Property listed by JRM Properties, Joshua Tomaszewski 323-951-9778
$2,495,000
JRM Properties is pleased to present 626 S Cloverdale Avenue, a two story 1929 built Art Deco apartment building centrally located in the Miracle Mile neighborhood. Situated on a 7802 sq ft lot, property offers (8) spacious 1 Bedroom 1 Bedroom. All Units have original charm, original hardwood Flooring, sconces,… Read More Spanish tile in bathroom. The Property is in close proximity to Beverly Hills, Parks, outdoor shopping, Wilshire night life, dining venues, and near the new Metro station on Wilshire. Potential to build more units in back with SB 1211. Delivered with 2 vacancies. Laundry room offers additional income. Tremendous Pride of Ownership from current Ownership. Great Opportunity to purchase an apartment building in a great location and with Upside. Please call listing agent with any questions. Please do not walk property without listing agent. Please do not disturb tenants. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,682
Lot Size
0.18 Acres
Year Built
1928
MLS Number
25614179
30 Days Snapshot Of 90036
$2.41M
+10%
(avg) sold price
7
-36%
homes sold
98
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1928, Building area total: 6,682, Levels: Two, Living area: 6682, 2 stories, 2 buildings
Expenses
Electric expense: $4,000, Gardener expense: $1,250, Insurance expense: $6,864, Maintenance expense: $6,000, New taxes expense: $31,875, Trash expense: $4,735, Water sewer expense: $6,905, Other expense: $3,000
Floors
Wood
Heating
WallFurnace
Income
Gross income: $195,840, Net operating income: $129,857
Laundry
CommonArea
Lot
0.1792 acres, 7,804 square feet, Size: 7,804
Parking
8 totals parking, Uncovered
Pool
None
Property
Zoning: LAR4, CityLights
Roof
Composition
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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