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$1,350,000   Price Analysis
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1432 S Cloverdale Ave
Los Angeles, CA 90019
7 bed 4 bath 2,730 SqFt ($494/SqFt)
6,852SqFt lot. Built 1914
Listed 2024-01-23, Taxes $11,679
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Outstanding Investment Opportunity in Prime Mid City Location!

Discover the potential of this exceptional fourplex located in the heart of Mid City. Boasting a highly sought-after location, this property is strategically positioned with easy access to major freeways, making it convenient for residents to commute and access nearby amenities. Key Highlights: Prime Location: With quick and convenient access to major freeways, commuting is a breeze for residents. Upside Potential: Unlock the untapped potential of this property with the opportunity for increased ren tal income and value appreciation.

Whether through strategic renovations or improved property management, there can be significant upside. Approved Plans for 2 ADUs: (Buyer to verify the status) A unique advantage of this property is the approved plans to add two Accessory Dwelling Units (ADUs). Take advantage of this rare opportunity to expand the property's potentil and increase rental income. Whether you're a seasoned investor or entering the real estate market, the upside and approved plans for expansion make this an attractive opportunity. Seize the opportunity to acquire a property with a exceptional Mid City location, upside potential and approved plans for additional units. Don't miss out on the potential this property has to offer!


Presented by Deboura Emanuel at
Keller Williams Realty-Studio City.


Property MLS #24-350787 from TheMLSCLAW

Bedrooms: 7

Total Bathrooms: 4
Full Bathrooms: 4

Lot Size Acres: 0.1573003
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6852

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 3850, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2750, 3 BedsTotal: 3, 3 BathsTotal: 1, 3 SquareFeet: 3000

Source Listing Status: Active
County: Los Angeles
Directions: South of Pico West of La Brea
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5070-014-011
Postal Code Plus 4: 4003
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$239,250 + $715,500
$954,750
$11,679
2021$107,629 + $216,616
$324,245
$4,338
2020$106,526 + $214,395
$320,921
$4,376
2019$104,438 + $210,192
$314,630
$4,219
2018$102,391 + $206,071
$308,462
$4,076
2017$100,384 + $202,031
$302,415
$3,995
2016$98,416 + $198,070
$296,486
$4,189
2015$96,938 + $195,095
$292,033
$4,136
2014$95,040 + $191,274
$286,314
$4,177
2013$94,611 + $190,410
$285,021
$4,161
2012$92,756 + $186,677
$279,433
$4,211
2010$90,938 + $183,017
$273,955
$3,850
2009$90,474 + $182,082
$272,556
$3,710
2009$90,259 + $181,650
$271,909
$3,710
2008$88,700 + $178,512
$267,212
$3,563
2007$86,961 + $175,012
$261,973
$3,443

Listed 2024-01-23
$1,350,000
TheMLSCLAW
Sold 2021-06-10
$950,000
CRMLS
Sold 1990-11-20
$195,000
Public Record

Net Operating Income: 53533

Total Square Feet Living: 2730
Year Built: 1914
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 110
Year Built Source: Vendor Enhanced

Saturn Street Elementary School is a public elementary school located approximately 0.3 miles away.
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Fairfax Senior High School is a public high school located approximately 2.5 miles away.
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Emerson Community Charter School is a public middle school located approximately 4.9 miles away.
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Joannes Taylor-Tot Ext School is a private elementary school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.