5115 Clinton Street #1

Los Angeles, CA 90004

  • 10 Bed(s)
  • 0 Bath(s)
  • 5,393 Sqft
  • 6270
    Sqft(Lot)
$2,575,000

Description

Beautifully remodeled and high in-place cash flow trophy asset located in the heart of a+ larchmont and just blocks away to historic handcock park and wilshire country club! this professionally managed building has been fully restored and is being offered a true 6.01% current cap rate (based on current rents, new tax rate, and may 2024 to may 2025 actual expenses). 6 of the 7 units are eligible for 4% rent increases to take the cap rate to 6.27%! all units were gut remodeled and have brand new bathrooms, kitchens, living rooms, bedrooms, in-unit air conditioning units, in-unit washer & dryers, stainless steel appliances, flooring, retrofitted windows, quartz countertops, tile, light fixtures, moulding, and so much more! in an area that lacks parking, there is on-site, gated and reserved parking for each unit! desirable unit mix of (4) large 2 bedroom/1.5 bath two story townhomes, (1) 1 bed/1 bath & (2) large studios. in addition to brand new remodeled units, the entire electrical service (main panel, meters & subpanels) was completely replaced in 2024 and permits pulled. the roof was replaced in 2023, eq retrofit work was competed in 2023, and the plumbing is 100% copper throughout! utility expenses run low because the units are separately metered for gas & electricity, and all units are on rubs for water, sewer and trash reimbursements to help keep a healthy noi! the exterior was also fully restored with all new paint, fencing, lighting, and landscaping! being 2 blocks from paramount studios and a household income of $118,134, this building and its location will always be high-in-demand in the rental market for generations to come! for more information, contact jon rawson at (310) 869-9137 or jon@avenuerg.com

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50446811

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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

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

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

    Security Features

    • Security Gate,Gated Community

    Pool Features

    • None

  • 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: 2,575,000
    • Listing Contract Date: 2025-07-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5522006009

  • Garage and Parking

    • Garage Description: Attached Carport,Assigned,Covered,Carport
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas,Trash Collection,Water

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C18 - Hancock Park-Wilshire
    • Postal Code Plus 4: 1641
    • Directions: South of Melrose, East of Van Ness, West of Western, North of Beverly Blvd
    • 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
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/27/2025 @ 02:36

  • MLS: 25566729
  • 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.