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!
    31 days
    on Zillow
    |
    56
    |
    1
    |
    • Loading
    • Loading