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Price Reduced Listing
$1,577,500
 $8,468 est/mo Sourced by Back At You

664 S Cloverdale Avenue,Los Angeles, CA 90036

Los Angeles, CA 90036

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Description

664 S Cloverdale Avenue is a rare, family-owned multifamily asset located in the heart of Los Angeles' highly desirable Miracle Mile submarket. The property is zoned LAC2, which may allow up to 16 units by right, with the potential for additional units through applicable density bonus incentives (buyer to verify), offering future development upside and increased density potential. Positioned moments from The Grove, Original Farmers Market, LACMA, Petersen Automotive Museum, Academy Museum, Trader Joe's, Whole Foods, and the newly opened Metro D Line extension, the property offers tenants immediate access to one of the city's strongest lifestyle, cultural, and transit-oriented corridors. The property features a classic Los Angeles courtyard-style configuration with four spacious two-bedroom units, abundant natural light, functional layouts, and desirable architectural character. Long-term ownership and consistent care provide a stable foundation for a new investor to preserve the asset's existing income while pursuing future value-add opportunities. Building systems, including plumbing, electrical, and roof, are in good condition with ongoing maintenance, supporting a well-preserved physical profile and reducing near-term capital exposure. Supported by strong tenant demand, limited rental supply, walkable amenities, and expanding Metro connectivity to Beverly Hills, Century City, and Downtown Los Angeles, 664 S Cloverdale Avenue presents a well-located multifamily opportunity for investors seeking durable cash flow, rental upside, and long-term appreciationin one of Los Angeles' most resilient rental submarkets.

Details

MLS #26834843
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1928
Days On Site161
Listing Provided ByEquity Union | Eliyahu Appel

Features

Bed(s)8
Bath(s)4
SQ Feet5,536
Garage3
Story(s)2
Units4
Building(s)1
ZoningLAC2
Acreage0.15

Interior

CoolingNone
HeatingNone
Heating Yes / NoNo
Cooling Yes / NoNo

Parking

Attached Garage Yes / NoNo
Garage Yes / NoYes

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90036
AreaC19 Beverly Center Miracle Mile
Listing VS Median (in 90036)
Price:
$1,577,500
low | high
Med:
$789,000
99.984152139461% of Average
sqft:
5,536
low | high
Med:
1,323
100% of Average
$ / sqft:
$285
low | high
Med:
$597
59.438692469489% of Average
On site:
161
low | high
Med:
20
100% of Average
Sourced by Back At You

Market Activity 90036

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Learn More About This Property

David Snyder

David Snyder

Desert Lifestyle Properties

01165364 (760) 567-3947davepsrealtor@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90036
AreaC19 Beverly Center Miracle Mile
Listing VS Median (in 90036)
Price:
$1,577,500
low | high
Med:
$789,000
99.984152139461% of Average
sqft:
5,536
low | high
Med:
1,323
100% of Average
$ / sqft:
$285
low | high
Med:
$597
59.438692469489% of Average
On site:
161
low | high
Med:
20
100% of Average
Sourced by Back At You
Listing Updated: October 23, 2026 at 1:50:51 PM PDT