1358 S Cloverdale Ave, Los Angeles, CA, 90019

Highlights

• * Strong location with steady demand and appreciation (26% over past 2 years).
• • Prime Los Angeles location, just 1 mile south of La Brea Tar Pits
• * Large building size with efficient unit mix. 5237 sf, four units.
• * Rents are significantly below market, offering strong upside.
• * Historic Spanish style architecture with long-term appeal.
• * High ceiling, large windows, lots of light.
• * In unit laundry hookups.
• * Separately metered.
• * Detached garages may offer ADU potential under current zoning.
• • Ideal for:
• • 1031 exchange buyers
• • Long-term investors
• • Local owner-operators

Description

Presenting an exceptional opportunity for multifamily investors. This 5,237 SF building, with four spacious units, offers significant value-add potential and is perfectly positioned in a transit zone, huge back lot and 4 garages unlocks the possibility for ADU development. Built in 1928, the property's classic Spanish architectural charm shines through. This property provides immediate income and the potential for substantial future growth. Situated in a prime Los Angeles location just 1 mile South of La Brea Tar Pits, investors can capitalize on the vibrant local market and the area's strong housing demand. Don't miss the chance to acquire this property with untapped potential in a highly desirable location. Excellent for 1031 exchange buyers, long-term investors, and local owner-operators.

Centrally located, S Cloverdale Ave, just North of Pico Blvd. 1 mile South of La Brea Tar Pits. Close to shops, restaurants, Wilshire Vista / Beverly Center–Miracle Mile, Walk Score 96.