1371 S Cloverdale Ave, Los Angeles, CA 90019

$2,150,000
11
BD
8
BA
4,904
SqFt
List Price
$2,150,000
MLS#
21-727750
Year Built
1926
Bedrooms
11
Bathrooms
8
Living Sq. Ft
4,904
Lot Size
7,834
Days on Market
41
Property Type
Multifamily
Style
Mediterranean

Property Description

RARE & EXCELLENT IMMEDIATE OPPORTUNITY. DELIVERED AT 5.6% CAP RATE! 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 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 AND FINANCED OFFERS OK! SEE DOCSMANAGER FOR OFFERING MEMORANDUM AND RENT ROLLS AND EXPENSE SHEET

Additional Information

Other Buildings
Accessory Bldgs, Accessory Dwelling Unit
Heat
Wall
Cooling
Wall/Window
View
None
Number of Cars in Garage
Assigned, Tandem, Parking Space

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Rachel Hsieh - CA DRE#

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