Excellent Investment Opportunity with Steady Cash Flow! Now with the new price you will get a CAP Rate of 8.03% and a GRM of 12.45, 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.
Sold for $850,000
Listed by: Ashby & Graff • Sepide Ashiq • Contact: 949-899-2731
Bought with: Bestway Realty
Tax assessed value
$850,000
9308 Clovis Ave, Los Angeles, CA 90002
8beds
4baths
3,200sqft
Duplex
Built in 2006
-- sqft lot
$925,500 Zestimate®
$266/sqft
$3,906 Estimated rent
Home value
$925,500
$861,000 - $1.00M
$3,906/mo
Zestimate® history
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$5,462/mo
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Zillow last checked:
Listing updated:
Listed by:
Sepide Ashiq DRE #01955300 949-899-2732,
Ashby & Graff
Bought with:
Chris Lim, DRE #01412845
Bestway Realty
Source: CRMLS,MLS#: OC24093994
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Open Floorplan
- Flooring: Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 4,315 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 6049031033
- Zoning: LARD2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $266/sqft
- Tax assessed value: $850,000
- Annual tax amount: $10,820
- Date on market: 5/16/2024
- Cumulative days on market: 43 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Total actual rent: 5750
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2024 | Sold | $850,000-1%$266/sqft |
Source:  CRMLS #OC24093994 Report a problem | ||
| 8/1/2024 | Pending sale | $859,000$268/sqft |
Source: CRMLS #OC24093994 Report a problem | ||
| 6/28/2024 | Contingent | $859,000$268/sqft |
Source: CRMLS #OC24093994 Report a problem | ||
| 6/21/2024 | Price change | $859,000-4.4%$268/sqft |
Source: CRMLS #OC24093994 Report a problem | ||
| 5/16/2024 | Listed for sale | $899,000+45%$281/sqft |
Source: CRMLS #OC24093994 Report a problem | ||
| 6/14/2017 | Sold | $620,000+3.3%$194/sqft |
Source: Public Record Report a problem | ||
| 5/12/2017 | Pending sale | $600,000$188/sqft |
Source: RE/MAX 2000 #CV17043175 Report a problem | ||
| 5/9/2017 | Listed for sale | $600,000+114.3%$188/sqft |
Source: RE/MAX 2000 #CV17043175 Report a problem | ||
| 8/25/2016 | Listing removed | $2,250+12.5%$1/sqft |
Source: Wen Win Realty, Inc. Report a problem | ||
| 1/20/2015 | Listing removed | $2,000$1/sqft |
Source: Go Section8 Report a problem | ||
| 12/17/2014 | Price change | $2,000+2.6%$1/sqft |
Source: Go Section8 Report a problem | ||
| 12/2/2014 | Listed for rent | $1,950$1/sqft |
Source: Go Section8 Report a problem | ||
| 4/6/2012 | Sold | $280,000+0%$88/sqft |
Source: Public Record Report a problem | ||
| 1/26/2012 | Price change | $279,900-6.7%$87/sqft |
Source: Podley Properties #A11161006 Report a problem | ||
| 12/17/2011 | Listed for sale | $299,900+37.7%$94/sqft |
Source: Podley Properties #A11161006 Report a problem | ||
| 12/2/2010 | Sold | $217,800-31.9%$68/sqft |
Source: Public Record Report a problem | ||
| 7/31/2010 | Listing removed | $320,000$100/sqft |
Source: JP Realty & Associates #F1842146 Report a problem | ||
| 7/24/2010 | Listed for sale | $320,000+46.9%$100/sqft |
Source: JP Realty & Associates #F1842146 Report a problem | ||
| 6/17/2010 | Sold | $217,800-31.9%$68/sqft |
Source: Public Record Report a problem | ||
| 5/3/2010 | Listed for sale | $320,000-50.8%$100/sqft |
Source: JP Realty & Associates #F1842146 Report a problem | ||
| 7/17/2006 | Sold | $650,000+75.7%$203/sqft |
Source: Public Record Report a problem | ||
| 6/13/2005 | Sold | $370,000$116/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,820 +18.5% | $850,000 +20.5% |
| 2024 | $9,132 +1.9% | $705,449 +2% |
| 2023 | $8,960 +4.7% | $691,617 +2% |
| 2022 | $8,557 +1.4% | $678,057 +2% |
| 2021 | $8,438 -0.9% | $664,763 +1% |
| 2020 | $8,517 | $657,948 +2% |
| 2019 | $8,517 +5.3% | $645,048 +2% |
| 2018 | $8,088 | $632,400 +49% |
| 2017 | $8,088 +45% | $424,412 +2% |
| 2016 | $5,578 +2.9% | $416,091 +1.5% |
| 2015 | $5,419 +1.1% | $409,842 +2% |
| 2014 | $5,360 | $401,815 +34.8% |
| 2012 | -- | $298,026 +2% |
| 2011 | -- | $292,183 -56.7% |
| 2010 | -- | $674,656 -0.2% |
| 2009 | -- | $676,260 +2% |
| 2008 | -- | $663,000 +2% |
| 2007 | -- | $650,000 +72.2% |
| 2006 | -- | $377,400 +1437.6% |
| 2005 | -- | $24,545 +4% |
| 2004 | -- | $23,594 +1.9% |
| 2003 | -- | $23,162 +2% |
| 2002 | -- | $22,709 +4% |
| 2000 | -- | $21,830 |
Find assessor info on the county website
Neighborhood: Southeast Los Angeles
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Nearby schools
GreatSchools rating
- 7/10Ninety-Ninth Street Elementary SchoolGrades: K-6Distance: 0.4 mi
- 2/10Charles Drew Middle SchoolGrades: 7-8Distance: 0.8 mi
- 3/10Alain Leroy Locke College Prep AcademyGrades: 9-12Distance: 1.2 mi
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Estimated market value
$925,500
Get a cash offer in 3 minutes
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Estimated market value
$925,500
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