5115 Clinton Street #1, Los Angeles, CA 90004
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
5115 Clinton Street #1,Los Angeles, CA 90004
$2,575,000
- 10 Beds
- 11 Baths
- 5,393 sq. ft.
- Multi-family
- Active
Listed by:rob kellner
Office:avenue realty group
MLS#:25566729
Source:CRMLS
Price summary
- Price:$2,575,000
- Price per sq. ft.:$477.47
About this home
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!
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Home facts
- Year built:1962
- Listing ID #:25566729
- Added:211 day(s) ago
- Updated:October 07, 2025 at 09:32 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:11
- Living area:5,393 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1962
- Building area:5,393 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$2,575,000
- Price per sq. ft.:$477.47
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