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$2,575,000

Est. payment - /mo

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10 Beds

11 Baths

5,393 SqFt

Active

5115 Clinton St #1 Los Angeles, CA 90004

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Derek Johnson

buywithdj@gmail.com +1(310) 424-8883

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,393 sqft

Price per Sqft $477

MLS Listing ID 25566729

Bedrooms 10

Construction Status Updated/Remodeled

Year Built 1962

Lot Size 6,270 Sqft

Acres 0.1439

Property Sub-Type Multi-Family

Property Description

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!

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Kitchen Quartz Counters, Remodeled

Interior

Heating Wall

Cooling Wall/Window, Ceiling Fan, Air Conditioning

Equipment Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven

Laundry In Unit

Exterior

Parking Features Assigned, Covered Parking, Carport Attached, Carport

Garage Spaces 7.0

Pool None

Building

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Avenue Realty Group

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Derek Johnson

Agent | License ID: 02051308

+1(310) 424-8883

5115 Clinton St #1 Los Angeles, CA 90004

Derek Johnson

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5115 Clinton St #1