1201 South Cloverdale Avenue

Los Angeles, CA 90019

$2,650,000
Price
10
Beds
8
Baths
6,102 Sq. Ft.
$434 / Sq. Ft.
6,102
Sq. Ft.
$434
per Sq. Ft.

Description

The property consists of five units, built in 1940, on an 8,135 square foot lot zoned R3-1HPOZ, with two separate structures totaling 6,102 square feet. Frontage is on Cloverdale Ave and 12th Street, and the property is one block from San Vicente Blvd. The front building is a two-story walk-up layout with two large (1,400 to 1,600 +/- SF) townhome-style units with patios. One unit has four bedrooms and three bathrooms, and the other has three bedrooms and two bathrooms. The rear building has three...The property consists of five units, built in 1940, on an 8,135 square foot lot zoned R3-1HPOZ, with two separate structures totaling 6,102 square feet. Frontage is on Cloverdale Ave and 12th Street, and the property is one block from San Vicente Blvd. The front building is a two-story walk-up layout with two large (1,400 to 1,600 +/- SF) townhome-style units with patios. One unit has four bedrooms and three bathrooms, and the other has three bedrooms and two bathrooms. The rear building has three one-bedroom, one-bathroom units over two 2-car garages and a large laundry room. The property is individually metered for gas and electricity and the landlord pays for water and sewer. ADU Potential - The building in the rear of the property on 12th Street has three units over two garages. There is potential to convert the garages to an accessory dwelling unit (ADU) buyer to verify with the city.
  1. Listed by Tim Steuernol • DRE #01742766 • Brokerage DRE #00389515 • NAI Capital Commercial Inc.

Property Details for 1201 South Cloverdale Avenue

Water Front
None
Zoning
LAR3
Style
Spanish
Parcel Number
5084032018
Total Units
5.0
Living Area
6102
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
LISTING UPDATED: 06/28/2024 12:01 AM

Property Details for 1201 South Cloverdale Avenue

StatusActive
MLS #24-406261
Days on Market156
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.19 AC / 8,135 SF
CountyLos Angeles County

Building Information for 1201 South Cloverdale Avenue

Stories2Residences-Year Built1940Building Size-Lot Size0.19 AC / 8,135 SF

Property Information for 1201 South Cloverdale Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1/1 3/2 4/3
  • Security Features: Gated
  • Water: Meter on Property
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $166,918
  • Net Operating Income: $114,580.00
  • Gross Income: $171,336
  • Gross Rent Multiplier: $15.40
  • Financial Info as Of: 06/20/2024
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Other
  • Total Annual Expense: 52338
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1866
  • Lot Size Square Feet: 8135
  • Lot Features: Front Yard, Lawn
  • Lot Description: Front Yard, Lawn, Single Lot
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Tandem, Private, Private Garage, Built-In Storage
  • Total Parking: 6
  • Covered Parking: 2
  • Open Other Spaces Total: 4
  • Parking Features: Tandem Garage, Private, Built-In Storage
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Ceiling Fan
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood
  • Equipment: Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Electric Dryer Hookup
  • Laundry: Inside
Exterior Features
Exterior Features
  • Patio Features: Patio Open
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-20-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,011.00
  • Unit Actual Rent: $1,011.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,970.00
  • Unit Actual Rent: $1,970.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,222.00
  • Unit Actual Rent: $4,222.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,575.00
  • Unit Actual Rent: $4,575.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $691,949.00
  • Assessed Improvement Percent: 46.11
  • Assessed Land Value: $808,623.00
  • Assessed Land Percent: 53.89
  • Assessed Total Value: $1,500,572.00

Property History for 1201 South Cloverdale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1201 South Cloverdale Avenue

Taxable ValueLand$824,795Additions$705,787Total$1,530,582
Tax Record2024$19,533 ($1,628 / month)
Home Facts
Total Finished SqFt6,102 SqFtAbove Grade Finished SqFt6,102 SqFtLot Size8,135 SqFtStyleMulti-Family Res (5+ Units)ZoningLAR3CountyLOS ANGELESAPN5084-032-018

Schools near 1201 South Cloverdale Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Wilshire Crest Elementary School
PublicK to 5

New Los Angeles Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1201 South Cloverdale Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on June 20, 2024 by NAI Capital Commercial Inc., it's currently listed at $2,650,000. It has been on the market for a total of 156 days and was last sold on November 6, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Crest Elementary School, New Los Angeles Charter School and Fairfax Senior High School. 1201 South Cloverdale Avenue is a 10-bed, 8-bath, 6,102 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Capital Commercial Inc., Tim Steuernol, DRE #01742766

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.