1423 Cloverfield Blvd, Santa Monica, CA 90404

1423 Cloverfield Blvd, Santa Monica, CA 90404

Santa Monica, CA
$1,690,000

Property Description

1423 Cloverfield Ave, a majorly renovated triplex located in the Mid City neighborhood in prime Santa Monica. This turnkey triplex features three large 1-bed / 1-bath units, including a downstairs 1-bed unit that opens up to a serene and private backyard. The dining area of the downstairs unit can also be easily converted into a temporary 2nd bedroom. All of the units have newer stainless-steel appliances, washer/dryer and air conditioning. The units are also all individually metered for all utilities, including gas, water & electric. There are (2) single-car garages plus a gated parking spot behind the building. There is also strong potential to convert the garages into an attached ~300 SF ADU (Buyer to verify with City of Santa Monica). The property is in close proximity to Schader Park, the Santa Monica Water Garden Park, Bay Club Gym, the LA Metro (26th/Bergamot Station), Ralphs and Whole Foods Market, restaurants, coffee shops, CVS, and more. Photos of the downstairs unit and one upstairs unit are provided.

Property Features

  • Sale Price: $1,690,000
  • Area Size: 2,459 Sq Ft
  • Year Built: 1948
  • Units: 3
  • Current GRM: 19.96
  • Current Cap Rate: 3.18%
  • Market GRM: 19.32
  • Market Cap Rate: 3.34%

Lyon Stahl Investment Real Estate

Keep In Touch