5115 Clinton Street #1, Los Angeles, CA 90004 - Berkshire Hathaway HomeServices California Properties
5115 Clinton Street #1 Los Angeles, CA 90004
$2,650,000 10 beds, 11 baths
5, 393 sqft

Agent Remarks

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!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25507875
List price is $2,650,000 Reduced by $90,000 on 5/1/2025
Beds: 10
Baths: 11
Built in 1962
5,393 sqft
2 stories
0.14 acres
Lot size: 0.1439
County: Los Angeles
Zoning: LAR3
Interior features: Ceiling Fan(s)
Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Parking description: Assigned,Covered
Heating description: Wall Furnace
MLS area: C18 - Hancock Park-Wilshire

Last Updated: 5/1/2025

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This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.081930, -118.314081.
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Listing Agent: Jonathan Rawson
Lic#: 01234982
Office Name: Mission Viejo

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