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664 S Cloverdale Ave 4 Unit Apartment Building $1,995,000 ($498,750/Unit) Los Angeles, CA 90036
Investment Highlights
- Central Miracle Mile Location & Walkable Lifestyle Core — steps from The Grove, The Original Farmers Market, and premier cultural institutions.
- Strong Everyday Amenities Network — Surrounded by premier daily conveniences including Trader Joe’s, Whole Foods Market, boutique cafés, etc.
- LAC2 Zoning Development Potential — The property is zoned LAC2, which may allow up to 16 units by right, with the potential for additional units.
- Transit-Oriented Growth Corridor — Immediate access to the newly opened metro D line that provides direct connection to downtown LA and Beverly Hills
- Classic Los Angeles Multifamily Asset — Courtyard-style building offering desirable tenant features including natural light and functional layouts.
Executive Summary
664 S Cloverdale Avenue is a rare, family-owned multifamily asset located in the heart of Los Angeles’ highly desirable Miracle Mile / Mid-Wilshire submarket.
Positioned moments from The Grove, Original Farmers Market, LACMA, Petersen Automotive Museum, Academy Museum, Trader Joe’s, Whole Foods, and the newly
opened Metro D Line extension, the property offers tenants immediate access to one of the city’s strongest lifestyle, cultural, and transit-oriented corridors.
The property features a classic Los Angeles courtyard-style configuration with four spacious two-bedroom units, abundant natural light, functional layouts, and
desirable architectural character. Long-term ownership and consistent care provide a stable foundation for a new investor to preserve the asset’s existing income while
pursuing future value-add opportunities. Building systems, including plumbing,electrical, and roof, are in good condition with ongoing maintenance, supporting a
well-preserved physical profile and reducing near-term capital exposure. Supported by strong tenant demand, limited rental supply, walkable amenities, and
expanding Metro connectivity to Beverly Hills, Century City, and Downtown Los Angeles, 664 S Cloverdale Avenue presents a well-located multifamily opportunity
for investors seeking durable cash flow, rental upside, and long-term appreciation in one of Los Angeles’ most resilient rental submarkets.
Positioned moments from The Grove, Original Farmers Market, LACMA, Petersen Automotive Museum, Academy Museum, Trader Joe’s, Whole Foods, and the newly
opened Metro D Line extension, the property offers tenants immediate access to one of the city’s strongest lifestyle, cultural, and transit-oriented corridors.
The property features a classic Los Angeles courtyard-style configuration with four spacious two-bedroom units, abundant natural light, functional layouts, and
desirable architectural character. Long-term ownership and consistent care provide a stable foundation for a new investor to preserve the asset’s existing income while
pursuing future value-add opportunities. Building systems, including plumbing,electrical, and roof, are in good condition with ongoing maintenance, supporting a
well-preserved physical profile and reducing near-term capital exposure. Supported by strong tenant demand, limited rental supply, walkable amenities, and
expanding Metro connectivity to Beverly Hills, Century City, and Downtown Los Angeles, 664 S Cloverdale Avenue presents a well-located multifamily opportunity
for investors seeking durable cash flow, rental upside, and long-term appreciation in one of Los Angeles’ most resilient rental submarkets.
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $498,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,536 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Zoning | LAC2 | ||
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,536 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | LAC2 |
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Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5508-008-028 | Improvements Assessment | $53,410 |
| Land Assessment | $84,305 | Total Assessment | $137,715 |
Property Taxes
Parcel Number
5508-008-028
Land Assessment
$84,305
Improvements Assessment
$53,410
Total Assessment
$137,715
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664 S Cloverdale Ave
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