2301 South Cloverdale Avenue
$5,995,000
30
35
10,444
10,444
$574
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!
- Listed by Will Tiao • DRE #01918965 • Brokerage DRE #01335786 • The Collective Realty
- Listed by Ken Dennis • DRE #02097826 • Brokerage DRE #01335786 • The Collective Realty
Property Details for 2301 South Cloverdale Avenue
Water Front
None
ZoningLARD2
StyleContemporary
Cross StreetsLa Brea and 21st
Accessibility Features2+ Access Exits
Parcel Number5063008066
Total Units5.0
Living Area10444
LISTING UPDATED: 11/18/2024 06:34 PM
Property Details for 2301 South Cloverdale Avenue
Status | Active |
---|---|
MLS # | 24-457063 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2019 |
Lot Size | 0.23 AC / 10,083 SF |
County | Los 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
Property History for 2301 South Cloverdale Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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