1257 S Cloverdale Ave 7BR La


Property

Website:https://www.nestseekers.com/5633004
Address:
1257 S Cloverdale Ave
LOS ANGELES, CA 90019
Ownership: For Sale
Bedrooms: 7 BR
Bathrooms: 5
Area: 6907 sq ft
Lot Size: 0.2 Acres

Financials

Price:$2,175,000

Description

We are pleased to present a four (4) unit apartment building located at 1257 S Cloverdale Ave in Los Angeles, California. The subject property is located in a prime Mid-City location, just south of San Vicente Blvd and west of La Brea Ave. Located in the heart of Mid-City, this rare turnkey fourplex offers an excellent unit mix of two one-bedroom units, one two-bedroom unit, and one three-bedroom unit, which will be delivered vacant, creating an ideal owner-user opportunity. The property has had major capital improvements such as a new roof, electrical, and plumbing. In addition, the property has been extensively renovated with stainless steel appliances, central HVAC, in-unit washer and dryers, hardwood flooring, quartz countertops, and modern finishes throughout. Separately metered for gas and electricity, the asset also features rear garage parking with potential for future ADU conversion. Residents benefit from immediate access to the 10 Freeway, the Metro D Line, major commercial corridors, Midtown Shopping Center, and numerous dining, retail, fitness, and entertainment destinations throughout the surrounding neighborhood. Rarely does a Mid-City asset combine turnkey condition, owner-user appeal, future development potential, and an irreplaceable central location, making this an outstanding opportunity to acquire a high-quality multifamily investment in one of Los Angeles' most desirable rental markets.

Contact

271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Marcus & Millichap

1257 S Cloverdale Ave LOS ANGELES CA 90019 USA