2301 S Cloverdale, Los Angeles, CA 90016
Local realty services provided by:ERA North Orange County Real Estate
2301 S Cloverdale,Los Angeles, CA 90016
$4,650,000
- - Beds
- - Baths
- 10,444 sq. ft.
- Multi-family
- Active
Listed by: matthew oksas, stacey perlman
Office: irongate real estate310-951-4381
MLS#:SB26206133
Source:CRMLS
Price summary
- Price:$4,650,000
- Price per sq. ft.:$445.23
About this home
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. Current lender available as acquisition loan resource for new buyer finance alternatives with no appraisal required up to 70% LTV. Close within 2-3 weeks, terms within hours. Contact listing agent for more details and schedule tours....
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Home facts
- Year built:2019
- Listing ID #:SB26206133
- Added:49 day(s) ago
- Updated:November 12, 2026 at 01:08 PM
Rooms and interior
- Living area:10,444 sq. ft.
Structure and exterior
- Year built:2019
- Building area:10,444 sq. ft.
- Lot area:0.23 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,650,000
- Price per sq. ft.:$445.23
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:16
- Garage:Yes
- Garage spaces:16
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