1236 S Cloverdale

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Source: California Regional MLS

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B40490

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.

1236 S Cloverdale, Los Angeles, CA 90019

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