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409 S Cloverdale Ave

Los Angeles, CA 90036
  • $3,275,000
  • STATUS: Active Under Contract
  • ON SITE: 43 Days
  • ID#: 21-110939
Under Contract
UPDATED: 29 min ago
$3,275,000
  • 9
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,824
    SQFT
  • $419
    $/SQFT
Type:
Multi-Family
Built:
1931
County:

School Ratings & Info

Description

We are pleased to present 409 S. Cloverdale Avenue, a two-story apartment building located in the desirable neighborhood of Miracle Mile, one mile south of MelroseAvenue. Situated on a 8,461 SF lot, the property offers 7,824 rentable SF. The current unit mix consists of seven (7) one-bedroom/one-bathroom units and one (1) two-bedroom/one-bath unit. The property is within close-proximity to The Grove and Pan Pacific Park, giving residents convenient access to an array of popular shopping and dining venues.409 S Cloverdale Avenue has been held by current ownership for over 23 years, offering investors the perfect opportunity to purchase an investment property with huge upside potential, which could be achieved through interior and exterior renovations.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T07:42:23.3. 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.bringingyouhomescv.com/homes/123873961
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409 S Cloverdale Ave Los Angeles, CA 90036

  • Price: $3,275,000
  • Status: Active Under Contract
  • On Site: 43 Days
  • Updated: 29 min ago
  • ID#: 21-110939
9
Beds
0
Baths
0
½ Baths
0.19
Acres
7,824
SQFT
$419
$/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 Avenue, a two-story apartment building located in the desirable neighborhood of Miracle Mile, one mile south of MelroseAvenue. Situated on a 8,461 SF lot, the property offers 7,824 rentable SF. The current unit mix consists of seven (7) one-bedroom/one-bathroom units and one (1) two-bedroom/one-bath unit. The property is within close-proximity to The Grove and Pan Pacific Park, giving residents convenient access to an array of popular shopping and dining venues.409 S Cloverdale Avenue has been held by current ownership for over 23 years, offering investors the perfect opportunity to purchase an investment property with huge upside potential, which could be achieved through interior and exterior renovations.
Exterior Features

Lot Size Area 8461 Other Structures None Parking Garage Covered Parking Total Parking 6

Interior Features

Baths Total 8.00 Cooling Wall/Window Equipment None Heating Wall

Property Features

Assessed Total Value 1032604 Gross Income 181164 Gross Operating Income 176869 Like Units1 7 Like Units2 1 Net Operating Income 107893.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 68976 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T07:42:23.3. 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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Montemayor & Associates | RE/MAX of Santa Clarita
25129 The Old Road, Suite 114
Stevenson Ranch CA, 91381