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$2,175,000

Est. payment - /mo

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7 Beds

5 Baths

4,888 SqFt

New

1257 S Cloverdale Ave Los Angeles, CA 90019

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,888 sqft

Price per Sqft $444

MLS Listing ID 26859355

Bedrooms 7

Year Built 1938

Lot Size 6,907 Sqft

Acres 0.1586

Property Sub-Type Multi-Family

Property Description

We are pleased to present a four (4) unit apartment building located at 1257 S Cloverdale Ave in Los Angeles, California. The subject property is located in a prime Mid-City location, just south of San Vicente Blvd and west of La Brea Ave. Located in the heart of Mid-City, this rare turnkey fourplex offers an excellent unit mix of two one-bedroom units, one two-bedroom unit, and one three-bedroom unit, which will be delivered vacant, creating an ideal owner-user opportunity. The property has had major capital improvements such as a new roof, electrical, and plumbing. In addition, the property has been extensively renovated with stainless steel appliances, central HVAC, in-unit washer and dryers, hardwood flooring, quartz countertops, and modern finishes throughout. Separately metered for gas and electricity, the asset also features rear garage parking with potential for future ADU conversion. Residents benefit from immediate access to the 10 Freeway, the Metro D Line, major commercial corridors, Midtown Shopping Center, and numerous dining, retail, fitness, and entertainment destinations throughout the surrounding neighborhood. Rarely does a Mid-City asset combine turnkey condition, owner-user appeal, future development potential, and an irreplaceable central location, making this an outstanding opportunity to acquire a high-quality multifamily investment in one of Los Angeles' most desirable rental markets.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Other

Exterior

Parking Features Garage Is Detached

Building

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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