REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,650,000
Est. payment | /mo
5,393 SqFt
$ 2,650,000
Est. payment | /mo
5,393 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,393 sqft
Price per Sqft $491
MLS Listing ID CL25507875
HOA Y/N No
Year Built 1962
Lot Size 6,270 Sqft
Acres 0.14
Property Sub-Type Other
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 reimburseme
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5522006009
Virtual Tour https://www.dropbox.com/scl/fi/7f3r1icxlnyftsbjn5qsj/5115-Clinton-St-x-VO.mov?rlkey=l46k5b6yahlntkwe7lul1a3wh&e=1&st=pnhl0sr6&dl=0
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Listed by Jonathan Rawson • Avenue Realty Group