Property Description
Located in the heart of Downtown Los Angeles, 853/855 Cleveland Street presents a rare investment opportunity in a high-demand urban corridor. This two-story multifamily asset is comprised of multiple rental units with gated access and exterior stairwells for upper-level entry. Situated just blocks from major transit routes, civic centers, and employment hubs, the property boasts an unbeatable central location. Aerial views showcase its proximity to the LA skyline, surrounded by dense residential and mixed-use development, underscoring its long-term upside. With direct street frontage, alley access, and flat roofline architecture, this building offers flexibility for repositioning or potential value-add upgrades. Ideal for investors seeking stable income or redevelopment potential in one of Los Angeles' fastest-growing neighborhoods.
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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$23,130
TurboHome Estimated Value
$1,371,000
$396 sqft
High Valuation
$1,439,550
$416/sqft
Normal Valuation
$1,371,000
$396/sqft
Low Valuation
$1,302,450
$376/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $396/sqft | $1,371,000 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
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No comparable properties found in this area.
Nearby Listings
5 similar properties within 5 miles

List Price: $1,175,000
401 Del Norte St, Los Angeles, CA 90065
4 bd 1,296 sqft
TurboHome Est. Value:
$1,317,100

List Price: $1,150,000
1703 Toberman St, Los Angeles, CA 90015
4 bd 1 ba 2,730 sqft
TurboHome Est. Value:
$1,057,600

List Price: $1,288,000
206 N Hobart Blvd, Los Angeles, CA 90004
4 bd 1 ba 1,740 sqft
TurboHome Est. Value:
$1,087,200
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