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For sale
  • Price cut: $75K (6/12)
    $2,575,000

    5115 Clinton St APT 1, Los Angeles, CA 90004

    10beds
    11baths
    5,393sqft
    : 
    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
    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!
    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#: 25566729MLS Logo
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    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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