MAJOR PRICE ADJUSTMENT! SELLER EXTREMELY MOTIVATED! BRING ALL OFFERS! This contemporary building in Mid-City Los Angeles, constructed in 2019, is non-LA rent controlled and boasts 5 upscale vertical townhouses, each designed with modern architecture that harmonizes style and functionality. Each unit features a spacious layout, including 6 bedrooms and 6.5 bathrooms, complete with elegant hardwood floors and thoughtfully designed interiors that showcase three levels of luxurious suites, each equipped with designer bathrooms and ample closet space. The entry level welcomes residents and guests with a generous living room, complemented by a guest bath and a chef's kitchen adorned with slab countertops and high-end stainless steel appliances ideal for entertaining. Additional building highlights include a secure gated entry, an inviting outdoor community courtyard, and 16 gated parking spaces. The property is pet-friendly, making it an attractive option for a diverse range of tenants. This prime location in Mid City LA offers easy access to vibrant local amenities and transportation options including the 10, 405, 110 freeways and E and K metro Line. The property currently has a solid 13.31 GRM and 5.7% cap rate despite having one vacancy. Fully occupied, the property has the potential to generate a gross income of $537k/year equating to an unheard of pro forma GRM of 10.71 and 7.55% cap rate. There are plans to add an additional 1bd/1ba ADU that could add additional income. Seller has priced this aggressively. Tours can be scheduled of the vacant unit with listing agents. Contact us soon before it goes!
This property is $4.7M more than the Median Sold Price and $89/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24457063
Listing Office:
Office Name: The Collective Realty
Office Phone: (310) 569-1335
Listing Agent: Will Tiao
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 9:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 27, 2016
Sep 27, 2016Home Sold
$790,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$31,798
$2,617,077
2020
$10,029
$1,086,214
2019
$9,943
$821,915
2018
$9,731
$805,800
2017
$9,731
$790,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Cienega Elementary School
2611 S Orange Dr
Distance between this listing and this school0.36 miles
Public District Grades KG-5
4
/10
Stella Elementary Charter Academy
2636 S Mansfield Ave
Distance between this listing and this school0.41 miles
Public Charter Grades KG-3
7
/10
Marvin Avenue Elementary
2411 S Marvin Ave
Distance between this listing and this school0.46 miles
Public District Grades KG-5
Nearby Schools
6
/10
New los Angeles Charter
1919 S Burnside Ave
Distance between this listing and this school0.29 miles
Public Charter Grades 6-8
3
/10
The City
5753 Obama Blvd
Distance between this listing and this school1.34 miles
Public Charter Grades 6-8
3
/10
Isana Nascent Academy
3417 W Jefferson Blvd
Distance between this listing and this school1.51 miles
Public Charter Grades KG-8
Nearby Schools
8
/10
Los Angeles Center for Enriched Studies
5931 W 18th St
Distance between this listing and this school1.03 miles
Public District Grades 6-12
2
/10
Dorsey High School
3537 Farmdale Ave
Distance between this listing and this school1.09 miles
Public District Grades 9-12
1
/10
View Park Continuation
4701 Obama Blvd
Distance between this listing and this school1.12 miles
The neighbors living near this home have an average income of $41,923. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2301 S Cloverdale Ave
What is the listing price of this property?
The listing price of 2301 S Cloverdale Ave property is $5,750,000.
What type of property is this?
The property 2301 S Cloverdale Ave is a house located in Los Angeles, California, 90016.
Is this property for sale now?
Active Listing: 2301 S Cloverdale Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $31,798 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 27, 2016 for $790,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2301 S Cloverdale Ave has 30 bedrooms and 35 bathrooms.
What is the square footage of this property?
The property 2301 S Cloverdale Ave is 10,444 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2301 S Cloverdale Ave is 2019.
Interested in 2301 S Cloverdale Ave? Let's connect.
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This home is located at 2301 S Cloverdale Ave in Los Angeles, CA and zip code 90016 in the Mid-City neighborhood. This 10,444 square foot home, which was built in 2019, sits on a 0.23 acre lot. Features: 30 bedrooms, 35 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $5,750,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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