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9308 Clovis Ave, Los Angeles, CA 90002
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9308 Clovis Ave Los Angeles, CA 90002

$859,000
  • 8 Beds
  • 4 Baths
  • 3,200 Sq.Ft.
For Sale
$859,000 Get Pre-Qualified
Map preview of 9308 Clovis Ave, Los Angeles, CA 90002

Property Overview: 9308 Clovis Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,200 living square feet and 4,315 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: Excellent Investment Opportunity with Steady Cash Flow! Now with the new price you will get a CAP Rate of 8.03% and a GRM of 12.45, this building houses two units, each with 4 bedrooms and 2 bathrooms. The upstairs and downstairs units both offer perfect-sized kitchens, a laundry area with hookups, private entrances, and ample assigned parking space. The open floor plans make these units feel exceptionally spacious. Currently, both units are occupied by long-term tenants, ensuring a stable income stream. Conveniently located just minutes from downtown Los Angeles, shopping centers, transportation, freeways, and the Metro. Don't miss out on this prime investment! Tenants are responsible for all utilities except for water, sewer, and landscaping. Please refer to the supplement section for the income statements. Additional interior photos, videos and income statements can be emailed upon request.

Listed by Sepide Ashiq | BRE #01955300 | Ashby & Graff
Last checked: 7 minutes ago | Last updated: June 21st, 2024 | Source CRMLS | DOM: 41
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Home details

Lot Sq. Ft
4,315
HOA Dues
$0/mo
Year built
2006
Garage
--
Property Type:
Duplex
Status
Active
MLS#
OC24093994
City
Los Angeles
County
Los Angeles
Time on Site
40 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $69,000
  • Net Operating Income: $46,552
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,578
  • Licenses: $136
  • New Taxes: $11,448
  • Trash: $0
  • Gardener: $960
  • Insurance: $928
  • Professional Management: $4,606
  • Water/Sewer: $2,500

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Property Details for 9308 Clovis Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • Open Floorplan
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6049031033
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 105 W Exit Central, R Central, R Clovis
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 9308 Clovis Ave

Last sold for $620,000 on June 14th, 2017

  • May, 2024

  • May 16, 2024

    Date

    Active

    CRMLS: OC24093994

    $899,000

    Price

  • June, 2017

  • Jun 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $620,000

    Price

  • October, 2012

  • Oct 12, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 9308 Clovis Ave

Assessed Value (2020): $657,948
Year Land Value Improved Value Assessed Value
2020 $212,241 $445,707 $657,948

Home Value Compared to the Market

This property vs the competition

9308 Clovis Ave is listed 31.22% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $268.44 per/sqft which puts the price per square foot 65.5% lower than the median price per square foot for the city of Los Angeles.

About 9308 Clovis Ave

Detailed summary of property

9308 Clovis Ave is a duplex located in Los Angeles, CA 90002 and is currently for sale. This duplex offers 8 bedrooms, 4 bathrooms, roughly 3,200 living square feet, and sits on an approximately 4,315 square foot lot. 9308 Clovis Ave was first listed on ArdentRealEstateGroup.com on May 16, 2024. The homeowner is currently asking $859,000 and was originally asking $899,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 31.22% lower than the median priced home. Local competing homes currently for sale include 154 E Colden Ave, 9311 Bandera and 126 E 89th St. While the average home in Los Angeles, CA is selling in 98 days, 9308 Clovis Ave has a days on market of 41 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 9308 Clovis Ave Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 9308 Clovis Ave

Public county record property details
Beds
6
Baths
4
Year built
2006
Sq. Ft.
3,200
Lot Size
4,314
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
140
APN
6049-031-033

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,975
Median List Price/Sq.Ft.
$485
Median Sold Price
$580,000
Median Sold Price/Sq.Ft.
$462
Total Inventory
41
Median Sale to List Price %
98.81%
Avg Days on Market
48
Loan Type
Conventional (21.43%), FHA (50%), VA (0%), Cash (7.14%), Other (0%)

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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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