$2,150,000 Calculate Payment
1371 Cloverdale Ave Los Angeles, CA 90019
Single Family Residence
0.18 Acre Lot
Time on Site
Days on Market
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 LOCAT...ION & 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 Clean/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. SEE DOCSMANAGER FOR OFFERING MEMORANDUM AND RENT ROLLS AND EXPENSE SHEET Continue reading
Price per Sq. Ft.
Detailed Room Information
Exterior / Lot Features
8 Parking Spaces.
Additional Exterior/Lot Features
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