Search
1371 S Cloverdale Ave, Los Angeles, CA 90019
Image 2 for 1371 S Cloverdale Ave, Los Angeles, CA 90019
Image 3 for 1371 S Cloverdale Ave, Los Angeles, CA 90019
View Photos

1371 S Cloverdale Ave Los Angeles, CA 90019

$2,025,000 Sold Price as of 07/08/2021
  • 11 Beds
  • 8 Baths
  • 4,904 Sq.Ft.
Sold
$2,025,000 Sold Price as of 07/08/2021 Refinance Your Mortgage
Map preview of 1371 S Cloverdale Ave, Los Angeles, CA 90019

Property Overview: 1371 S Cloverdale Ave Los Angeles, CA has 11 bedrooms, 8 bathrooms, 4,904 living square feet and 7,834 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: RARE & EXCELLENT IMMEDIATE OPPORTUNITY. DELIVERED AT 5.6% CAP RATE! 5-Unit Remodeled Spanish-Mediterranean style building in Wilshire/Miracle Mile Area. 3 Units (out of 5) Delivered Vacant or Can be Rented by Close (Buyer's Choice). If fully occupied, it will be 5.6% cap rate, with future pro-forma for 7% cap rate. PRIME LOCATION & DESIRABLE NEIGHBORHOOD. Owner has already completed soft-story retrofit of garage. All 2 and 3 bedroom units. Laundry in units. RENT-READY IMMEDIATELY. New low-e windows, updated roof and copper plumbing. All units are Clean/Remodeled, except for unit 1371 (which will be delivered vacant but needs about $40k improvement budget). Very stable, easy to rent area and building. Parking provided for all units. Plus 4 storage unit single car garages. Near shops and cafes on Pico, Miracle Mile, LACMA, Culver City Art District. RARE OPPORTUNITY - CASH OFFERS AND FINANCED OFFERS OK! SEE DOCSMANAGER FOR OFFERING MEMORANDUM AND RENT ROLLS AND EXPENSE SHEET

Listed by Rachel Hsieh | BRE #01913428 | Keller Williams Realty Los Feliz
Last checked: 1 minute ago | Last updated: October 11th, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,834
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21727750
City
Los Angeles
County
Los Angeles
Time on Site
1096 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,344
  • Total Rent: $2,344
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,541
  • Total Rent: $1,541
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.59
  • Gross Scheduled Income: --
  • Net Operating Income: $119,398
  • Gross Operating Income: $153,473
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1371 S Cloverdale Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Tandem Garage, Parking Space
Property Information
  • No View
  • View: None
  • Total # of Units: 5
  • Parcel Number: 5070011017
  • Architectural Style: Mediterranean
Location / Neighborhood
Location Information
  • Directions: North of Pico Blvd, West of LaBrea. In Wilshire Highlands Subdivision
View more facts & features

Local Los Angeles Agent

Sale History for 1371 S Cloverdale Ave

Last sold for $2,025,000 on July 8th, 2021

  • October, 2022

  • Oct 11, 2022

    Date

    Expired

    CRMLS: IV22149359

    $748,888

    Price

  • Jul 11, 2022

    Date

    Active

    CRMLS: IV22149359

    $748,888

    Price

  • Listing provided courtesy of CRMLS

    PRIME LOCATION & DESIRABLE NEIGHBORHOOD. Beautifully remodeled 3 Bedroom 2 Bathroom T.I.C. condo. This home features a Primary bedroom and bathroom, with 2 additional bedrooms and 1 bathroom. The kitchen is fully upgraded with stainless steel appliances and a new island with available barstool seating. There is a living room that features an electric fireplace. Stackable washer and dryer hookups. Close to Shopping and freeways, also close to Mid-Wilshire and Miracle Mile. TENANTS IN COMMON SALE.

  • July, 2021

  • Jul 8, 2021

    Date

    Sold

    CRMLS: 21727750

    $2,025,000

    Price

  • Jun 22, 2021

    Date

    Pending

    CRMLS: 21727750

    $2,150,000

    Price

  • Jun 14, 2021

    Date

    Active Under Contract

    CRMLS: 21727750

    $2,150,000

    Price

  • May 5, 2021

    Date

    Active

    CRMLS: 21727750

    $2,150,000

    Price

  • December, 2020

  • Dec 11, 2020

    Date

    Expired

    CRMLS: 20589826

    $2,150,000

    Price

  • Oct 27, 2020

    Date

    Withdrawn

    CRMLS: 20589826

    $2,150,000

    Price

  • Jun 12, 2020

    Date

    Active

    CRMLS: 20589826

    $2,150,000

    Price

  • Listing provided courtesy of CRMLS

    PLEASE DO NOT SOLICIT OWNER TO LIST. LISTING AGREEMENT IS STILL FULLY INTACT. JUST OFF MARKET FOR HOLIDAYS. Beautiful, pride-of-ownership income property that cash flows well yet has future VALUE ADD potential too. PRIME LOCATION & DESIRABLE NEIGHBORHOOD. Owner has already COMPLETED SOFT STORY RETROFIT, copper plumbing, new low-e windows, new roof. Beautiful units in Miracle Mile pocket w/ hardwood floors & remodeled kitchens. Very stable, easy to rent building. Safe, stable portfolio property, easy to maintain. Always in demand. Stated rents are accurate. 3 units remodeled and at market rent (the other 2 units provide value-add opportunity. Original condition). Parking provided for all units. Plus 4 storage unit single car garages. 3 units have privatized outdoor spaces. E-Z access to the restaurants, shops and cafes on Pico, Picfair Village, Highly Likely, Miracle Mile, LACMA, Culver City Art District. RARE OPPORTUNITY - DON'T MISS!

  • October, 2009

  • Oct 29, 2009

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

Show More

Tax History for 1371 S Cloverdale Ave

Assessed Value (2020): $708,167
Year Land Value Improved Value Assessed Value
2020 $472,114 $236,053 $708,167

Home Value Compared to the Market

This property vs the competition

1371 S Cloverdale Ave sold on July 8, 2021 for 80.67% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $438.42 per/sqft which puts the price per square foot 41.93% lower than the current median sale per square foot for the city of Los Angeles.

About 1371 S Cloverdale Ave

Detailed summary of property

1371 S Cloverdale Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 11 bedrooms, 8 bathrooms, roughly 4,904 living square feet, and sits on an approximately 7,834 square foot lot. 1371 S Cloverdale Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,025,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 80.67% higher than the current median priced home. Local homes that are currently for sale include 1371 S Keniston Ave, 1074 S Genesee Ave and 843 S Curson Ave. While the average home in Los Angeles, CA is selling in 93 days, 1371 S Cloverdale Ave has a days on market of 41 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1371 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 1371 S Cloverdale Ave

Public county record property details
Beds
11
Baths
5
Year built
1926
Sq. Ft.
6,048
Lot Size
7,833
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
568
APN
5070-011-017

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
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1371 S Cloverdale Ave

Nearby Homes for Sale

1358 S Cochran Ave, Los Angeles, CA 90019
$1,895,000
8 Beds
8 Baths
5100 Sq.Ft.
1358 S Cochran Ave
Los Angeles, CA 90019
1366 S Burnside Ave, Los Angeles, CA 90019
$1,999,999
0 Beds
16 Baths
8400 Sq.Ft.
1366 S Burnside Ave
Los Angeles, CA 90019
1504 S Mansfield Ave, Los Angeles, CA 90019
$1,650,000
3 Beds
3 Baths
1932 Sq.Ft.
1504 S Mansfield Ave
Los Angeles, CA 90019
1831 S Redondo Blvd, Los Angeles, CA 90019
$1,950,000
24 Beds
24 Baths
3720 Sq.Ft.
1831 S Redondo Blvd
Los Angeles, CA 90019
1296 S Citrus Ave, Los Angeles, CA 90019
$1,675,000
6 Beds
6 Baths
5438 Sq.Ft.
1296 S Citrus Ave
Los Angeles, CA 90019
5134 W Washington Blvd, Los Angeles, CA 90016
$1,999,000
3 Beds
13 Baths
3526 Sq.Ft.
5134 W Washington Blvd
Los Angeles, CA 90016
1096 S Sycamore Ave, Los Angeles, CA 90019
$1,975,000
7 Beds
5 Baths
4264 Sq.Ft.
1096 S Sycamore Ave
Los Angeles, CA 90019
1612 S Sierra Bonita Ave, Los Angeles, CA 90019
$1,650,000
5 Beds
5 Baths
2506 Sq.Ft.
1612 S Sierra Bonita Ave
Los Angeles, CA 90019
4817 St Charles Pl, Los Angeles, CA 90019
$2,340,000
0 Beds
15 Baths
6520 Sq.Ft.
4817 St Charles Pl
Los Angeles, CA 90019
1012 S Sycamore Ave, Los Angeles, CA 90019
$1,790,000
6 Beds
4 Baths
3854 Sq.Ft.
1012 S Sycamore Ave
Los Angeles, CA 90019
1122 S Citrus Ave, Los Angeles, CA 90019
$1,900,000
6 Beds
6 Baths
2985 Sq.Ft.
1122 S Citrus Ave
Los Angeles, CA 90019
1365 Keniston Ave, Los Angeles, CA 90019
$1,650,000
6 Beds
4 Baths
3096 Sq.Ft.
1365 Keniston Ave
Los Angeles, CA 90019

Recently Sold Homes Near 1371 S Cloverdale Ave

1338 S Cloverdale Ave, Los Angeles, CA 90019
$1,452,500 Last Sold Price
9 Beds
5 Baths
3155 Sq.Ft.
1338 S Cloverdale Ave
Los Angeles, CA 90019
1336 S Cochran Ave, Los Angeles, CA 90019
$1,700,000 Last Sold Price
10 Beds
5 Baths
5411 Sq.Ft.
1336 S Cochran Ave
Los Angeles, CA 90019
1432 S Cloverdale Ave, Los Angeles, CA 90019
$950,000 Last Sold Price
4 Beds
4 Baths
2730 Sq.Ft.
1432 S Cloverdale Ave
Los Angeles, CA 90019
1344 S Dunsmuir Ave, Los Angeles, CA 90019
$1,900,000 Last Sold Price
36 Beds
36 Baths
6460 Sq.Ft.
1344 S Dunsmuir Ave
Los Angeles, CA 90019

Related Resources to 1371 S Cloverdale Ave

New Listings in 90019
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote