2301 S Cloverdale Avenue
Los Angeles, CA 90016
Active for $5,995,000
Beds: 30 Baths: 35 Structure Size: 10,444 sqft Lot Size: 10,083 sqft
| MLS | 24457063 |
| Year Built | 2019 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $5,995,000 |
| Structure Size | 10,444 sqft |
| Lot Size | 10,083 sqft |
| Beds | 30 |
| Baths | 35 |
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 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 15, 2024. Tours can be scheduled of the vacant unit with listing agents. Contact us soon before it goes!
Listing information courtesy of: Will Tiao, The Collective Realty 323-363-1096. *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Elizabet Stepanyan
REALTOR®
Direct: 818-818-8628
Email: Email Me
DRE: 02210228
DRE #01873088
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