APT-1 - 5115 Clinton St, Home with 10 bedrooms, 11 bathrooms and 7 parking in LOS ANGELES CA | Image 1

$2,575,000

Apt-1 - 5115 Clinton St, Los Angeles, CA

Name: APT-1 - 5115 Clinton St, For Sale in LOS ANGELES - eXp Commercial Brokerage
Brand: Avenue Realty Group
SKU: 25566729
Price: 2575000 CAD

Real Estate

For Sale

$--,---,---

10117

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 5393 sqft

Garage No

Maintenance Fees

Taxes

Days Active 0

Approx. Age 1962

Avg. Price Per Sqft $477

MLS® Number 25566729

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Beautifully remodeled and high in-place cash flow trophy asset located in the heart of A+ Larchmont and just blocks away to Historic Handcock 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 more information, contact Jon Rawson at (310) 869-9137 or [email protected]Show Description

MLS® Number25566729

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1962

Stories2

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatWall Furnace

A/CWall Window Units

Heating Fuel

Extras

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