Courtesy of: Daniel Withers 01325901 | Matthews Real Estate Investment Services
Purchase Type: Sale
MLS ID: 21-755880
Days On Market: 114
Square Footage: 7,824 Sq ft
Lot size: 0.195
Property Type: Residential Income
Property Subtype: Apartment Building
Area: Beverly Center-Miracle Mile
Swimming Pool: No
Address: 409 S Cloverdale Ave
County: Los Angeles
City: Los Angeles
Neighborhood: Beverly Center-miracle Mile
We are pleased to present 409 S Cloverdale Ave, an 8-unit Spanish style apartment building located in Miracle Mile. Built in 1931, the two-story, 7,824-sqft property is situated on an 8,461-sqft lot zoned LAR4. The beautiful building boasts (7) large one bed one bath units and (1) two bed one bath unit. The property also provides a combination of (6) covered garage and (2) uncovered parking spaces in the back. One of the lower units was recently remodeled and features high ceilings, hardwood floors, stained glass windows, crown moldings, stainless steel appliances, refrigerator, dishwasher, oven/stove top, microwave, and a remodeled bathroom with shower and separate bathtub. There are also a washer/dryer in the unit! With significant upside potential for the other units, it offers investors an opportunity to add value to a quality, income producing property in a prime LA market. 409 S Cloverdale is located in the Miracle Mile neighborhood. Miracle Mile is a vibrant community brimming with retail, restaurants and entertainment. One of its main attractions is Museum Row, a strip comprised of the Los Angeles County Museum of Art (LACMA), the La Brea Tar Pits, the Peterson Automotive Museum and others. The property is just off of 3rd Street and La Brea, and its in close proximity to Hancock Park, Beverly Hills, Koreatown, West Hollywood and DTLA.
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