stainless steel appliances ideal for entertaining. Additional building highlights include a secure gated entry, an inviting outdoor community courtyard, and 16 gated parking spaces. The property is pet-friendly, making it an attractive option for a diverse range of tenants. This prime location in Mid City LA offers easy access to vibrant local amenities and transportation options including the 10, 405, 110 freeways and E and K metro Line. The property currently has a solid 13.31 GRM and 5.7% cap rate despite having one vacancy. Fully occupied, the property has the potential to generate a gross income of $537k/year equating to an unheard of pro forma GRM of 10.71 and 7.55% cap rate. There are plans to add an additional 1bd/1ba ADU that could add additional income. Seller has priced this aggressively. Tours can be scheduled of the vacant unit with listing agents. Contact us soon before it goes!
24-457063
MLSⓇ ID
October 30, 2024
Listed
December 19, 2024
Updated
Map
2301 S Cloverdale Ave
Los Angeles CA, 90016
Interior Features
Total Stories
0
Bedrooms
30
Total Bathrooms
35
Interior Features
Common Walls
Appliances
Range/Oven, Refrigerator, Microwave, Dryer, Washer
Laundry Description
In Unit, In Living Room
Floor Description
Laminate, Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.23 Acres
Lot Features
Automatic Gate
Architectual Style
Contemporary
Other Property Details
Area Name
Mid Los Angeles
Days on Market
54
Association Amenities
Gated Parking
Garage
Yes
Garage Spaces
16
Parking
Community Garage, Covered Parking
Parking Total
16
View
Yes
View Description
City
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LARD2
Listing History
Date | Event | Price |
---|---|---|
12/16/2024 | Price change | $5,750,000 -5% |
Listed by Will Tiao with The Collective Realty
Listing Contact: 323-363-1096
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Janin Paine | CA DRE# 00926341 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/19/2024