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2421 S Cloverdale Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 6 bed, 4 bath

2421 S Cloverdale Avenue, Los Angeles, California 90016 home-pic-0
ACTIVE$878,900
2421 S Cloverdale Avenue, Los Angeles, California 90016
6Beds
4Baths
1,916Sqft
5,041Lot
Year Built
1922
Close
-
List price
$879K
Original List price
$879K
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
BB25042560
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $878.9K(25th), sqft - 1916(77th), beds - 6(94th), baths - 4(87th).

Welcome to 2421 Cloverdale Avenue, a fantastic investment opportunity located in the heart of Los Angeles’ vibrant Mid-City neighborhood. This property features a charming 3-bedroom, 2-bathroom main house and a separate Accessory Dwelling Unit (ADU) at 2419 Cloverdale Avenue, also with 3 bedrooms and 2 bathrooms. Nestled on a spacious lot, this property is ideal for investors or anyone looking to expand their real estate portfolio. The main house offers comfortable living spaces with plenty of potential to personalize and make your own. The ADU provides additional flexibility—whether for rental income, a guest suite, or multi-generational living. The location couldn't be more convenient, with easy access to a wide variety of local shops, cafes, restaurants, and entertainment options. Whether you're heading out for a night in downtown Los Angeles or enjoying nearby parks, the property's central position makes commuting and exploring the city a breeze. This is a wonderful opportunity to own two homes on one lot in a growing and dynamic area. The potential for long-term value and rental income makes this property an exciting prospect for anyone looking to invest in the Los Angeles market.

Condition Rating
Fair
The property consists of two units with vastly different conditions. The main house, built in 1922, features a very dated kitchen with laminate countertops, older white appliances (electric coil range), and fluorescent lighting. Its bathrooms are also significantly outdated with old vanities, basic fixtures, and small square tiles. Flooring in the main house is a mix of older hardwood and carpet. While functional, the main house requires substantial modernization and renovation in its key areas. In contrast, the Accessory Dwelling Unit (ADU) appears newly built or extensively renovated, boasting a modern kitchen with shaker cabinets, quartz countertops, stainless steel appliances, and recessed lighting. Its bathrooms are equally modern with floating vanities, tiled showers, and contemporary fixtures. However, the overall property score is pulled down by the main house's condition, which, despite being maintained, is clearly outdated and requires more than minor updates to meet current standards. It is not 'Poor' as it appears structurally sound, but it's far from 'Good' due to the primary dwelling's significant need for renovation.
Pros & Cons

Pros

Dual Income Potential / Multi-Generational Living: The property features a separate 3-bedroom, 2-bathroom Accessory Dwelling Unit (ADU), offering significant flexibility for rental income or accommodating extended family, a highly sought-after feature in Los Angeles.
Prime Mid-City Los Angeles Location: Situated in a 'vibrant Mid-City neighborhood' with 'easy access to local shops, cafes, restaurants, and entertainment,' providing excellent walkability and connectivity.
Strong Investment Opportunity: Explicitly marketed as a 'fantastic investment opportunity' with 'potential for long-term value and rental income' in a 'growing and dynamic area.'
Two Homes on One Lot: The rare configuration of two distinct residential units on a single lot maximizes utility and value, appealing to a broad range of buyers.
Spacious Lot for Urban Area: A 5,041 sqft lot in a dense urban environment like Los Angeles is considered generous, offering more outdoor space than many comparable properties.

Cons

Age of Main House & Potential for Renovation: Built in 1922, the main house likely requires significant updates to plumbing, electrical, and aesthetics, as suggested by 'potential to personalize and make your own.'
Unspecified Condition of Main House: The description lacks details on recent renovations or the current condition of the main house, implying potential deferred maintenance or a need for substantial modernization.
No View: The property explicitly states 'View: None,' which could be a minor detractor for buyers seeking scenic vistas, a common premium feature in Los Angeles.

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