2223 Clyde Avenue, Los Angeles, CA 90016
- $2,550,000
- List Price
- $2,550,000
- Price Change
- ▼ $90,000 1783996077
- Status
- ACTIVE
- MLS#
- PW26109831
- Year Built
- 1939
- Lot Size
- 6,339
- Acres
- 0.15
- Lot Location
- Front Yard, Landscaped, Paved, Sprinkler System
- Days on Market
- 70
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level, Two Levels
Property Description
7-UNIT MULTIFAMILY ASSET FULLY LEASED! | MID-CITY| 6% CAP RATE FULLY RENOVATED + NEW CONSTRUCTION ADUS We are pleased to present this exceptional 7-unit multifamily investment opportunity, thoughtfully repositioned with a complete renovation and the addition of two newly constructed ADU units. The property is 100% leased at market rents, offering investors immediate, stabilized cash flow at an attractive 6% cap rate. Located in the heart of Mid-City, between Picfair Village and the thriving Culver Arts District, the property benefits from proximity to major employment and lifestyle hubs including Culver City Art’s District, Ivy Station, and the Culver Steps—home to industry leaders such as Amazon Studios, Sony Pictures, HBO, and Beats Electronics. This dynamic growth corridor continues to attract high-income tenants, driving strong rental demand and consistent rent growth. The unit mix includes a fully renovated single-family style residence, four extensively upgraded 1-bedroom/1-bath units, and a brand-new duplex ADUs—creating a highly desirable blend of housing options that appeal to a wide tenant base. All units feature modern finishes, updated systems, and efficient layouts designed to maximize rental income and minimize ongoing maintenance. This is a rare opportunity to acquire a turnkey, low-maintenance asset in one of Los Angeles’ most rapidly evolving and high-demand rental submarkets. The property features drought tolerant landscaping, parking, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property.
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Additional Information
- Appliances
- 6 Burner Stove, Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Refrigerator, Range Hood, Dryer, Washer
- Pool Description
- None
- Heat
- Central, ENERGY STAR Qualified Equipment
- Cooling
- Yes
- Cooling Description
- Central Air, ENERGY STAR Qualified Equipment, Wall/Window Unit(s)
- Roof
- Asphalt
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Recessed Lighting
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $203,676
- Operating Expense
- 37857
Listing courtesy of Listing Agent: Martin Fish (Martin@streetlamppartners.com) from Listing Office: Citivest Realty Services, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.