Sheleneatanacio.com
Price Reduction
Address
1443 S Cloverdale Avenue Los Angeles, CA
Price
$ 6,000,000
Property Attributes
  • MLS#21697094
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • Style
  • Price$ 6,000,000
  • Bedrooms31
  • Full Bathrooms24
  • Half Bathrooms0
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Armin Soleimani with Global Platinum Properties, Inc.
Data Source:
CLAW
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.

Price History
2/24/2021 Listed $6,750,000
3/16/2021 6% - $6,350,000
5/19/2021 6% - $6,000,000

General Features

Appliances Refrigerator
Carport Y/N Yes
Co-Listing Agent State License # 01911261
Listing Agent Armin Soleimani - BRE#01846872
Listing Agent State License 01846872
MLS Area C16 - Mid Los Angeles
Parking Features Carport
Property Type Residential Income
Special Listing Conditions Standard
Total Units 19
Zoning LARD1.5

Exterior Features

Lot Size Acres 0.15
Lot Size Area 13699
Lot Size Source Owner
Lot Size Square Feet 13699
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90019

Price
AVG $1.86M
$6M
Visits
AVG 10
33
Year Built
AVG 1934
1963
Walkscore
AVG 85
88
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover