626 S Cloverdale Ave - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$2,295,000 USD
323-842-0445
626 S Cloverdale Ave, Los Angeles, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/22
null | 5.5% Cap Rate

626 S Cloverdale Ave
Los Angeles, CA 90036
Miracle Mile


OVERVIEW

$200,000 Price Reduction!!! JRM Properties is pleased to present 626 S Cloverdale Avenue, a two story 1929 built Art Deco apartment building centrally located in the Miracle Mile neighborhood. Situated on a 7802 sq ft lot, property offers (8) spacious 1 Bedroom 1 Bedroom. All Units have original charm, original hardwood Flooring, sconces, Spanish tile in bathroom. The Property is in close proximity to Beverly Hills, Parks, outdoor shopping, Wilshire night life, dining venues, and near the new Metro station on Wilshire. Potential to build more units in back with SB 1211. Delivered with 2 vacancies. Laundry room offers additional income. Tremendous Pride of Ownership from current Ownership. Great Opportunity to purchase an apartment building in a great location and with Upside. Please call listing agent with any questions. Please do not walk property without listing agent. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

8

PRICE/UNIT

$286,875

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,840 SF

ZONING

R4

APN/PARCEL ID

5508-008-018

ASK ABOUT THIS PROPERTY

Josh TomaszewskiJRM PropertiesMore Info
323-842-0445

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Josh TomaszewskiJRM PropertiesMore Info
323-842-0445

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.