1443 S Cloverdale Ave, Los Angeles, CA 90019

$6,000,000
31
BD
25
BA
12,721
SqFt
List Price
$6,000,000
Price Change
▼ $350,000 1621401740
MLS#
21-697094
Year Built
1963
Bedrooms
31
Bathrooms
25
Living Sq. Ft
12,721
Lot Size
13,699
Days on Market
115
Property Type
Multifamily

Property Description

Reduced 750k! Once in a lifetime 100% Vacant 15 Units + 4 ADUs in Prime Mid City priced at only 349k/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 detached 1,200 SF 3 Bed 3 Bath ADUs & 2 attached 400 SF 1 Bed 1 Bath ADUs. 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.

Additional Information

Other Buildings
None
Heat
Wall Gas
Cooling
Wall Unit(s)
Number of Cars in Garage
Carport

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of , Armin Soleimani - CA DRE#

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