Mohr Real Estate Group

Mohr Real Estate Group

2301 S Cloverdale Avenue Los Angeles CA 90016 MLS #24457063

There are multiple listings for this address:
2301 S Cloverdale Avenue
Los Angeles, CA, 90016
$5,750,000
Beds
0 Baths
SqFt
0.23 Acres
Add
Add
$5,750,000
2301 S Cloverdale Avenue
Los Angeles, CA, 90016
MLS #24457063 img 0

Property Description


MAJOR 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!

Property Details

Price:
$5,750,000
MLS #:
24457063
Status:
Active
Baths:
0
Address:
2301 S Cloverdale Avenue
Type:
Residential Income
Subtype:
Condominium
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Oct 25, 2024
State:
CA
ZIP:
90016
Lot Size:
10,083 sqft / 0.23 acres (approx)
Year Built:
2019

Schools

Interior

Accessibility Features
2+ Access Exits
Appliances
Microwave, Refrigerator
Cooling
Central Air
Flooring
Laminate, Wood
Heating
Central

Exterior

Garage Spaces
16.00
Parking Features
Community Structure, Covered
Parking Spots
16.00
Pool Features
None
Security Features
Gated Community
Spa Features
None
View
City Lights

Financial

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Similar Listings Nearby

2301 S Cloverdale Avenue
Los Angeles, CA
2301 S Cloverdale Avenue
Los Angeles, CA, 90016
$7,750
6 Beds
6 Baths
4,000 SqFt
0.23 Acres
Add
Add
$7,750
2301 S Cloverdale Avenue
Los Angeles, CA, 90016
MLS #SB24006478 img 0MLS #SB24006478 img 1MLS #SB24006478 img 2MLS #SB24006478 img 3MLS #SB24006478 img 4MLS #SB24006478 img 5MLS #SB24006478 img 6MLS #SB24006478 img 7MLS #SB24006478 img 8MLS #SB24006478 img 9MLS #SB24006478 img 10MLS #SB24006478 img 11MLS #SB24006478 img 12MLS #SB24006478 img 13MLS #SB24006478 img 14MLS #SB24006478 img 15MLS #SB24006478 img 16MLS #SB24006478 img 17MLS #SB24006478 img 18MLS #SB24006478 img 19MLS #SB24006478 img 20MLS #SB24006478 img 21MLS #SB24006478 img 22MLS #SB24006478 img 23MLS #SB24006478 img 24MLS #SB24006478 img 25MLS #SB24006478 img 26MLS #SB24006478 img 27MLS #SB24006478 img 28MLS #SB24006478 img 29MLS #SB24006478 img 30MLS #SB24006478 img 31MLS #SB24006478 img 32MLS #SB24006478 img 33

Property Description


MAJOR 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!

Property Details

Price:
$7,750
MLS #:
SB24006478
Status:
Active
Beds:
6
Baths:
6
Address:
2301 S Cloverdale Avenue
Type:
Rental
Subtype:
Condominium
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jan 11, 2024
State:
CA
Finished Sq Ft:
4,000
ZIP:
90016
Lot Size:
10,083 sqft / 0.23 acres (approx)
Year Built:
2019

Schools

Interior

Accessibility Features
2+ Access Exits
Appliances
Microwave, Refrigerator
Cooling
Central Air
Flooring
Laminate, Wood
Heating
Central

Exterior

Garage Spaces
16.00
Parking Features
Community Structure, Covered
Parking Spots
16.00
Pool Features
None
Security Features
Gated Community
Spa Features
None
View
City Lights

Financial

Need more info?

If you have any questions about this property, we at the Mohr Group would be happy to answer them. Click the button below and send us a message.

Ask a Question

Ready to go see it?
Schedule a Showing

Mortgage Calculator

 

Similar Listings Nearby

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