1371-73 S. Cloverdale Avenue
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DOWNLOAD: CLOVERDALE OFFERING MEMORANDUM
DOWNLOAD: RENT ROLL/EXPENSE SHEET
Excellent Opportunity. 5-Units at Strong Current 5.6% Cap in Wilshire Vista. (FUTURE PRO-FORMA 7 CAP).
RARE & EXCELLENT IMMEDIATE OPPORTUNITY. 5-Unit Remodeled Spanish-Mediterranean style building in Wilshire/Miracle Mile Area. 3 Units (out of 5) Delivered Vacant or Can be Rented by Close (Buyer's Choice). If fully occupied, it will be 5.6% cap rate, with future pro-forma for 7% cap rate. PRIME LOCATION & DESIRABLE NEIGHBORHOOD.
Owner has already completed soft-story retrofit of garage. All 2 and 3 bedroom units. Laundry in units. RENT-READY IMMEDIATELY. New low-e windows, updated roof and copper plumbing. All units are Beautiful and Remodeled, except for unit 1371 (which will be delivered vacant but needs about $40k improvement budget). Very stable, easy to rent area and building. Parking provided for all units. Plus 4 storage unit single car garages. Near shops and cafes on Pico, Miracle Mile, LACMA, Culver City Art District. RARE OPPORTUNITY - CASH OFFERS RECOMMENDED IF PURCHASING VACANT.
Helping Angelenos net more on their sale in less time, while providing the most smooth, stress-free transaction.
Find a home with the Jerry & Rachel Hsieh Real Estate Team.