1371-73 South Cloverdale Avenue, Los Angeles, CA 90019
Excellent Opportunity. 5-Units at Strong Current 5.6% Cap in Wilshire HIghlands
$2,150,000
11 beds
4,904 Sq.Ft.
1926 BUILT

1371-73 S. Cloverdale Avenue​​​​​​​

For all showings please email us at [email protected]

DOWNLOAD: CLOVERDALE OFFERING MEMORANDUM

DOWNLOAD: RENT ROLL/EXPENSE SHEET


Excellent Opportunity. 5-Units at Strong Current 5.6% Cap in Wilshire Vista​​​​​​​.  (FUTURE PRO-FORMA 7 CAP).

RARE & EXCELLENT IMMEDIATE OPPORTUNITY. 5-Unit Remodeled Spanish-Mediterranean style building in Wilshire/Miracle Mile Area. 3 Units (out of 5) Delivered Vacant or Can be Rented by Close (Buyer's Choice). If fully occupied, it will be 5.6% cap rate, with future pro-forma for 7% cap rate. PRIME LOCATION & DESIRABLE NEIGHBORHOOD.

Owner has already completed soft-story retrofit of garage. All 2 and 3 bedroom units. Laundry in units. RENT-READY IMMEDIATELY. New low-e windows, updated roof and copper plumbing. All units are Beautiful and Remodeled, except for unit 1371 (which will be delivered vacant but needs about $40k improvement budget). Very stable, easy to rent area and building. Parking provided for all units. Plus 4 storage unit single car garages. Near shops and cafes on Pico, Miracle Mile, LACMA, Culver City Art District. RARE OPPORTUNITY - CASH OFFERS RECOMMENDED IF PURCHASING VACANT.

WATCH VIDEO

Property Images

""Excellent 5-plex Opportunity with Prime Location and Future Upside.""
Jerry

Area & Lot

Status
Sold
Living Space
4,904 Sq.Ft.
Total Area
7,834 Sq.Ft.
Type
Multi-Family
Year Built
1926
Architecture Styles
Mediterranean
School District
LAUSD

Interior

Bedrooms
11
Total Bathrooms
8

Exterior

Garage Space
4

Financial

Sales Price
$2,150,000

Work With Us

Helping Angelenos net more on their sale in less time, while providing the most smooth, stress-free transaction.

Find a home with the Jerry & Rachel Hsieh Real Estate Team.