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1236 S Cloverdale, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1236 S Cloverdale, Los Angeles, California 90019 home-pic-0
ACTIVE$2,350,000$5,532/sqft
1236 S Cloverdale, Los Angeles, California 90019
0Bed
0Bath
5,532Sqft
7,069Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated on a quiet, tree-lined street in the highly desirable Miracle Mile, offering proximity to world-class museums and Beverly Hills, ensuring strong tenant demand and appreciation potential.
Top Cons:
One Unremodeled Unit: One unit remains in its original configuration (2 bed, 1 bath) and requires renovation to match the quality of the other units and maximize its rental income potential, necessitating additional investment.

Compared to the nearby listings

Price:$2.35M vs avg $1.14M (+$1,212,500)89%
Size:5,532 sqft vs avg 2,922 sqft89%
Price/sqft:$425 vs avg $44050%

More Insights

Built in 1955 (71 years old).
Condition: Despite being built in 1955, the property features three out of four units that have been extensively and recently remodeled to a very high standard. These renovated units boast brand-new kitchens with modern cabinets, quartz countertops, subway tile backsplashes, and contemporary appliances (including a striking gold farmhouse sink in one unit), along with completely renovated bathrooms featuring stylish patterned tiles, modern vanities, and updated fixtures. Hardwood flooring, recessed lighting, and fresh paint throughout these units contribute to a virtually new interior condition. While one unit remains unremodeled and the building's age suggests potential for older underlying infrastructure, the overwhelming majority of the property presents as excellent, move-in ready, and meeting current quality standards.
Year Built
1955
Close
-
List price
$2.35M
Original List price
$2.35M
Price/Sqft
$425
HOA
-
Days on market
-
Sold On
-
MLS number
BB26010971
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

Prime Miracle Mile Four-Unit Investment Located on a quiet, tree-lined street in the heart of Miracle Mile, just minutes from world-class museums and Beverly Hills, this four-unit property offers strong in-place income with additional upside in a premier Los Angeles submarket. The property features four oversized units, each approximately 1,400 sq ft, all with high ceilings and functional, spacious layouts. Three units have been fully remodeled with hardwood flooring, recessed lighting, brand-new kitchens with quartz countertops, and completely renovated bathrooms with high-end finishes. The two lower units are configured as 2 bedrooms, 2.5 bathrooms. The remodeled upper unit features a 2 bedroom, 2 bathroom layout with central air conditioning and a private balcony, while the remaining non-remodeled unit offers a 2 bedroom, 1 bathroom configuration, presenting clear value-add potential. Three units are currently rented, providing immediate cash flow, with one unit delivered vacant, ideal for owner-user occupancy or lease-up at market rents. The building totals 5,532 sq ft on a 7,068 sq ft lot and includes two side-by-side two-car garages, offering four enclosed parking spaces. A turnkey Miracle Mile asset with premium finishes, favorable unit mix, parking, and upside—well-positioned for investors seeking long-term stability and appreciation.

H
Harry Timuryan
Listing Agent

Price History

Date
Event
Price
01/31/22
Sold
$2,095,000
10/29/21
Sold
$1,025,000
Condition Rating
Excellent
Despite being built in 1955, the property features three out of four units that have been extensively and recently remodeled to a very high standard. These renovated units boast brand-new kitchens with modern cabinets, quartz countertops, subway tile backsplashes, and contemporary appliances (including a striking gold farmhouse sink in one unit), along with completely renovated bathrooms featuring stylish patterned tiles, modern vanities, and updated fixtures. Hardwood flooring, recessed lighting, and fresh paint throughout these units contribute to a virtually new interior condition. While one unit remains unremodeled and the building's age suggests potential for older underlying infrastructure, the overwhelming majority of the property presents as excellent, move-in ready, and meeting current quality standards.
Pros & Cons

Pros

Prime Location: Situated on a quiet, tree-lined street in the highly desirable Miracle Mile, offering proximity to world-class museums and Beverly Hills, ensuring strong tenant demand and appreciation potential.
Strong Income & Value-Add Potential: The property is a four-unit investment with three units currently rented, providing immediate cash flow. The vacant unit and one unremodeled unit offer clear upside for increased rental income or owner-user occupancy.
Extensively Remodeled Units: Three of the four oversized units have been fully remodeled with high-end finishes, including hardwood flooring, recessed lighting, brand-new kitchens with quartz countertops, and renovated bathrooms, reducing immediate capital expenditure for most units.
Spacious Units & Favorable Layouts: Each unit is approximately 1,400 sq ft with high ceilings and functional, spacious layouts, appealing to a wide range of tenants seeking comfortable living spaces.
Ample Enclosed Parking: The property includes two side-by-side two-car garages, providing four enclosed parking spaces, a significant advantage in a dense urban area like Los Angeles.

Cons

One Unremodeled Unit: One unit remains in its original configuration (2 bed, 1 bath) and requires renovation to match the quality of the other units and maximize its rental income potential, necessitating additional investment.
Building Age: Built in 1955, the property's age suggests potential for older underlying infrastructure (e.g., plumbing, electrical systems, roof) that may require future maintenance or upgrades, despite recent unit remodels.
Limited Central Air Conditioning: Only one upper unit is specified to have central air conditioning, which could be a drawback for tenant comfort and marketability in Los Angeles' climate for the other three units.
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