5115 Clinton Street #1

Los Angeles, CA 90004

  • 10 Bed(s)
  • 0 Bath(s)
  • 5,393 Sqft
  • 6270
    Sqft(Lot)
$2,650,000

Description

Large price adjustment! 7 unit professionally managed trophy asset located in the heart of highly desirable larchmont. just 2 blocks from paramount studios, and less than half a mile to hancock park and wilshire country club! 5.65% cap rate on current rents and t12 expenses + new tax rate and assessments! fully restored and turn-key building that will run with low maintenance/repairs and upkeep while having in-place market rate tenants on day 1. all units were fully remodeled and installed brand new bathrooms, kitchens, ac units, in-unit washer & dryers, appliances, flooring, countertops, cabinets, shower tiling, light fixtures, windows, doors & molding, paint, vanities and much more! great unit mix of: (4) large 2 bed/1.5 bath two story townhomes, (1) 1 bed/1 bath, & (2) studios. all units have reserved on-site parking in the back which is high value for a thinly parked neighborhood. the entire electrical service (main panel, meters and subpanels) was replaced in 2024 and done with permits. new roof installed in 2023, and the building has 100% copper plumbing throughout. eq retrofit completed in 2023, and all gas meters have eq shut off valves installed already. separately metered for gas & electricity, and all units are on rubs for water, sewer and trash for utility reimbursements to help keep operating costs down and noi high for great cash flow. exterior of building received all new paint, new landscaping, new fencing, new lighting, and more!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48915974

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Property Details

  • Bedroom Information

    • Total Bedrooms : 10

    Bathroom Information

    • Total Baths: 11
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Interior Features: Ceiling Fan(s)
    • Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 5,393

    Security Features

    • Security Gate

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1439
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6270

  • Listing Price Information

    • Original List Price: 2,650,000
    • Listing Contract Date: 2025-03-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5522006009

  • Garage and Parking

    • Garage Description: Assigned,Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C18 - Hancock Park-Wilshire
    • Postal Code Plus 4: 1641
    • Directions: South of Melrose Ave, North of Beverly Blvd, East of Larchmont Blvd, West of Western Ave
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C18 - Hancock Park-Wilshire

    Building and Construction

    • Property Age: 63
    • Property Condition: Updated/Remodeled
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 5393
    • Entry Location: Main Level
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/02/2025 @ 22:52

  • MLS: 25507875
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is for sale, it has 5,393 sqft, 6,270 sized lot, and 0 parking. are nearby neighborhoods.