2301 S Cloverdale Avenue
Los Angeles, CA 90016
- – beds
- – baths
- – sqft
- 10,083 sqft lot
- 2019 build
- – on site
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 14.27 GRM and 5.5% 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 11.16 and 7.2% cap rate. There are plans to add an additional 1bd/1ba ADU that could add additional income. Seller has priced this aggressively and is calling for offers by November 22, 2024. Tours can be scheduled of the vacant unit with listing agents. Contact us soon before it goes!
Last checked:
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Last updated Nov 19, 2024
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MLS# 24457063 —
The Building
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Year Built:2019
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New Construction:Yes
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Architectural Style:Contemporary
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Entry Level:1
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Accessibility Features:2+ Access Exits
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Building Area Total:10444.00
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# of Buildings:2
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Total Number Of Units:5
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# of Separate Water Meters:5
Interior
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Levels:Three Or More
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Flooring:Laminate, Wood
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Room Type:Living Room
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:Exit S La Brea Ave, W on W 21st St., S on S Cloverdale Ave.
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Latitude:34.03672300
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Longitude:-118.35599600
The Property
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Property Type:Residential Income
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Zoning:LARD2
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Lot Size Area:10083.0000
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Lot Size Acres:0.2315
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Lot Size SqFt:10083.00
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Lot Size Source:Owner
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View:1
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View:City Lights
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Security Features:Gated Community
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5063008066
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Microwave, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Community Structure, Covered
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Parking Spaces:16.00
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Garage Spaces:16.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/30/24
Oct 30, 2024
|
Listed / Active | CRMLS_CA | $5,995,000 | 658.9% (81.4% / YR) |
|
9/27/16
Sep 27, 2016
|
CRMLS_CA | $790,000 | ||
|
8/19/16
Aug 19, 2016
|
Listed / Active | DAMLS |
