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Image 1 - 9308 Clovis Ave, Los Angeles, California, 90002 - House for sale
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Home For Sale In Los Angeles, California
9308 Clovis Ave, Los Angeles, California, 90002

Home For Sale In Los Angeles, California

house for sale
Listed: 05/19/24

9308 Clovis Ave, Los Angeles, California, 90002

8 Bed:
4 Bath:
3,200 Sq Ft Living Area:
Save
Price
$ 899,000

About This House

Excellent Investment Opportunity with Steady Cash Flow! Featuring a CAP Rate of 5.18% and a GRM of13.03,this building houses two units, each with 4 bedrooms and 2 bathrooms. The upstairs and downstairs units both offer perfect-sized kitchens, a laundry area with hookups, private entrances, and ample assigned parking space. The open floor plans make these units feel exceptionally spacious. Currently, both units are occupied by long-term tenants, ensuring a stable income stream. Conveniently located just minutes from downtown Los Angeles, shopping centers, transportation, freeways, and the Metro. Don't miss out on this prime investment! Tenants are responsible for all utilities except for water, sewer, and landscaping. Please refer to the supplement section for the income statements. Additional interior photos, videos and income statements can be emailed upon request.

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Watts Housing & Living

Average sale prices for houses

3 bed
Show as List Show as Graph
In May 2024, the asking price for 3 bed houses for sale in/near Watts, Los Angeles, United States averaged $579,984, a decrease of 4.8% from the previous month.
Median price trends for properties for sale in Watts, Los Angeles, United States as of May 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.