664 S Cloverdale Ave, Los Angeles, CA 90036
664 S Cloverdale Ave, Los Angeles, CA 90036
664 S Cloverdale Ave, Los Angeles, CA 90036
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$1,995,000
Est. payment /mo
5,536 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,536 sqft

Price per Sqft $360

MLS Listing ID 26834843

Style Mediterranean

Year Built 1928

Lot Size 6,614 Sqft

Acres 0.1518

Property Sub-Type Multi-Family

Property Description

664 S Cloverdale Avenue is a rare, family-owned multifamily asset located in the heart of Los Angeles' highly desirable Miracle Mile submarket. The property is zoned LAC2, which may allow up to 16 units by right, with the potential for additional units through applicable density bonus incentives (buyer to verify), offering future development upside and increased density potential. Positioned moments from The Grove, Original Farmers Market, LACMA, Petersen Automotive Museum, Academy Museum, Trader Joe's, Whole Foods, and the newly opened Metro D Line extension, the property offers tenants immediate access to one of the city's strongest lifestyle, cultural, and transit-oriented corridors. The property features a classic Los Angeles courtyard-style configuration with four spacious two-bedroom units, abundant natural light, functional layouts, and desirable architectural character. Long-term ownership and consistent care provide a stable foundation for a new investor to preserve the asset's existing income while pursuing future value-add opportunities. Building systems, including plumbing, electrical, and roof, are in good condition with ongoing maintenance, supporting a well-preserved physical profile and reducing near-term capital exposure. Supported by strong tenant demand, limited rental supply, walkable amenities, and expanding Metro connectivity to Beverly Hills, Century City, and Downtown Los Angeles, 664 S Cloverdale Avenue presents a well-located multifamily opportunity for investors seeking durable cash flow, rental upside, and long-term appreciationin one of Los Angeles' most resilient rental submarkets.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Garage Is Detached

Building

Architectural Style Mediterranean

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Equity Union

NEARBY SCHOOL & BUSINESS

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Kirshner Elkin Properties

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