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Steven Sutton

stevesuttonrealty@gmail.com +1(541) 852-5679

$ 4,650,000

Est. payment | -/mo

10,084 Sqft Lot

Save Virtual Tour

$ 4,650,000

Est. payment | -/mo

Save Virtual Tour

10,084 Sqft Lot

Open House

Tue Oct 06, 11:00am - 2:00pm

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26206133

HOA Y/N No

Year Built 2019

Lot Size 10,084 Sqft

Property Sub-Type Apartment

Property Description

Roomers West Adams is a Rare opportunity for an investor, owner-user, or specialized housing operator to acquire a newer-construction asset in Mid-City/West Adams. Constructed in 2019 and offered AS IS, this contemporary property consists of 5 modern vertical townhomes, each offering approximately 6 bedrooms and 6.5 bathrooms across three levels. The thoughtfully designed interiors combine modern architecture with functional layouts, hardwood flooring, designer bathrooms, generous closet space, and spacious private suites. Building amenities include a secure gated entrance, community courtyard, and 16 gated parking spaces. At full occupancy, projected gross income is approximately $525,000 annually, representing a pro forma GRM of approximately 8.86 and a 8.92% cap rate. Beyond traditional rental housing, the property's configuration and scale may be particularly compelling to buyers evaluating student/group housing, university-area lodging, specialized co-living, SRO-style housing, transitional or supportive housing, nonprofit housing programs, recovery-oriented residential models, or other innovative shared-housing concepts, subject to zoning, permitted use, occupancy requirements, licensing, and all applicable governmental approvals. With its newer construction, multi-bedroom townhouse configuration, substantial parking, and flexible potential for conventional or specialized housing strategies, this property offers a distinctive opportunity for an investor seeking scale and operational flexibility in Mid City Los Angeles. Prime location central to transportation 10, 405, 110 freeways and Metro Line. Contact listing agent for more details and schedule tours.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Fireplace No

Laundry Common Area, Inside

Exterior

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Street Lights

Total Parking Spaces 16

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5063008066

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Standard

Virtual Tour https://tour.steelandzane.com/2301_cloverdale_ave-7663

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Listed by Matthew Oksas Irongate Real Estate 310-951-4381, DRE #01437004

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2301 S Cloverdale Los Angeles, CA 90016