Beautifully remodeled and high in-place cash flow trophy asset located in the heart of A+ Larchmont and just blocks away to Historic Hancock 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 sale
Price cut: $75K (6/12)
$2,575,000
5115 Clinton St APT 1, Los Angeles, CA 90004
10beds
11baths
5,393sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$477/sqft
$-- HOA
What's special
Brand new bathroomsAll new paintQuartz countertopsStainless steel appliancesIn-unit washer and dryersIn-unit air conditioning unitsRetrofitted windows
- 19 days
- on Zillow |
- 67 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 03:26pm
Listed by:
Rob Kellner DRE # 02201789 352-217-7429,
Avenue Realty Group 310-433-4293,
Jonathan Rawson DRE # 02010400 310-869-9137,
Avenue Realty Group
Source: CLAW,MLS#: 25566729

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 11
Bathroom
- Features: Shower Over Tub, Remodeled, Tile
Kitchen
- Features: Remodeled
Heating
- Wall
Cooling
- Wall/Window Unit(s), Ceiling Fan(s), Air Conditioning
Appliances
- Included: Dishwasher, Dryer, Freezer, Disposal, Microwave, Washer, Refrigerator, Range/Oven
- Laundry: In Unit
Features
- Ceiling Fan(s)
Interior area
- Total structure area: 5,393
- Total interior livable area: 5,393 sqft
Property
Parking
- Total spaces: 7
- Parking features: Assigned, Covered, Attached Carport, Carport
- Has carport: Yes
- Covered spaces: 7
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
Lot
- Size: 6,268.28 Square Feet
Details
- Additional structures: None
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Updated/Remodeled
- Year built: 1962
Community & HOA
Community
- Security: Gated, Automatic Gate
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $477/sqft
- Tax assessed value: $1,530,000
- Date on market: 7/17/2025
- Tenant pays: Gas, Electricity, Trash Collection, Water
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