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Listing Details

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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 California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
www.debonishomes.com/homes/118916010
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409 S Cloverdale Avenue Los Angeles (City), CA 90036

  • Price: $3,300,000
  • Status: Active
  • Updated: 170 min ago
  • ID#: 21755880
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1931
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - 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

Architectural Style Spanish Parking Features AssignedCoveredGarage

Interior Features

Heating Central Heating YN Yes

Property Features

Garage YN Yes Gross Income 175960 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 107638 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar4

Listing provided courtesy of Daniel Withers of Matthews Real Estate Investment Services


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
 
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The DeBonis Team | Realty Masters & Associates
19040 Van Buren Boulevard #107
Riverside CA, 92508