$7,850,000
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.
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Listed by Ixbalanque Garcia with Won Suk Kim Real Estate, Inc. (562) 474-1722
Property Type
Apartment
Status
Active
MLS Number
DW26090026
Year Built
1951
Lot Size
6,852 sq ft