1357 S Cloverdale Ave - Apartments FOR SALE
Los Angeles, CA 90019 |
1357 S Cloverdale Ave
Los Angeles, CA 90019
HIGHLIGHTS
- 1357 Cloverdale Ave is a true turn-key investment opportunity to purchase a well maintained 4-unit apartment building in Mid-Wilshire
- The building totals 4,006 SF and features a unit mix of two one-bedrooms (1,100 SF) and two two-bedrooms (1,100 SF) with in-suite laundry
- Strong in-place rental income provides stable current cash flow to an investor with additional upside over 22%
- Garden level units feature a private front yard, and all tenants have access to a community garden and outdoor lounge area
- The property is being offered with minimal deferred maintenance required and all units are separately metered for gas and electricity
- Unique to this building are four dedicated garages units for each tenant with room for a total of eight tandem parking spaces
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
4006
STORIES
2
YEAR BUILT
1928
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
5070-011-014
