Skip To Content

    2414 Clyde Ave

    Los Angeles, CA 90016
    • $1,435,000
    • STATUS: Pending
    • ON SITE: 35 days
    • ID#: 21-705820
    Pending
    UPDATED: 48 min ago
    $1,435,000
    • 8
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,928
      SQFT
    • $490
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Brand new 4plex in West Adams at 2414 Clyde Avenue, 90016. Originally built in 1964, all 4 units have been completely remodeled with brand new copper plumbing, HVAC, flooring, countertops, kitchens, bathrooms, washer & dryers, appliances, cabinets, etc. The exterior underwent a full rehab as well with a new roof, new asphalt/driveway, gated entry, drought-tolerant landscaping and exterior lighting. Electrical sub-panels are also new. Currently grossing $97,908 a year in rents, Buyer will be sitting on a 5% cap rate on day 1 of ownership. Each unit is on RUBS, which means tenants pay for all utilities and the Landlord only pays for exterior and common area utilities. Per the tenants leases, next year, the rents will jump from $97,908 to $105,240 and the cap rate will go from 5% to 5.50%. The subject property is located in a 1-1.5 mile radius from the Culver City Arts District, Kaiser Permanente West LA, the new Cumulus Development Project & the La Cienega/Jefferson Metro Station.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-20T07:42:18.617. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.thepayabgroup.com/homes/115122174
    Print Image

    2414 Clyde Ave Los Angeles, CA 90016

    • Price: $1,435,000
    • Status: Pending
    • Updated: 48 min ago
    • ID#: 21-705820
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,928
    SQFT
    $490
    $/SQFT
    1964
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    Brand new 4plex in West Adams at 2414 Clyde Avenue, 90016. Originally built in 1964, all 4 units have been completely remodeled with brand new copper plumbing, HVAC, flooring, countertops, kitchens, bathrooms, washer & dryers, appliances, cabinets, etc. The exterior underwent a full rehab as well with a new roof, new asphalt/driveway, gated entry, drought-tolerant landscaping and exterior lighting. Electrical sub-panels are also new. Currently grossing $97,908 a year in rents, Buyer will be sitting on a 5% cap rate on day 1 of ownership. Each unit is on RUBS, which means tenants pay for all utilities and the Landlord only pays for exterior and common area utilities. Per the tenants leases, next year, the rents will jump from $97,908 to $105,240 and the cap rate will go from 5% to 5.50%. The subject property is located in a 1-1.5 mile radius from the Culver City Arts District, Kaiser Permanente West LA, the new Cumulus Development Project & the La Cienega/Jefferson Metro Station.
    Exterior Features

    Cross Streets Washington & Clyde Lot Size Area 4734 Other Structures None Parking Garage Assigned Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling Central Equipment None Heating Central Laundry In Unit

    Property Features

    Assessed Total Value 790000 Gross Income 97908 Gross Operating Income 94389 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 71342.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 23047 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jonathan Rawson DRE# of Dcdh Investments, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-20T07:42:18.617. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-705820-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-705820-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-705820-2.jpg
    Logo
    The Payab Group/Berkshire Hathaway HomeServices California Properties
    16810 Ventura Blvd.
    Encino CA, 91436