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1201 S Cloverdale Ave
Los Angeles, CA 90019

$2,650,000 USD

Apartments For Sale • 6,102 SF

Property Details

Property Type Apartments
Total Building Size 6,102 SF
Lot Size 0.19 AC
Building Class C
Year Built 1940
Cap Rate 4.32 %
Zoning LAR3

61 Transit Score

85 Walk Score

                
                    Highlights
                
                                Walk Score of 85, Bike Score of 82. Very walkable, most errands can be accomplished on foot and very convenient for most trips on a bike.
                            
                                ADU Potential
                            
                                Incredible Mid-City submarket location in a highly desirable historic neighborhood surrounded by million-dollar homes, new development, amenities.
                            
                                Approximately 24% Upside in Rents

Property Flyers

1201 Cloverdale

Financial Summary (Actual)

Net Operating Income: $114,580 USD (2024)

Cap Rate:	4.32 %
Total Expenses:	$52,338 USD

Amenities

Balcony
Ceiling Fans
Crown Molding
Hardwood Floors

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	15 min	-	8.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	17 min	-	8.5 mi
Airport	Drive	Walk	Distance
Los Angeles International	20 min	-	9.7 mi
Bob Hope	24 min	-	12.3 mi
Long Beach (Daugherty Field)	36 min	-	26.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	TwoCarGarage
Included in Rent:	Yes

Tim Steuernol 310-406-9110 NAI Capital

1201 S Cloverdale Ave Los Angeles, CA 90019