Listed by Kim Real Estate, Inc
$7,750,000
1441 S Cloverdale
Details
APN 5070012049
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,393
Units 19
Cap Rate 5.37%
NOI $421,871
Tenancy Multi
Price per SqFt $680
Year Built 1951
Buildings 4
Stories 2
Acreage 0.157
Investment Type Value Add
Sale Condition 1031 exchange
Multifamily | 5.37% CAP | 19 Units
Marketing description
Turnkey 15-unit asset + 4 adu value-add (19 total units) | double Parcel | one sale Rare opportunity to acquire 1441, 1443, 1445 Cloverdale Ave—a unique two-parcel, two-property portfolio being sold together in one transaction in a prime Los Angeles location. This offering features 15 remodeled units, providing immediate rental income, plus 4 additional ADU units already constructed, bringing the total potential to 19 units. The ADUs are near completion and only require electrical and gas connections to become fully operational—creating a clear path to increased cash flow and higher NOI with minimal remaining work. The existing units have been thoughtfully renovated, allowing a new owner to step into a stabilized, income-producing asset with strong tenant demand. The dual-parcel setup offers flexibility and long-term upside. Investment Highlights:15 remodeled, income-producing units, 4 ADUs near completion (utilities pending), 19 total potential units, 2 parcels | 2 properties | one sale, Strong value-add with minimal remaining work, High-demand Los Angeles rental market. Property financial analysis is presented as if the property is fully occupied, including the completion and operation of all ADU units. This property is ideal for investors seeking immediate cash flow with built-in upside. Complete the ADUs, increase rents, and maximize returns. Opportunities like this—combining scale, condition, and upside—are rare in today’s market. Financial projections are based on stabilized operations, assuming full occupancy of all units, including the completion and lease-up of ADUs. Don’t miss it.
Listing Contacts
Listed by Kim Real Estate, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$421,871.00
$35,155.92/mo
Valuation Metrics
0
DSCR
5.44%
Cap Rate
5.44%
ROI
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