2116 S Cloverdale, Los Angeles, California 90016, Los Angeles, 90016 - 4 bed, 3 bath
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Los Angeles, California 90016
This Mid-City Single Family Residence is a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,392,221 Fair Market Value by 6%. This valuation gap offers $93,221 in Instant Equity. Featuring a Mint Condition Rating, the property includes a 2023 Permitted Studio ADU and a Granite Kitchen, providing immediate rental income potential. With its central location and City Lights View, this asset balances lifestyle convenience with financial upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2116 S Cloverdale Subject | $1,299,000* List Price | 4 | 3 | 2,184 | $637 | - |
A 2331 S Cloverdale Avenue Sold | $1,375,000 | 4 | 3 | 1,867 | $736 | 0.2 mi |
B 2209 West Boulevard Sold | $1,142,000 | 4 | 3 | 1,781 | $641 | 0.9 mi |
C 2421 S Cloverdale Avenue Sold | $963,000 | 6 | 4 | 1,916 | $503 | 0.3 mi |
D 2934 Hillcrest Drive Sold | $1,350,000 | 3 | 2 | 1,764 | $765 | 1.0 mi |
E 2942 S West View Sold | $1,060,000 | 3 | 3 | 1,549 | $684 | 0.8 mi |
F 2943 Chesapeake Avenue Sold | $950,000 | 3 | 2 | 1,534 | $619 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1939, the property has undergone a comprehensive recent renovation, including a brand-new kitchen with granite countertops and a newly constructed studio ADU (2023). The interior and exterior feature fresh paint, modern recessed lighting, and high-end finishes like the professional landscaping and new composite deck, placing it in mint, move-in-ready condition.
The property features a newly built (2023) permitted studio ADU, providing an excellent opportunity for rental income, a guest suite, or multigenerational living in a high-demand market.
The main residence has been fully renovated with a brand-new kitchen, granite countertops, and fresh interior/exterior paint, offering a move-in-ready experience for the buyer.
Situated in a prime central neighborhood, the home offers exceptional accessibility to Beverly Hills, Downtown LA, and Santa Monica, making it ideal for urban professionals.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Marketed as an 'Auction Price Opportunity,' the purchasing process may involve non-traditional terms or competitive bidding structures that could complicate standard financing.
Despite modern cosmetic upgrades, the original 1939 structure may require ongoing maintenance or future updates to aging core systems typical of homes from this era.
**Auction Price Opportunity! Fully Upgraded Mid-City Home with Permitted Studio ADU** Located in the heart of Mid-City, this beautifully upgraded 3-bedroom, 2-bathroom home, complete with a permitted studio ADU, offers the perfect blend of modern comfort, privacy, and exceptional investment potential. The main residence features a brand-new kitchen with granite countertops, a stylish backsplash, fresh interior and exterior paint, and quality finishes throughout. One of the bedrooms even offers a view of the iconic Hollywood Sign. Built in 2023, the permitted studio ADU includes its own granite countertops and provides an excellent opportunity for rental income, a guest suite, or multigenerational living. Step outside to a spacious, professionally landscaped backyard featuring a tranquil koi pond, mature hedges for added privacy, and a large storage room. A gated carport and driveway provide parking for up to three vehicles. Conveniently located in a highly desirable central neighborhood, you'll enjoy easy access to major freeways, restaurants, shopping, and entertainment. Beverly Hills, West Hollywood, and Downtown Los Angeles are all approximately 15 minutes away, while Santa Monica Beach is just a 20-minute drive. Whether you're looking for your next home or a smart investment, this property offers the flexibility to live in the main house while generating rental income from the ADU. Don't miss this rare opportunity—schedule your showing today before it's gone!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,184 | 1,672 |
| Lot Size | 6,302 | 6,067 |
| Price | $1.30M | $1.37M |
| Price per sq ft | $595 | $801 |
| Built year | 1939 | 1939 |
| HOA | $0 | $348 |
| Days on market | 16 | 56 |
Jul 6, 2026
$1,299,000
Initial Listing
Jan 14, 2015
$589,000
Public Record
Sep 20, 2012
$442,000
Public Record