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$699,000
2421 S Cloverdale Avenue, Los Angeles, California 90016
6Beds
4Baths
1,916Sqft
5,041Lot
Year Built
1922
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$365
HOA
-
Days on market
-
Sold On
-
MLS number
BB25219230
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(7th), sqft - 1916(77th), beds - 6(94th), baths - 4(87th).

Discover a rare two-on-a-lot property in the heart of Los Angeles’ vibrant Mid-City neighborhood. This offering includes a 3-bedroom, 2-bath front home along with a separate 3-bedroom, 2-bath unit at the rear of the lot, providing versatile living and income possibilities. The property is offered AS-IS, creating a solid opportunity for buyers who see the potential in updating and enhancing two residences on one parcel. Priced below nearby sales, it’s an accessible entry point into a sought-after neighborhood where values continue to rise. Mid-City is known for its central location and strong demand, with easy access to Culver City, Downtown Los Angeles, Beverly Hills, and the Westside. Local cafés, shopping, and cultural attractions are just minutes away, along with nearby Metro connections that make commuting across the city simple and convenient. This is not a turnkey home but a chance to invest in a property with clear long-term upside. Whether for portfolio expansion, future rental income, or a creative renovation project, 2124 Cloverdale Avenue offers flexibility, location, and the promise of growth in one of Los Angeles’ most dynamic communities. Offered below market and sold AS-IS.

Price History

Date
Event
Price
09/17/25
Listing
$699,000
Condition Rating
Poor

The property was built in 1922, making it over 100 years old. While some cosmetic updates are visible (fresh paint, laminate flooring, newer white kitchen cabinets and sink), the listing explicitly states it is 'offered AS-IS' and 'not a turnkey home,' indicating a need for substantial work. The kitchen lacks visible appliances, suggesting a major functional deficiency. Heating is provided by an outdated wall-mounted gas heater, and there's no central AC. Given its age and the explicit need for 'updating and enhancing,' major systems (electrical, plumbing, roof, foundation) are likely at or beyond their expected lifespan and will require significant rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Dual Unit Property: Rare 'two-on-a-lot' configuration with a 3-bedroom, 2-bath front home and a separate 3-bedroom, 2-bath rear unit, providing versatile living and income possibilities.
Prime Mid-City Location: Situated in a vibrant, sought-after neighborhood known for strong demand, rising values, and easy access to Culver City, Downtown LA, Beverly Hills, and the Westside.
Attractive Price Point: Priced below nearby sales, offering an accessible entry point into a dynamic market and potential for immediate equity.
Strong Investment Potential: Offers clear long-term upside for portfolio expansion, future rental income, or a creative renovation project in a growing community.
Excellent Connectivity: Minutes away from local cafés, shopping, cultural attractions, and nearby Metro connections, simplifying commuting across the city.

Cons

Sold 'As-Is' Condition: The property is offered 'AS-IS,' indicating that buyers should anticipate potential needs for repairs, upgrades, and additional investment.
Not a Turnkey Home: Explicitly stated as 'not a turnkey home,' meaning significant renovation and enhancement efforts will be required to realize its full potential.
Age of Property: Built in 1922, the property's age suggests potential for outdated systems, infrastructure, and higher maintenance requirements compared to newer constructions.

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