38
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$4,650,000
Est. payment /mo
10,084 Sqft Lot
Coming Soon
2301 S Cloverdale Los Angeles, CA 90016
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID SB26206133
HOA Y/N No
Year Built 2019
Lot Size 10,084 Sqft
Property Sub-Type Apartment
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, 110 freeways and Metro Line. Contact listing agent for more details and schedule tours.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 16.0
Garage Description 16.0
Pool None
Community Features Street Lights
Total Parking Spaces 16
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5063008066
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
Virtual Tour https://tour.steelandzane.com/2301_cloverdale_ave-7663
Listed by Matthew Oksas Irongate Real Estate 310-951-4381, DRE #01437004
NEARBY SCHOOL & BUSINESS
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