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2701 S Cloverdale Ave, Los Angeles, CA 90016
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2701 S Cloverdale Ave Los Angeles, CA 90016

$995,000
  • 12 Beds
  • 6 Baths
  • 2,016 Sq.Ft.
For Sale
$995,000 Get Pre-Qualified
Map preview of 2701 S Cloverdale Ave, Los Angeles, CA 90016

Property Overview: 2701 S Cloverdale Ave Los Angeles, CA has 12 bedrooms, 6 bathrooms, 2,016 living square feet and 4,801 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: HUGE REDUCTION ---WEST ADAMS TRIPLEX $ 995,000 - $ 50,000 DOWN PAYMENT MOVES YOU IN - PERFECT OWNER USER PROPERTY . CULVER CITY ADJACENT - Approx 1 Mile East of Culver City....off WEST ADAMS. NIce Up & Coming district. PRICE WAS $ 1,195,000. SELLER SEZ SELL !!!! REDUCED $ 200,000 NOW $ 995,000 ...THIS TRIPLEX can be purchased with a DOWN PAYMENT of $ 50,000. FOR AN OWNER USER . Special financing for this property. The PURCHASE INCLUDES plans and permits for a FUTURE ADU.....Drive the neighborhood WEST ADAMS. It's getting good. Whole Foods and TARGET near by. If you like what you see........Call for more information on the SUPER FINANCING., This is a Great Opportunity ....... COULD BE A REAL MONEY MAKER FOR THE RIGHT BUYER . CORNER LOT. PROPERTY IS BEING SOLD. AS IS . SUBMIT OFFERS ! Price reduced MARCH 18 - 2024. Very Motivated Seller. Go For it !

Listed by Bob Murphy | BRE #00907956 | Keller Williams Beverly Hills
Last checked: 10 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 139
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Home details

Lot Sq. Ft
4,801
HOA Dues
$0/mo
Year built
1929
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
23337874
City
Los Angeles
County
Los Angeles
Time on Site
146 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $771
  • Total Rent: $771
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $894
  • Total Rent: $894
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,476
  • Total Rent: $2,476
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 2
  • Gross Scheduled Income: --
  • Net Operating Income: $49,512
  • Gross Operating Income: $49,512
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2701 S Cloverdale Ave

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Property Details for 2701 S Cloverdale Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Gravity
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Has View
  • View: Park/Greenbelt
  • Total # of Units: 3
  • Parcel Number: 5043013015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: SOUTH OF THE 10 FREEWAY --Take Fairfax Ave to WEST ADAMS go East 12 BLOCKS to CLOVERDALE AVE..........or .........TAKE La Brea to WEST ADAMS and go 6 Blocks WEST to CLOVERDALE AVE ......GO SOUTH TO WESTHAVEN STREET .....YOU ARE THERE. White House Brown Fence on the corner. THE TRIPLEX IS WAITING FOR YOU !
View more facts & features

Local Los Angeles Agent

Sale History for 2701 S Cloverdale Ave

Last sold for $1,075,000 on May 23rd, 2022

  • December, 2023

  • Dec 5, 2023

    Date

    Active

    CRMLS: 23337874

    $1,195,000

    Price

  • November, 2023

  • Nov 24, 2023

    Date

    Expired

    CRMLS: SR23157817

    $1,195,000

    Price

  • Aug 23, 2023

    Date

    Active

    CRMLS: SR23157817

    $1,125,000

    Price

  • Listing provided courtesy of CRMLS

    Seller concession is available for buyers who are buying this property as their primary residence. Listing broker is also a mortgage broker authorized by seller to provide available Temporary Buydown programs that utilize seller concession for the program to buy down the rate. Buydown program is subject to availability, buyer qualification, and subject to change without notice. Other limitations may apply. Buydown program is only available for primary residence purchase. Triplex in hot, trendy West Adams neighborhood with significant upside potential with ADU (Accessory Dwelling Unit) completion and increasing current rents to market level. Proforma rents estimated to yield 4.1% Cap Rate without ADU completion. ADU RTI completion in process - renderings and plans available. A short distance from novel developments such as Platform, Culver Steps-Amazon Studios, Cumulus District-Whole Foods, Ivy Station-HBO Headquarters, and Helms Bakery District, among many others. Don't miss out on this investment opportunity.

  • August, 2023

  • Aug 23, 2023

    Date

    Expired

    CRMLS: SR23029983

    $1,125,000

    Price

  • Feb 23, 2023

    Date

    Active

    CRMLS: SR23029983

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex in hot, trendy West Adams neighborhood with significant upside potential with ADU (Accessory Dwelling Unit) completion and increasing current rents to market level. Proforma rents estimated to yield 4.1% Cap Rate without ADU completion. ADU RTI completion in process - renderings and plans available. A short distance from novel developments such as Platform, Culver Steps-Amazon Studios, Cumulus District-Whole Foods, Ivy Station-HBO Headquarters, and Helms Bakery District, among many others. Don't miss out on this investment opportunity.

  • May, 2022

  • May 23, 2022

    Date

    Sold

    CRMLS: 22135543

    $1,075,000

    Price

  • Mar 11, 2022

    Date

    Active

    CRMLS: 22135543

    $1,075,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex + Approved ADU conversion of garage with permits paid for. There is significant upside by completing the ADU and increasing existing below market rents. The property is located in a dense rental market. Showings with accepted offer only. Please do not approach tenants. Sellers hold an active California Brokers License. Please contact agent for projected proforma after ADU is done.

  • January, 2022

  • Jan 31, 2022

    Date

    Canceled

    CRMLS: 21793886

    $1,075,000

    Price

  • Oct 11, 2021

    Date

    Active

    CRMLS: 21793886

    $1,075,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex + approved ADU conversion of garage with permits paid for. Located in great rental market of quiet tree lined street. Investment has minimal expenses and tremendous upside in rents with a potential proforma of under 10X Gross. Please note that unit and income information provided includes approved ADU. Showing with accepted offer only, please do not approach tenants.

  • April, 2016

  • Apr 27, 2016

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 2701 S Cloverdale Ave

Assessed Value (2020): $433,818
Year Land Value Improved Value Assessed Value
2020 $303,674 $130,144 $433,818

Home Value Compared to the Market

This property vs the competition

2701 S Cloverdale Ave is listed 19.5% lower 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 $493.55 per/sqft which puts the price per square foot 36.15% lower than the median price per square foot for the city of Los Angeles.

About 2701 S Cloverdale Ave

Detailed summary of property

2701 S Cloverdale Ave is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 12 bedrooms, 6 bathrooms, roughly 2,016 living square feet, and sits on an approximately 4,801 square foot lot. 2701 S Cloverdale Ave was first listed on ArdentRealEstateGroup.com on December 7, 2023. The homeowner is currently asking $995,000 and was originally asking $1,195,000. 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 19.5% lower than the median priced home. Local competing homes currently for sale include 1936 S West View St, 4840 Mascot St and 2312 West Blvd. While the average home in Los Angeles, CA is selling in 96 days, 2701 S Cloverdale Ave has a days on market of 139 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 2701 S Cloverdale Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2701 S Cloverdale Ave

Public county record property details
Beds
4
Baths
3
Year built
1929
Sq. Ft.
2,016
Lot Size
4,801
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
76,77
APN
5043-013-015

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,150,000
Median List Price/Sq.Ft.
$748
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
74
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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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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