CA > Los Angeles
Los Angeles, CA 90016,2301 S Cloverdale AVE
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Los Angeles, CA 90016,2301 S Cloverdale AVE
Los Angeles, CA 90016,2301 S Cloverdale AVE
Los Angeles, CA 90016,2301 S Cloverdale AVE
Los Angeles, CA 90016,2301 S Cloverdale AVE
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Jeffrey Bullock

Jeffrey Bullock

$ 5,750,000
Est. payment /mo
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Price Dropped by $245K

2301 S Cloverdale AVE Los Angeles, CA 90016

30 Beds

35 Baths

10,444 SqFt

UPDATED:

12/19/2024 01:04 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,444 sqft

Price per Sqft $550

MLS Listing ID 24457063

Bedrooms 30

HOA Y/N No

Year Built 2019

Lot Size 10,084 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Wood

Fireplace No

Appliance Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Covered, Community Structure

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Accessibility Safe Emergency Egress from Home

Total Parking Spaces 16

Private Pool No

Building

Entry Level Three Or More

Architectural Style Contemporary

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 5063008066

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Will Tiao • The Collective Realty
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