CA > Los Angeles
Los Angeles, CA 90016,2301 S Cloverdale Ave
Los Angeles, CA 90016,2301 S Cloverdale Ave
Los Angeles, CA 90016,2301 S Cloverdale Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$5,995,000
Est. payment /mo
30 Beds
35 Baths
10,444 SqFt
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UPDATED:

11/02/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,444 sqft

Price per Sqft $574

MLS Listing ID 24-457063

Style Contemporary

Bedrooms 30

Construction Status New Construction

Year Built 2019

Lot Size 10,083 Sqft

Acres 0.2315

Property Description

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 14.27 GRM and 5.5% 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 11.16 and 7.2% cap rate. There are plans to add an additional 1bd/1ba ADU that could add additional income. Seller has priced this aggressively and is calling for offers by November 15, 2024. Tours can be scheduled of the vacant unit with listing agents. Contact us soon before it goes!

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD2

Rooms

Other Rooms None

Dining Room 0

Interior

Interior Features Common Walls

Heating Central

Cooling Central

Flooring Laminate, Hardwood

Equipment Range/Oven, Refrigerator, Microwave, Dryer, Washer

Laundry In Unit, In Living Room

Exterior

Garage Community Garage, Covered Parking

Garage Spaces 16.0

Pool None

Amenities Available Gated Parking

Waterfront Description None

View Y/N Yes

View City

Handicap Access Chairlift, DisabilityAccess, 2+ Access Exits

Building

Lot Description Automatic Gate

Architectural Style Contemporary

Level or Stories Three Or More

Construction Status New Construction

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Collective Realty

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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