Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

12

Building size

7,093 sqft

Lot size

6,255 sqft

Year built

1956

Stories

0

Status

Active

Days on market

8

MLS #

248172260

About this property

We are pleased to present a twelve (12) unit apartment building located at 5131 Clinton St in Los Angeles, California. The subject property is located in a prime Hollywood location, just south of Melrose Ave and east of Van Ness Ave. Located in prime Hollywood, this multifamily property offers approximately 85% potential rental upside and a varied unit mix comprising two studios, one guest unit, seven one-bedroom units, and two two-bedroom units. Built by the seller's family, the property features a completed soft-story retrofit and a copper re-pipe completed in 2005. Amenities include on-site laundry, five rear tuck-under parking spaces, and one front open parking space. The tuck-under parking may present ADU conversion opportunities, subject to feasibility and approvals. Residents enjoy convenient access to the 101 Freeway and commercial corridors along Melrose, Santa Monica, Western, and Beverly. Nearby destinations include Larchmont Village, Lemon Grove Recreation Center, and Hollywood's many popular local restaurants, shops, and entertainment attractions. With approximately 85% potential rental upside, a completed soft-story retrofit, and potential tuck-under parking conversions for ADUs, the property presents a compelling value-add opportunity in prime Hollywood. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.

Location

5131 Clinton Street

Los Angeles, Los Angeles, CA, 90004