Homes for sale - 5115 Clinton ST #1, Los Angeles, CA 90004

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Chris Jones

chris@jonesrealtygroupsd.com +1(619) 405-9847

$ 2,650,000

Est. payment | -/mo

10 Beds

11 Baths

5,393 SqFt

Save Video Tour

$ 2,650,000

Est. payment | -/mo

Save Video Tour

10 Beds

11 Baths

5,393 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,393 sqft

Price per Sqft $491

MLS Listing ID 25507875

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1962

Lot Size 6,268 Sqft

Property Description

LARGE PRICE ADJUSTMENT! 7 unit professionally managed trophy asset located in the heart of highly desirable Larchmont. Just 2 blocks from Paramount Studios, and less than half a mile to Hancock Park and Wilshire Country Club! 5.65% cap rate on current rents and T12 expenses + new tax rate and assessments! Fully restored and turn-key building that will run with low maintenance/repairs and upkeep while having in-place market rate tenants on Day 1. All units were fully remodeled and installed brand new bathrooms, kitchens, AC units, in-unit washer & dryers, appliances, flooring, countertops, cabinets, shower tiling, light fixtures, windows, doors & molding, paint, vanities and much more! Great unit mix of: (4) Large 2 Bed/1.5 Bath Two Story Townhomes, (1) 1 Bed/1 Bath, & (2) Studios. All units have reserved on-site parking in the back which is high value for a thinly parked neighborhood. The entire electrical service (main panel, meters and subpanels) was replaced in 2024 and done with permits. New roof installed in 2023, and the building has 100% copper plumbing throughout. EQ retrofit completed in 2023, and all gas meters have EQ shut off valves installed already. Separately metered for gas & electricity, and all units are on RUBS for water, sewer and trash for utility reimbursements to help keep operating costs down and NOI high for great cash flow. Exterior of building received all new paint, new landscaping, new fencing, new lighting, and more!

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Covered

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5522006009

Security Features Security Gate

Financing Cash

Special Listing Condition Standard

Listed by Jonathan Rawson Avenue Realty Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 405-9847

chris@jonesrealtygroupsd.com

San Diego, USA

5115 Clinton ST #1 Los Angeles, CA 90004