UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26090026
HOA Y/N No
Year Built 1951
Lot Size 6,851 Sqft
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire 1441, 1443, 1445 Cloverdale Ave—a unique two-parcel, two-property portfolio being sold together in one transaction in a prime Los Angeles location. This offering features 15 remodeled units, providing immediate rental income, plus 4 additional ADU units already constructed, bringing the total potential to 19 units. The ADUs are near completion and only require electrical and gas connections to become fully operational—creating a clear path to increased cash flow and higher NOI with minimal remaining work. The existing units have been thoughtfully renovated, allowing a new owner to step into a stabilized, income-producing asset with strong tenant demand. The dual-parcel setup offers flexibility and long-term upside. Investment Highlights:15 remodeled, income-producing units, 4 ADUs near completion (utilities pending), 19 total potential units, 2 parcels | 2 properties | one sale, Strong value-add with minimal remaining work, High-demand Los Angeles rental market. Property financial analysis is presented as if the property is fully occupied, including the completion and operation of all ADU units. This property is ideal for investors seeking immediate cash flow with built-in upside. Complete the ADUs, increase rents, and maximize returns. Opportunities like this—combining scale, condition, and upside—are rare in today's market. Financial projections are based on stabilized operations, assuming full occupancy of all units, including the completion and lease-up of ADUs. Don't miss it.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Heating Ductless
Cooling Ductless
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Curbs, Street Lights
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5070012049
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Private Financing Available
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Private Financing Available
Special Listing Condition Standard
Nearby Locations
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