2701 S Cloverdale AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $558
MLS Listing ID SR23029983
Year Built 1929
Lot Size 4,800 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Laundry GasDryerHookup,Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features StreetLights
Building
Lot Description CornerLot
Story Two
Sewer PublicSewer
Water Public
New Construction No
Others
Acceptable Financing Cash,CashtoNewLoan,Conventional,Item1031Exchange
Listing Terms Cash,CashtoNewLoan,Conventional,Item1031Exchange
Special Listing Condition Standard