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1432 S Cloverdale Ave, Los Angeles, CA 90019
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1432 S Cloverdale Ave Los Angeles, CA 90019

$1,350,000
  • 7 Beds
  • 4 Baths
  • 2,730 Sq.Ft.
For Sale
$1,350,000 Get Pre-Qualified
Map preview of 1432 S Cloverdale Ave, Los Angeles, CA 90019

Property Overview: 1432 S Cloverdale Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,730 living square feet and 6,852 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 rental 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 potential 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 great Mid City location, upside potential, and approved plans for additional units. Don't miss out on the potential this property has to offer!

Listed by Deboura Emanuel | BRE #01367535 | Keller Williams Studio City
Co-listed by Hooman Emanuel | BRE #01200237 | Keller Williams Studio City
Last checked: 14 minutes ago | Last updated: January 30th, 2024 | Source CRMLS | DOM: 78
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Home details

Lot Sq. Ft
6,852
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24350787
City
Los Angeles
County
Los Angeles
Time on Site
95 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,005
  • Total Rent: $2,005
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $789
  • Total Rent: $1,579
  • Pro Forma/Market Rent: $3,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.49
  • Gross Scheduled Income: --
  • Net Operating Income: $53,533
  • Gross Operating Income: $65,408
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1432 S Cloverdale Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 5070014011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Pico West of La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 1432 S Cloverdale Ave

Last sold for $950,000 on June 10th, 2021

  • January, 2024

  • Jan 22, 2024

    Date

    Active

    CRMLS: 24350787

    $1,350,000

    Price

  • June, 2021

  • Jun 10, 2021

    Date

    Sold

    CRMLS: DW20171219

    $950,000

    Price

  • May 11, 2021

    Date

    Active Under Contract

    CRMLS: DW20171219

    $950,000

    Price

  • Mar 26, 2021

    Date

    Active

    CRMLS: DW20171219

    $950,000

    Price

  • Mar 11, 2021

    Date

    Pending

    CRMLS: DW20171219

    $950,000

    Price

  • Sep 10, 2020

    Date

    Active

    CRMLS: DW20171219

    $950,000

    Price

  • Aug 21, 2020

    Date

    Coming Soon

    CRMLS: DW20171219

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent development potential and value-add investment opportunity in prime area Mid-City. (1)-2bd/1ba, (2) 1bd/1ba, and (1) Single/1ba. Current rents are significantly below market level provides huge upside to any new owner. Fully occupied with long term tenants. Buyer must verify the information and bears all risk for any inaccuracies. Agent/Broker make no representations or warranties, expressed or implied as to the accuracy of the information. DO NOT WALK ON THE PROPERTY. DRIVE BY ONLY. Any agents and/or buyers that that disturb the tenants will be disqualified.

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Tax History for 1432 S Cloverdale Ave

Assessed Value (2020): $320,921
Year Land Value Improved Value Assessed Value
2020 $214,395 $106,526 $320,921

Home Value Compared to the Market

This property vs the competition

1432 S Cloverdale Ave is listed 9.22% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $494.51 per/sqft which puts the price per square foot 36.03% lower than the median price per square foot for the city of Los Angeles.

About 1432 S Cloverdale Ave

Detailed summary of property

1432 S Cloverdale Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 7 bedrooms, 4 bathrooms, roughly 2,730 living square feet, and sits on an approximately 6,852 square foot lot. 1432 S Cloverdale Ave was first listed on ArdentRealEstateGroup.com on January 23, 2024. The homeowner is currently asking $1,350,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 9.22% higher than the median priced home. Local competing homes currently for sale include 1637 S Highland Ave, 1839 S La Brea Ave and 1119-1121 S Orange Dr. While the average home in Los Angeles, CA is selling in 96 days, 1432 S Cloverdale Ave has a days on market of 78 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1432 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 1432 S Cloverdale Ave

Public county record property details
Beds
4
Baths
5
Year built
1914
Sq. Ft.
2,730
Lot Size
6,850
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5070-014-011

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
$1,675,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$1,310,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
58
Median Sale to List Price %
93.57%
Avg Days on Market
38
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (23.08%), Other (15.38%)

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Recently Sold Homes Near 1432 S Cloverdale Ave

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1371 S Cloverdale Ave, Los Angeles, CA 90019
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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.

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