1432 S Cloverdale Ave
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1432 S Cloverdale Ave
4 Unit Apartment Building $1,840,756 CAD ($460,189 CAD/Unit) 4.20% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Prime Location-quick and convenience access to major freeways
- Plans for 2 ADUs
- Potential-opportunity for increased rental income and value appreciation
Executive Summary
Price Reduced! Outstanding Investment Opportunity in Prime Mid City Location! Discover the potential of this exceptional fourplex located in the heart of Mid City. Boasting a highly sought-after location, this property is strategically positioned with easy access to major freeways, making it convenient for residents to commute and access nearby amenities.
Key Highlights: Prime Location: With quick and convenient access to major freeways, commuting is a breeze for residents. Upside Potential: Unlock the untapped potential of this property with the opportunity for increased rental income and value appreciation. Whether through strategic renovations or improved property management, there can be significant upside. Approved Plans for 2 ADUs: (Buyer to verify the status) A unique advantage of this property is the approved plans to add two Accessory Dwelling Units (ADUs). Take advantage of this rare opportunity to expand the property's potential and increase rental income. Whether you're a seasoned
investor or entering the real estate market, the upside and approved plans for expansion make this an attractive opportunity. Seize the opportunity to acquire a property with a great Mid City location, upside potential, and approved plans for additional units. Don't miss out on the potential this property has to offer!
Key Highlights: Prime Location: With quick and convenient access to major freeways, commuting is a breeze for residents. Upside Potential: Unlock the untapped potential of this property with the opportunity for increased rental income and value appreciation. Whether through strategic renovations or improved property management, there can be significant upside. Approved Plans for 2 ADUs: (Buyer to verify the status) A unique advantage of this property is the approved plans to add two Accessory Dwelling Units (ADUs). Take advantage of this rare opportunity to expand the property's potential and increase rental income. Whether you're a seasoned
investor or entering the real estate market, the upside and approved plans for expansion make this an attractive opportunity. Seize the opportunity to acquire a property with a great Mid City location, upside potential, and approved plans for additional units. Don't miss out on the potential this property has to offer!
Property Facts
| Price | $1,840,756 CAD | Building Class | C |
| Price Per Unit | $460,189 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,730 SF |
| Cap Rate | 4.20% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1914/1929 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,840,756 CAD |
| Price Per Unit | $460,189 CAD |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,730 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1914/1929 |
| Parking Ratio | 1.46/1,000 SF |
Unit Amenities
- Air Conditioning
- Yard
- Lawn
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 5070-014-011 | Improvements Assessment | $354,266 CAD |
| Land Assessment | $1,059,468 CAD | Total Assessment | $1,413,734 CAD |
PROPERTY TAXES
Parcel Number
5070-014-011
Land Assessment
$1,059,468 CAD
Improvements Assessment
$354,266 CAD
Total Assessment
$1,413,734 CAD
zoning
| Zoning Code | RD1.5 (Tier 1 TOC (build up to 8 units buyer to verify with city)) |
| RD1.5 (Tier 1 TOC (build up to 8 units buyer to verify with city)) |
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1432 S Cloverdale Ave
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