Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

1441 South Cloverdale Avenue . Mid City , CA 90019

100% Vacant 6 Units + 2 Potential ADUs in Prime Mid City priced at only 343k/door for vacant units. For more information contact the listing agent , ziuroiluj@gmail.com 310 666-2246 Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc.

Posted: 02/01/2021 3:04 pm | On HOMEiZ: 1173 days | Updated: 2 years ago | Views: 1368

Location Map

Property Type

Sold

Property Price

$2125000
$2125000
12/29/2021
6,850.00 Sq. Ft.
$366
5807
Contact listing agent%
7.0%
$0
$148750
11.10
1.25%
$26563

Property Location & Description

100% Vacant 6 Units + 2 Potential ADUs in Prime Mid City priced at only 343k/door for vacant units. For more information contact the listing agent , ziuroiluj@gmail.com 310 666-2246 Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc.
Rent Control
Once in a lifetime 100% Vacant 6 Units + 2 Potential ADUs in Prime Mid City priced at only 343k/door for vacant units. Value add opportunity with a huge upside to 7.6% Cap Rate and 10.3 GRM after renovations. Potential to create 2 detached 2-stories 1,200 SF 3 Bed 3 Bath ADUs. Individually metered for Gas & Electricity
Excellent location minutes from Beverly Hills, Culver City, and West Adams.
8
$265625
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1 
5 
 
$2250
2.
2+1 
1 
 
$2995
3.
3+3 
2 
 
$3995
4.
 
 
 
5.
 
 
 
5070-012-049
LARD1.5
0%
Yes
2
1951
Good
Value add opportunity with a huge upside to 7.2% Cap Rate and 10.8 GRM after renovations
Excellent location minutes from Beverly Hills, Culver City, and West Adams
Potential to create 2 detached 1,200 SF 3 Bed 3 Bath ADUs & 2 attached 400 SF 1 Bed 1 Bath ADUs
Individually metered for Gas & Electricity

Property Information

Gated entry

Sewer

Sewer System (Public)

Parking

Off-street
On-street
Assigned Parking
No Data

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

http://www.globalmajorproperties.com/author/armin/

Listing Info

Listing ID: 2583
Sold

For Sale

$2,125,000

Listing Presented by

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