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$2,650,000

Beds
10
sq ft
6,102

1201 S Cloverdale Ave, Los Angeles, CA 90019

1201 S Cloverdale Ave

Los Angeles, CA 90019

  • 8 days on market
The property consists of five units, built in 1940, on an 8,135 square foot lot zoned R3-1HPOZ, with two separate structures totaling 6,102 square feet. Frontage is on Cloverdale Ave and 12th Street, and the property is one block from San Vicente Blvd. The front building is a two-story walk-up layout with two large (1,400 to 1,600 +/- SF) townhome-style units with patios. One unit has four bedrooms and three bathrooms, and the other has three bedrooms and two bathrooms. The rear building has three one-bedroom, one-bathroom units over two 2-car garages and a large laundry room. The property is individually metered for gas and electricity and the landlord pays for water and sewer. ADU Potential - The building in the rear of the property on 12th Street has three units over two garages. There is potential to convert the garages to an accessory dwelling unit (ADU) buyer to verify with the city.

Details

Property type

Lot size

8,135 sq ft

Price per sq ft

$435

Year built

1940

HOA

No

Price History

06/20/2024
CLAW

CLAW #24406261

Listed
$2,650,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mufg Union Bank Na

Loan start date

June 2015

Original loan amount

$1,001,000

Est. remaining balance

Not provided

Interest rate

3.65%

Loan type

Commercial

Seller

Steven E Edelson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 06/29/2024 at 6:05 AM

Listing updated: 06/28/2024 at 5:13 AM

Listed by: Tim Steuernol, NAI Capital Commercial Inc. Phone #: (818) 905-2400

MLS: CLAW #24406261

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