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$ 4,650,000
Est. payment /mo
Open Tue 11AM-2PM
2301 S Cloverdale Los Angeles, CA 90016
24 Beds
28 Baths
10,083 Sqft Lot
Open House
Tue Oct 06, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26206133
Bedrooms 24
Lot Size 10,083 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Roomers West Adams is a Rare opportunity for an investor, owner-user, or specialized housing operator to acquire a newer-construction asset in Mid-City/West Adams. Constructed in 2019 and offered AS IS, this contemporary property consists of 5 modern vertical townhomes, each offering approximately 6 bedrooms and 6.5 bathrooms across three levels. The thoughtfully designed interiors combine modern architecture with functional layouts, hardwood flooring, designer bathrooms, generous closet space, and spacious private suites. Building amenities include a secure gated entrance, community courtyard, and 16 gated parking spaces. At full occupancy, projected gross income is approximately $525,000 annually, representing a pro forma GRM of approximately 8.86 and a 8.92% cap rate. Beyond traditional rental housing, the property's configuration and scale may be particularly compelling to buyers evaluating student/group housing, university-area lodging, specialized co-living, SRO-style housing, transitional or supportive housing, nonprofit housing programs, recovery-oriented residential models, or other innovative shared-housing concepts, subject to zoning, permitted use, occupancy requirements, licensing, and all applicable governmental approvals. With its newer construction, multi-bedroom townhouse configuration, substantial parking, and flexible potential for conventional or specialized housing strategies, this property offers a distinctive opportunity for an investor seeking scale and operational flexibility in Mid City Los Angeles. Prime location central to transportation 10, 405,
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 10FWY West Exit La Brea Ave, First Left W 23RD St, First Left S Manfield Ave, Right on Bangor St and Left onto Cloverdale
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5063008066
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://tour.steelandzane.com/2301_cloverdale_ave-7663
Listed by Matthew Oksas, DRE#01437004 Irongate Real Estate
Co-listed byStacey Perlman • Irongate Real Estate
Co-listed byStacey Perlman • Irongate Real Estate
NEARBY SCHOOL & BUSINESS