2301 South Cloverdale Avenue

Los Angeles, CA 90016

$5,995,000
Price
30
Beds
35
Baths
10,444 Sq. Ft.
$574 / Sq. Ft.
10,444
Sq. Ft.
$574
per Sq. Ft.

Description

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...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!
  1. Listed by Will Tiao • DRE #01918965 • Brokerage DRE #01335786 • The Collective Realty
  2. Listed by Ken Dennis • DRE #02097826 • Brokerage DRE #01335786 • The Collective Realty

Property Details for 2301 South Cloverdale Avenue

Water Front
None
Zoning
LARD2
Style
Contemporary
Cross Streets
La Brea and 21st
Accessibility Features
2+ Access Exits
Parcel Number
5063008066
Total Units
5.0
Living Area
10444
LISTING UPDATED: 11/18/2024 06:34 PM

Property Details for 2301 South Cloverdale Avenue

StatusActive
MLS #24-457063
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2019
Lot Size0.23 AC / 10,083 SF
CountyLos Angeles County

Building Information for 2301 South Cloverdale Avenue

Stories-Residences-Year Built2019Building Size-Lot Size0.23 AC / 10,083 SF

Property Information for 2301 South Cloverdale Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 5
  • Amenities: Gated Parking
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Owner
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: apartments
  • View: Yes
  • View Description: City
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: Gated
  • Property Condition: New Construction
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $537,000
  • Net Operating Income: $432,352.00
  • Gross Income: $525,000
  • Cap Rate: 7.20%
  • Gross Rent Multiplier: $11.16
  • Actual Gross Annual Income: $12,000
  • Total Annual Expense: 104648
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Paved: Yes
  • Lot Acreage: 0.2315
  • Lot Size Square Feet: 10083
  • Lot Description: Automatic Gate
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Community Garage, Covered Parking
  • Total Parking: 16
  • Covered Parking: 16
  • Garage Spaces Total: 16
  • Parking Features: Community Structure, Covered
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room
  • Levels: Three Or More
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate, Hardwood
  • Equipment: Range/Oven, Refrigerator, Microwave, Dryer, Washer
  • Interior Features: Common Walls
  • Common Walls: Attached
  • Cooking Appliances: Free Standing Gas, Microwave
  • Laundry: In Unit, In Living Room
  • Laundry Equipment: Own
  • Disability Access: Chairlift, DisabilityAccess, 2+ Access Exits
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 6
  • Unit Baths: 7
  • Unit Furnished: No
  • Unit Rent: $8,750.00
  • Unit Actual Rent: $8,750.00
  • Unit Projected Rent: $8,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 6
  • Unit Baths: 7
  • Unit Furnished: No
  • Unit Rent: $8,750.00
  • Unit Actual Rent: $8,750.00
  • Unit Projected Rent: $8,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 6
  • Unit Baths: 7
  • Unit Furnished: No
  • Unit Rent: $8,750.00
  • Unit Actual Rent: $8,750.00
  • Unit Projected Rent: $8,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 6
  • Unit Baths: 7
  • Unit Furnished: No
  • Unit Rent: $8,750.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 6
  • Unit Baths: 7
  • Unit Furnished: No
  • Unit Rent: $8,750.00
  • Unit Actual Rent: $8,750.00
  • Unit Projected Rent: $8,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
  • Number of Dishwasher: 5
  • Number of Disposal: 5
  • Number Leased: 4
  • Number Range: 5
  • Number Refrigerator: 5
  • Number Water Meters: 5
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,841,546.00
  • Assessed Improvement Percent: 67.63
  • Assessed Land Value: $881,258.00
  • Assessed Land Percent: 32.37
  • Assessed Total Value: $2,722,804.00

Property History for 2301 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 2301 South Cloverdale Avenue

Taxable ValueLand$1,836,000Additions$3,264,000Total$5,100,000
Tax Record2024$62,659 ($5,222 / month)
Home Facts
Total Finished SqFt10,444 SqFtAbove Grade Finished SqFt10,444 SqFtStories1Lot Size10,080 SqFtStyleMulti-Family Res (5+ Units)Year Built2019ZoningLARD2CountyLOS ANGELESAPN5063-008-066

Schools near 2301 South Cloverdale Avenue

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

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

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.

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2301 South Cloverdale Avenue is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on October 25, 2024 by The Collective Realty, it's currently listed at $5,995,000. It has been on the market for a total of 28 days and was last sold on December 30, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Cienega Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2301 South Cloverdale Avenue is a 30-bed, 35-bath, 10,444 sqft multi-family home built in 2019.

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 The Collective Realty, Will Tiao, DRE #01918965; The Collective Realty, Ken Dennis, DRE #02097826

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.