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2301 Cloverdale Avenue, Los Angeles, CA 90016
Priced at Only: $5,750,000
For more Information Call
Mobile: 714.478.6676
Address: 2301 Cloverdale Avenue, Los Angeles, CA 90016
Property Photos

Property Location and Similar Properties
- MLS#: 24457063 ( )
- Street Address: 2301 Cloverdale Avenue
- Viewed: 24
- Price: $5,750,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2019
- Bldg sqft: 0
- Days On Market: 184
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90016
- Provided by: The Collective Realty
- Contact: Will Will
- DMCA Notice
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DescriptionMAJOR PRICE ADJUSTMENT! SELLER EXTREMELY MOTIVATED! BRING ALL OFFERS! 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 13.31 GRM and 5.7% 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 10.71 and 7.55% cap rate. There are plans to add an additional 1bd/1ba ADU that could add additional income. Seller has priced this aggressively. Tours can be scheduled of the vacant unit with listing agents. Contact us soon before it goes!
Features
Accessibility Features
- 2+ Access Exits
Appliances
- Microwave
- Refrigerator
Architectural Style
- Contemporary
Building Area Total
- 10444.00
Cooling
- Central Air
Country
- US
Flooring
- Laminate
- Wood
Garage Spaces
- 16.00
Heating
- Central
Laundry Features
- Washer Included
- Dryer Included
Levels
- Three Or More
Netoperatingincome
- 434216.00
Parcel Number
- 5063008066
Parking Features
- Community Structure
- Covered
Pool Features
- None
Security Features
- Gated Community
Sourcesystemkey
- 24-457063:CLAW
Spa Features
- None
Totalexpenses
- 102784.00
View
- City Lights
Views
- 24
Year Built
- 2019
Zoning
- LARD2

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com