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Buy a multi-family propertyat 2701 S Cloverdale Avenue, Los Angeles, CA 90016

$1,125,000

$1,195,000 (-5.86%)

$0/mo

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Multifamily

4,801 Sq. Ft. lot

0 Bathrooms

398 Days on market

SR23029983 MLS ID

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About 2701 S Cloverdale Avenue multi-family property

Triplex in hot, trendy West Adams neighborhood with significant upside potential with ADU (Accessory Dwelling Unit) completion and increasing current rents to market level. Proforma rents estimated to yield 4.1% Cap Rate without ADU completion. ADU RTI completion in process - renderings and plans available. A short distance from novel developments such as Platform, Culver Steps-Amazon Studios, Cumulus District-Whole Foods, Ivy Station-HBO Headquarters, and Helms Bakery District, among many others. Don't miss out on this investment opportunity.
Triplex in hot, trendy West Adams neighborhood with significant upside potential with ADU (Accessory Dwelling Unit) completion and increasing current rents to market level. Proforma rents estimated to yield 4.1% Cap Rate without ADU completion. ADU RTI completion in process - renderings and plans available. A short distance from novel developments such as Platform, Culver Steps-Amazon Studios, Cumulus District-Whole Foods, Ivy Station-HBO Headquarters, and Helms Bakery District, among many others. Don't miss out on this investment opportunity.

Property details

House

Stories: 2

Expenses

Insurance Expense: $1,451

Operating Expense: $21,065

Water Sewer Expense: $3,600

Income

Gross Income: 49752

Gross Scheduled Income: 49752

Net Operating Income: 28687

Listing

Listing ID: SR23029983

Property Subtype: Triplex

Location

County: Los Angeles

Lot

Area: 4801

Monthly cost

Estimated monthly cost

$7,169/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Aug 12, 2016

Price

$400,000

Date

Apr 27, 2016

Price

$400,000

Date

Aug 2, 2004

Price

-

DatePrice
Aug 12, 2016$400,000
Apr 27, 2016$400,000
Aug 2, 2004-

Schools

This home is within the Los Angeles Unified School District.

Los Angeles & Culver City enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,057,500

+$33,750

$1,091,250

Seller agent commission$33,750 (3%)*

$0 (0%)

Buyer agent commission$33,750 (3%)*

$33,750 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $33,750 more selling your home
with a Unreal Estate agent

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State

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Unreal Estate checked: Aug 8, 2023 at 4:33 p.m.

Data updated: May 24, 2023 at 5:10 a.m.

Property listed by Amir Kasra Inc.dba Fortis Financial R.E., Amir Kasra {attribution_contact}
Based on information from California Regional Multiple Listing Service, Inc. as of 05/24/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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