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409 S Cloverdale Ave

Los Angeles, CA 90036
  • $3,300,000
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 21-755880
$3,300,000
  • 9
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,824
    SQFT
  • $422
    $/SQFT
Type:
Multi-Family
Built:
1931
County:

School Ratings & Info

Description

We are pleased to present 409 S Cloverdale Ave, an 8-unit Spanish style apartment building located in Miracle Mile. Built in 1931, the two-story, 7,824-sqft property is situated on an 8,461-sqft lot zoned LAR4. The beautiful building boasts (7) large one bed one bath units and (1) two bed one bath unit. The property also provides a combination of (6) covered garage and (2) uncovered parking spaces in the back. One of the lower units was recently remodeled and features high ceilings, hardwood floors, stained glass windows, crown moldings, stainless steel appliances, refrigerator, dishwasher, oven/stove top, microwave, and a remodeled bathroom with shower and separate bathtub. There are also a washer/dryer in the unit! With significant upside potential for the other units, it offers investors an opportunity to add value to a quality, income producing property in a prime LA market. 409 S Cloverdale is located in the Miracle Mile neighborhood. Miracle Mile is a vibrant community brimming with retail, restaurants and entertainment. One of its main attractions is Museum Row, a strip comprised of the Los Angeles County Museum of Art (LACMA), the La Brea Tar Pits, the Peterson Automotive Museum and others. The property is just off of 3rd Street and La Brea, and its in close proximity to Hancock Park, Beverly Hills, Koreatown, West Hollywood and DTLA.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-19T23:42:36.453. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.randyplaice.com/homes/118914243
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409 S Cloverdale Ave Los Angeles, CA 90036

  • Price: $3,300,000
  • Status: Active
  • ID#: 21-755880
9
Beds
0
Baths
0
½ Baths
0.19
Acres
7,824
SQFT
$422
$/SQFT
1931
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
We are pleased to present 409 S Cloverdale Ave, an 8-unit Spanish style apartment building located in Miracle Mile. Built in 1931, the two-story, 7,824-sqft property is situated on an 8,461-sqft lot zoned LAR4. The beautiful building boasts (7) large one bed one bath units and (1) two bed one bath unit. The property also provides a combination of (6) covered garage and (2) uncovered parking spaces in the back. One of the lower units was recently remodeled and features high ceilings, hardwood floors, stained glass windows, crown moldings, stainless steel appliances, refrigerator, dishwasher, oven/stove top, microwave, and a remodeled bathroom with shower and separate bathtub. There are also a washer/dryer in the unit! With significant upside potential for the other units, it offers investors an opportunity to add value to a quality, income producing property in a prime LA market. 409 S Cloverdale is located in the Miracle Mile neighborhood. Miracle Mile is a vibrant community brimming with retail, restaurants and entertainment. One of its main attractions is Museum Row, a strip comprised of the Los Angeles County Museum of Art (LACMA), the La Brea Tar Pits, the Peterson Automotive Museum and others. The property is just off of 3rd Street and La Brea, and its in close proximity to Hancock Park, Beverly Hills, Koreatown, West Hollywood and DTLA.
Exterior Features

Covered Parking 6 Lot Size Area 8461 Other Structures None Parking Garage Covered ParkingAssignedGarage Style Spanish Total Parking 8

Interior Features

Baths Total 8.00 Cooling Air Conditioning Equipment Other Heating Central

Property Features

Assessed Total Value 1022017 Gross Income 175960 Gross Operating Income 175960 Like Units1 7 Like Units2 1 Net Operating Income 107638.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 68322 Type Of Units 8 Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-19T23:42:36.453. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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