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2701 S Cloverdale Avenue

Los Angeles (City), CA 90016
  • $1,250,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • MLS #: SR23029983
Under Contract
UPDATED: 53 min ago
$1,250,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Amir Kasra of Amir Kasra Inc.dba Fortis Financial R.E. (818-225-1603)


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 3.9% 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-24T00:28:46.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/137216441
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2701 S Cloverdale Avenue Los Angeles (City), CA 90016

  • Price: $1,250,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • Updated: 53 min ago
  • MLS #: SR23029983
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1929
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
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 3.9% 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.
Exterior Features

Lot Features Corner Lot Number Of Separate Electric Meters 3 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street Lights Contingency Tenant Occupied Property. Sale Subject To Leases in Place. Sold As is. Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 47760 Gross Scheduled Income 47758 Insurance Expense 1451 Land Lease YN No Laundry Features Gas Dryer HookupInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 26693 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 21065 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 3600 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-24T00:28:46.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Amir Kasra of Amir Kasra Inc.dba Fortis Financial R.E. (818-225-1603)