1236 S Cloverdale Ave, Los Angeles, CA 90019

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1236 S Cloverdale Ave Los Angeles, CA 90019

$2,095,000 Sold Price as of 01/31/2022

8 Beds
4 Baths
5,532 Sq.Ft.

Sold

$2,095,000 Sold Price as of 01/31/2022 Refinance Your Mortgage

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Map preview of 1236 S Cloverdale Ave, Los Angeles, CA 90019

Property Overview: 1236 S Cloverdale Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,532 living square feet and 7,061 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Calling all Owner/Users and Investors. 1236 S Cloverdale Ave is an unique buying opportunity. The property consist of four large 1400sqft two-bedroom/one-bathroom layouts with in unit washer/dryer and parking. The property has been recently upgraded with all new copper plumbing, completed in 2021. The property will be delivered with two vacancies making this an in place 4.05% cap. The upcoming and existing vacancy are in need of cosmetic renovation. New landscaping will be installed in coming days, at which time an updated exterior photo will be uploaded. Please do not disturb the tenants, property is occupied.

Listed by Adam Kanizo | BRE #02008361 | Paloma Realty Partners, Inc.

Last checked: 7 minutes ago | Last updated: March 15th, 2024 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft: 7,061
HOA Dues: $0/mo
Year built: 1955
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21110743
City: Los Angeles
County: Los Angeles
Time on Site: 935 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Electric Meters: 4
# of Gas Meters: 4

Unit Breakdown 1

# of Units: 4
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,507
Total Rent: $10,028
Pro Forma/Market Rent: $14,000

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.05%
Gross Rent Multiplier: 16.58
Gross Scheduled Income: --
Net Operating Income: $80,761
Gross Operating Income: $116,726

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1236 S Cloverdale Ave

Interior Features

Cooling Information

No Cooling
None

Laundry Information

Has Laundry
Washer Included, Dryer Included

Kitchen Information

Has Appliances

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Detached Carport

Property Information

Total # of Units: 4
Parcel Number: 5084032017
Property Condition: Repairs Cosmetic

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Assessment Information

No Assessments

Location / Neighborhood

Location Information

Directions: S Cloverdale and San Vicente.

View more facts & features

Local Los Angeles Agent

Sale History for 1236 S Cloverdale Ave

Last leased for $3,600 on January 16th, 2023

January, 2023
Jan 16, 2023

Date

Leased

CRMLS: BB22234313

$3,600

Price
Nov 2, 2022

Date

Active

CRMLS: BB22234313

$4,300

Price
Listing provided courtesy of CRMLS

We are proud to present 1236 S. Cloverdale. Ave This is an opportunity to lease two turn key, remodeled units in the heart of Mid Wilshire / Miracle Mile area of Los Angeles. Both downstairs units are available to lease. The building is a total of 5,532 sq feet. All 4 units are 2 bedrooms and boast approximately 1,400 sq ft each. The two bottom units have been completely remodeled and boast 2 bedrooms and 2.5 bathrooms each. The two bottom units feature recessed lighting throughout, brand new kitchens with quarts countertops, and gold finishes, tastefully tiled floors, updated windows throughout, refinished hardwood floors, brand new bathrooms and individual heaters in each room. Each unit has a dedicated garage space along with tandem parking. This property is minutes away from all that Mid Wilshire has to offer. Walking distance to restaurants, coffee shops and parks. Mid Wilshire is home to some of the most coveted Museums that the City has to offer, the La Brea Tar Pits, LACMA and The Peterson Automotive Museum to name a few. 1236 S. Cloverdale Ave has a HIGH Walkability factor of 87/100, a GOOD Transit Score of 60/100, and a VERY BIKEABLE Score of 82/100

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November, 2022
Nov 11, 2022

Date

Expired

CRMLS: BB22185646

$2,599,000

Price
Aug 23, 2022

Date

Active

CRMLS: BB22185646

$2,599,000

Price
Listing provided courtesy of CRMLS

MWR Commercial is proud to present 1236 S. Cloverdale. Ave This is an opportunity to purchase a turn key, well maintained 4 unit apartment building in the heart of Mid Wilshire / Miracle Mile area of Los Angeles. The building is a total of 5,532 sq feet. All 4 units are 2 bedrooms and boast approximately 1,400 sq ft each. The two top floors are 2 bedrooms and 1 bath, not remodeled. The two bottom units have been completely remodeled and boast 2 bedrooms and 2.5 bathrooms each. The two bottom units feature recessed lighting throughout, brand new kitchens with quarts countertops, and gold finishes, tastefully tiled floors, updated windows throughout, refinished hardwood floors, brand new bathrooms and individual heaters in each room. Both bottom units are being delivered VACANT providing HUGE UPSIDES in income. The two top level units have large balconies while the two bottom units feature large porches. Each unit has a dedicated garage space along with tandem parking. This property is minutes away from all that Mid Wilshire has to offer. Walking distance to restaurants, coffee shops and parks. Mid Wilshire is home to some of the most coveted Museums that the City has to offer, the La Brea Tar Pits, LACMA and The Peterson Automotive Museum to name a few. 1236 S. Cloverdale Ave has a HIGH Walkability factor of 87/100, a GOOD Transit Score of 60/100, and a VERY BIKEABLE Score of 82/100

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January, 2022
Jan 31, 2022

Date

Sold

CRMLS: 21110743

$2,095,000

Price
Dec 8, 2021

Date

Active

CRMLS: 21110743

$1,995,000

Price
October, 2021
Oct 29, 2021

Date

Sold

CRMLS: SR21136385

$1,029,000

Price
Sep 10, 2021

Date

Hold

CRMLS: SR21136385

$1,725,000

Price
Sep 10, 2021

Date

Active

CRMLS: SR21136385

$1,725,000

Price
Sep 9, 2021

Date

Hold

CRMLS: SR21136385

$1,725,000

Price
Jul 26, 2021

Date

Pending

CRMLS: SR21136385

$1,725,000

Price
Jul 7, 2021

Date

Hold

CRMLS: SR21136385

$1,725,000

Price
Jun 23, 2021

Date

Active

CRMLS: SR21136385

$1,725,000

Price
Listing provided courtesy of CRMLS

Miracle Mile fourplex with large 2+1, 1,350 square feet units. First time for sale in over 30 years. Also Trust portfolio for sale as a 6 building portfolio for $12,820,000 along with 1000 & 1006 N Croft, 5734 & 5740 Fountain and 1201 S. La Cienega Blvd. Buyer to co-operate in a 1031 exchange.

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May, 2017
May 22, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1236 S Cloverdale Ave

Assessed Value (2020): $1,591,811

Year	Land Value	Improved Value	Assessed Value
2020	$902,026	$689,785	$1,591,811

Home Value Compared to the Market

This property vs the competition

1236 S Cloverdale Ave sold on January 31, 2022 for 76.55% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $360.63 per/sqft which puts the price per square foot 52.17% lower than the current median sale per square foot for the city of Los Angeles.

About 1236 S Cloverdale Ave

Detailed summary of property

1236 S Cloverdale Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 5,532 living square feet, and sits on an approximately 7,061 square foot lot. 1236 S Cloverdale Ave was first listed on ArdentRealEstateGroup.com on December 8, 2021. The homeowner sold the property for $2,095,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 76.55% higher than the current median priced home. Local homes that are currently for sale include 4639 Lomita St, 924 S Orange Grove Ave and 1525 S Orange Grove Ave. While the average home in Los Angeles, CA is selling in 99 days, 1236 S Cloverdale Ave has a days on market of 34 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1236 S Cloverdale Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1236 S Cloverdale Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1955
Sq. Ft.: 5,532
Lot Size: 7,068
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 510
APN: 5084-032-017

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,399,000

Median List Price/Sq.Ft.

$690

Median Sold Price

$1,935,500

Median Sold Price/Sq.Ft.

$855

Total Inventory

Median Sale to List Price %

102.14%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.