1851 S Cloverdale Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath
ACTIVE$1,299,000
1851 S Cloverdale Avenue, Los Angeles, California 90019
2Beds
1Bath
1,360Sqft
6,128Lot
Year Built
1925
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
$955
HOA
-
Days on market
-
Sold On
-
MLS number
25578171
Home ConditionTear down
Features
Deck
View-
About this home
Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.30M(40th), sqft - 1360(31th), beds - 2(20th), baths - 1(15th).
The Property is sold for lot value with RTI Plans for 3 modern architectural units. The approximate square footage for all 3 units are 6951, All units have enclosed 2 car garages and roof top decks. All units are 5Br 5.5 Ba. making a total bedroom count of 15 and bathroom count of 18. The property is Sb 8 exempt. This is a shovel ready project. An amazing location in mid city with 5 minutes to Culver City and all it has to offer.
Price History
Date
Event
Price
09/30/25
Price Change
$1,299,000-3.7%
08/13/25
Listing
$1,349,000
09/16/24
Sold
$1,075,000
Condition Rating
Tear down
The property was built in 1925, making it nearly 100 years old. The listing explicitly states it is 'sold for lot value' and includes 'RTI Plans for 3 modern architectural units,' which clearly indicates the existing structure is intended for demolition and redevelopment. The provided images are all renderings and architectural plans for the proposed new construction, not the current house, reinforcing that the current structure is considered beyond repair or significant renovation for modern use.
Pros & Cons
Pros
Shovel-Ready Development: The property comes with 'RTI Plans for 3 modern architectural units' and is described as a 'shovel ready project,' significantly reducing pre-construction time and risk for developers.
High-Density Potential: Plans include three substantial units, each with 5 bedrooms and 5.5 bathrooms, totaling 15 bedrooms and 18 bathrooms, offering significant future rental income or resale value.
SB 8 Exemption: Being 'Sb 8 exempt' provides a streamlined development process, potentially bypassing certain local regulations and accelerating project completion.
Prime Location: Located in 'mid city' with '5 minutes to Culver City,' offering excellent access to a vibrant area with amenities, entertainment, and employment opportunities, enhancing future unit desirability.
Value-Add Opportunity: Sold for 'lot value' with approved plans, this presents a clear opportunity for investors to build new, high-value residences in a desirable Los Angeles market.
Cons
Demolition Required: The property is sold for lot value, indicating the existing 1925 structure (2 beds, 1 bath) will likely require demolition, adding to initial project costs and timeline.
Significant Capital Outlay: Beyond the purchase price, the project demands substantial capital investment for the construction of three large, modern units, which may limit the pool of potential buyers.
Development Project Risks: Despite being shovel-ready, all construction projects carry inherent risks such as potential cost overruns, construction delays, and market fluctuations affecting future sales or rental income.