1441 S Cloverdale Ave, Los Angeles, CA 90019

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1441 S Cloverdale Ave Los Angeles, CA 90019

$2,125,000 Sold Price as of 12/29/2021

13 Beds
12 Baths
5,807 Sq.Ft.

Sold

$2,125,000 Sold Price as of 12/29/2021 Refinance Your Mortgage

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Map preview of 1441 S Cloverdale Ave, Los Angeles, CA 90019

Property Overview: 1441 S Cloverdale Ave Los Angeles, CA has 13 bedrooms, 12 bathrooms, 5,807 living square feet and 6,851 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Reduced 400k! Once in a lifetime 100% Vacant 6 Units + 2ADUs in Prime Mid City priced at only 353k/door for vacantunits. Value add opportunity with a huge upside to 7.5%Cap Rate and 10.6 GRM after renovations. Excellent locationminutes from Beverly Hills, Culver City, and West Adams.Potential to create 2 detached 2-stories 1,200 SF 3 Bed 3Bath ADUs. Please see Financials & Preliminary ADU Plansin the Docs section. Price/Unit, Cap Rate, & GRM are basedon Total Price for sake of conservatism, which includesconstruction costs of ADUs. Individually metered for Gas &Electricity.

Listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.
Co-listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.

Last checked: 6 minutes ago | Last updated: April 7th, 2023 | Source CRMLS | DOM: 175

Home details

Lot Sq. Ft: 6,851
HOA Dues: $0/mo
Year built: 1951
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21696502
City: Los Angeles
County: Los Angeles
Time on Site: 1175 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,250
Total Rent: $0
Pro Forma/Market Rent: $2,250

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,250
Total Rent: $0
Pro Forma/Market Rent: $2,250

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,250
Total Rent: $0
Pro Forma/Market Rent: $2,250

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,250
Total Rent: $0
Pro Forma/Market Rent: $2,250

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,995
Total Rent: $0
Pro Forma/Market Rent: $2,995

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,250
Total Rent: $0
Pro Forma/Market Rent: $2,250

Unit Breakdown 7

# of Units: 1
# of Beds: 3
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $3,995
Total Rent: $0
Pro Forma/Market Rent: $3,995

Unit Breakdown 8

# of Units: 1
# of Beds: 3
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $3,995
Total Rent: $0
Pro Forma/Market Rent: $3,995

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 10.6
Gross Scheduled Income: --
Net Operating Income: $211,002
Gross Operating Income: $258,815

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1441 S Cloverdale Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

No Heating
None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Uncovered, Garage

Property Information

Total # of Units: 8
Parcel Number: 5070012049

Location / Neighborhood

Location Information

Directions: From Venice Boulevard, Turn North onto Cloverdale Ave. The property is located on the West Side (Right).

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Local Los Angeles Agent

Sale History for 1441 S Cloverdale Ave

Last sold for $2,125,000 on December 29th, 2021

August, 2021
Aug 24, 2021

Date

Active Under Contract

CRMLS: 21696502

$2,350,000

Price
May 17, 2021

Date

Price Change

CRMLS: 21696502

$2,350,000

Price
Mar 16, 2021

Date

Price Change

CRMLS: 21696502

$2,550,000

Price
Feb 23, 2021

Date

Active

CRMLS: 21696502

$2,750,000

Price
February, 2021
Feb 22, 2021

Date

Canceled

CRMLS: 21683828

$2,550,000

Price
Feb 11, 2021

Date

Price Change

CRMLS: 21683828

$2,550,000

Price
Jan 22, 2021

Date

Active

CRMLS: 21683828

$2,750,000

Price
Listing provided courtesy of CRMLS

Reduced 200k! Once in a lifetime 100% Vacant 6 Units + 2 ADUs in Prime Mid City priced at only 318k/door for vacant units. Value add opportunity with a huge upside to 8.3% Cap Rate and 9.6 GRM after renovations. Excellent location minutes from Beverly Hills, Culver City, and West Adams. Potential to create 2 detached 2-stories 1,200 SF 3 Bed 3 Bath ADUs. Individually metered for Gas & Electricity.

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October, 2020
Oct 21, 2020

Date

Sold

CRMLS: DW20171190

$1,050,000

Price
Aug 31, 2020

Date

Pending

CRMLS: DW20171190

$1,000,000

Price
Aug 26, 2020

Date

Hold

CRMLS: DW20171190

$1,000,000

Price
Aug 23, 2020

Date

Active

CRMLS: DW20171190

$1,000,000

Price
Aug 21, 2020

Date

Hold

CRMLS: DW20171190

$1,000,000

Price
Aug 21, 2020

Date

Active

CRMLS: DW20171190

$1,000,000

Price
Listing provided courtesy of CRMLS

Value-add investment opportunity in Mid-City. All 1 bedroom units with rents significantly below market level. Fully occupied with long term tenants. For Sale with the 9 unit building next door at 1445 S Cloverdale Ave. and a 4 unit building across the street at 1432 S Cloverdale Ave. 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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October, 2020
Oct 21, 2020

Date

Sold (Public Records)

Public Records

$1,050,000

Price
October, 1994
Oct 7, 1994

Date

Sold (Public Records)

Public Records

$254,000

Price

Tax History for 1441 S Cloverdale Ave

Assessed Value (2020): $412,397

Year	Land Value	Improved Value	Assessed Value
2020	$230,372	$182,025	$412,397

Home Value Compared to the Market

This property vs the competition

1441 S Cloverdale Ave sold on December 29, 2021 for 97.48% 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 $404.68 per/sqft which puts the price per square foot 46.4% lower than the current median sale per square foot for the city of Los Angeles.

About 1441 S Cloverdale Ave

Detailed summary of property

1441 S Cloverdale Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 5,807 living square feet, and sits on an approximately 6,851 square foot lot. 1441 S Cloverdale Ave was first listed on ArdentRealEstateGroup.com on February 23, 2021. The homeowner sold the property for $2,125,000. 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 97.48% higher than the current median priced home. Local homes that are currently for sale include 4639 Lomita St, 812 Alandele Ave and 806 Alandele Ave. While the average home in Los Angeles, CA is selling in 93 days, 1441 S Cloverdale Ave has a days on market of 175 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 1441 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 1441 S Cloverdale Ave

Public county record property details

Beds: 6
Baths: 6
Year built: 1951
Sq. Ft.: 3,407
Lot Size: 6,850
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 47
APN: 5070-012-049

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

Median Sale to List Price %

95.58%

Avg Days on Market

Loan Type

Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

Is this your property?
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.