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1201 S Cloverdale Ave

5 Unit Block of Flats £2,099,675 (£419,935/Unit) 4.32% Net Initial Yield Los Angeles, CA 90019

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Investment Highlights

Walk Score of 85, Bike Score of 82. Very walkable, most errands can be accomplished on foot and very convenient for most trips on a bike.
Incredible Mid-City submarket location in a highly desirable historic neighborhood surrounded by million-dollar homes, new development, amenities.

ADU Potential
Approximately 24% Upside in Rents

Executive Summary

Incredible Mid-City submarket location in a highly desirable historic neighborhood surrounded by million-dollar homes, new development, and great amenities.
Approximately 24% Upside in Rents
Vacant 4+3 Townhome Unit Ideal for an Owner/User
Two Large Townhome Units - The Front Building has (2) Large Townhome Style Units that are estimated at 1,400 to 1,600 +/- square feet. The Back Building has (3) Large one-bedroom, one-bathroom units. Select units have large closets, built-in storage, gated patios, ceiling fans, washer/dryers, hardwood floors, remodeled kitchens and bathrooms.
Spacious R3 Zoned Corner Lot with Two Separate Structures and mature landscape.
ADU Potential - The building in the rear of the property on 12th Street has three units over two garages. There is potential to convert the garages to an accessory dwelling unit (ADU).
Gated courtyard patio space with Spanish tile.
Walk Score of 85, Bike Score of 82. Very walkable, most errands can be accomplished on foot and very convenient for most trips on a bike.

1201 Cloverdale

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£135,755	£22.25
Other Income	£589	£0.10
Vacancy Loss	£4,090	£0.67
Effective Gross Income	£132,254	£21.67
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£41,469	£6.80
Net Operating Income	£90,785	£14.88

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£135,755
Annual Per SF	£22.25

Other Income
Annual	£589
Annual Per SF	£0.10

Vacancy Loss
Annual	£4,090
Annual Per SF	£0.67

Effective Gross Income
Annual	£132,254
Annual Per SF	£21.67

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£41,469
Annual Per SF	£6.80

Net Operating Income
Annual	£90,785
Annual Per SF	£14.88

Property Facts

Price	£2,099,675	Apartment Style	Low Rise
Price Per Unit	£419,935	Building Class	C
Sale Type	Investment	Lot Size	0.19 AC
Net Initial Yield	4.32%	Building Size	6,102 SF
Gross Rent Multiplier	15.4	Average Occupancy	80%
No. Units	5	Number of Floors	2
Property Type	Residential	Year Built	1940
Property Subtype	Apartment	Parking Ratio	1.31/1,000 SF

Price	£2,099,675
Price Per Unit	£419,935
Sale Type	Investment
Net Initial Yield	4.32%
Gross Rent Multiplier	15.4
No. Units	5
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.19 AC
Building Size	6,102 SF
Average Occupancy	80%
Number of Floors	2
Year Built	1940
Parking Ratio	1.31/1,000 SF