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1432 S Cloverdale Ave
For Sale $1,200,000 ($439.56 per Sq Ft)
$1,200,000 ($439.56 per Sq Ft)
- 7 Bedrooms
- 4.00 Bathrooms
- 2,730 Sq Ft
- 6,852 Sq Ft
Description
Outstanding Investment Opportunity with APPROVED PLANS FOR 2 ADUs 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 Status) A unique advantage of this property are the APPROVED PLANS TO ADD TWO ACCESSORY DWELLING UNITS (ADUs) with EACH ADU CONSISTING of 2 BEDROOM and 1.5 BATHS. 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!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,730 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1914 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5070014011 |
| MLS # | 25509917 |
| Property ID | 321345793 |
| Lot Sqft | 6,852 |
| Zoning | LARD1.5 |
| Total Units | 4 |
| Days on Market | 12 |
| Original List Price | $1,200,000 |
| Date Updated | March 14, 2025 |
| Date Created | March 06, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $3,070 | $3,100 |
| Unit #2 | 0 | 1.00 | $822 | $2,200 |
| Unit #3 | 1 | 1.00 | $885 | $2,200 |
| Unit #4 | 3 | 1.00 | $2,168 | $3,200 |
| Gross Income (Yr) | $ 80,836 |
| Operating Expenses | $ 26,000 |
| Net Income (Yr) | $ 54,836 |
| Cap Rate | 4.57% |
Listing Provided By
Deboura Emanuel an agent of Keller Williams Studio City. Lic #01367535
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