1432 South Cloverdale Avenue

Los Angeles, CA 90019

$1,350,000
Price
7
Beds
4
Baths
2,730 Sq. Ft.
$495 / Sq. Ft.
2,730
Sq. Ft.
$495
per Sq. Ft.

Description

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...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!
  1. Listed by Deboura Emanuel • DRE #01367535 • Keller Williams Studio City
  2. Listed by Hooman Emanuel • DRE #01200237 • Keller Williams Studio City

Property Details for 1432 South Cloverdale Avenue

Zoning
LARD1.5
Parcel Number
5070014011
Total Units
4.0
Living Area
2730
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6852

Location

Listing Courtesy of Keller Williams Studio City, Deboura Emanuel, DRE #01367535; Keller Williams Studio City, Hooman Emanuel, DRE #01200237
Add your commute
LISTING UPDATED: 01/30/2024 12:01 AM

Property Details for 1432 South Cloverdale Avenue

StatusActive
MLS #24-350787
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.16 AC / 6,852 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Studio City, Deboura Emanuel, DRE #01367535; Keller Williams Studio City, Hooman Emanuel, DRE #01200237
Add your commute

Building Information for 1432 South Cloverdale Avenue

Stories-Residences-Year Built1914Building Size-Lot Size0.16 AC / 6,852 SF

Payment Calculator

$8,388 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$1,020

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1432 South Cloverdale Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $65,408
  • Net Operating Income: $53,533.00
  • Gross Income: $73,008
  • Gross Rent Multiplier: $18.49
  • Actual Annual Gross Rent: $73,008.00
  • Total Annual Expense: 19475
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1573
  • Lot Size Square Feet: 6852
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-23-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $789.00
  • Unit Actual Rent: $1,579.00
  • Unit Projected Rent: $3,850.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,005.00
  • Unit Actual Rent: $2,005.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $244,035.00
  • Assessed Improvement Percent: 25.06
  • Assessed Land Value: $729,810.00
  • Assessed Land Percent: 74.94
  • Assessed Total Value: $973,845.00

Property History for 1432 South Cloverdale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1432 South Cloverdale Avenue

Taxable ValueLand$729,810Additions$244,035Total$973,845
Tax Record2023$12,234 ($1,020 / month)
Home Facts
Total Finished SqFt2,730 SqFtAbove Grade Finished SqFt2,730 SqFtLot Size6,850 SqFtStyleQuadraplexYear Built1914ZoningLARD1.5CountyLOS ANGELESAPN5070-014-011

Schools near 1432 South Cloverdale Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1432 South Cloverdale Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on January 22, 2024 by Keller Williams Studio City, it's currently listed at $1,350,000. It has been on the market for a total of 99 days and was last sold on June 10, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Fairfax Senior High School. 1432 South Cloverdale Avenue is a 7-bed, 4-bath, 2,730 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Studio City, Deboura Emanuel, DRE #01367535; Keller Williams Studio City, Hooman Emanuel, DRE #01200237

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.