2301 S Cloverdale Ave | Los Angeles, CA 90016
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- LoopNet Team
2301 S Cloverdale Ave
Los Angeles, CA 90016
Cloverdale Townhouses · Multifamily Property For Sale · 5 Units
Investment Highlights
- Constructed in 2019, not under LA city rent control
- Gated entry, outdoor community courtyard, and16 parking spaces
- Currently has a 13.31 GRM and 5.7% cap rate with one vacancy
- Five-6 bedroom/6.5 bathroom upscale townhouses
- Plans for additional 1bd/1ba ADU boosting rental income $30k/year
- Fully occupied, the pro forma gross income is $537k/year, GRM 10.71 and cap rate of 7.55%
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 10,206 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2019 |
| Building Class | C |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,206 SF |
| No. Stories | 3 |
| Year Built | 2019 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+5 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 5063-008-066 | Improvements Assessment | $3,264,000 |
| Land Assessment | $1,836,000 | Total Assessment | $5,100,000 |
PROPERTY TAXES
Parcel Number
5063-008-066
Land Assessment
$1,836,000
Improvements Assessment
$3,264,000
Total Assessment
$5,100,000
zoning
| Zoning Code | LARD2 (Multifamily) |
| LARD2 (Multifamily) |
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