$1,650,000

5115 Clinton Street, Los Angeles, CA 90004

6,268

Lot Size

Listing Agent
David Rivera - Berkshire Hathaway HomeService

FIXER - SEE THE ATTACHED OFFERING MEMORANDUM. 7 apartments in the entertainment capital of the world - Hollywood. Desirable to professionals, artists and families, it is ideally situated in a densely populated submarket near the 101 and in close proximity to a number of amenities. With rents well below market and at $306/SF, 5115 Clinton's value add opportunity is awaiting your investor’s creative touch. HIGH UPSIDE with rents 38% below market, increase 2X-3X by renovating. VALUE ADD POTENTIAL to increase CAP from current 3.82% to market 4.31%. NEW(ER) DEVELOPMENT throughout the immediate area. RE-DESIGN FLOORPLAN possibilities as the building has a raised foundation. ON-SITE AMENITIES include 7 gated parking spaces with 3 covered, laundry room, and storage lockers. SITE INFO: 7 units built in 1962 totaling 5,393 SF on a 6,268 SF lot: 4 - 2 BR/1.5 BA; 2 - 1 BR/1 BA; 1 - 0 BD/1 BA studio; 10 BR / 11 BA total (per assessor). HIGH UPSIDE with rents 38% below market, increase 2X to 3X by renovating. VALUE ADD POTENTIAL to increase CAP from current 3.82% to market 4.31%. NEW(ER) DEVELOPMENT throughout the immediate area. RE-DESIGN FLOORPLAN possibilities as the building has a raised foundation. ON-SITE AMENITIES include 7 gated parking spaces with 3 covered, laundry room, and storage lockers. SITE INFO: 7units built in 1962 totaling 5,393 SF on a 6,268 SF lot. * Four - 2 Bed / 1 . 5 Bath * Two - 1 Bed / 1 Bath * One - 0 Bed / 1 Bath Studio * 10 Bed / 11 Bath Total

Facts & Features

MLS® # 220016243SD
Price $1,650,000
Bathrooms 0.00
Lot Size 6,268
Type Commercial Sale
Sub-Type Mixed Use
Status Active
# Of Units 7

Community Information

Address 5115 Clinton Street
City Los Angeles
County Los Angeles
State CA
Zip Code 90004

Amenities

Parking Spaces 7
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Additional Information

Date Listed June 24th, 2022
Days on Market 54
Zoning LAR3-1
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentDavid Rivera
OfficeBerkshire Hathaway HomeService

Listing Map

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