5115 Clinton St | Los Angeles, CA 90004
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- LoopNet Team
5115 Clinton St
Los Angeles, CA 90004
High Upside - Hollywood · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- HIGH UPSIDE with rents 38% below market, increase 2X-3X by renovating.
- NEW(ER) DEVELOPMENT throughout the immediate area.
- ON-SITE AMENITIES include 7 gated parking spaces with 3 covered, laundry room, and storage lockers.
- VALUE ADD POTENTIAL to increase CAP from current 3.82% to market 4.31%.
- RE-DESIGN FLOORPLAN possibilities as the building has a raised foundation.
- SITE INFO: 7 units built in 1962 totaling 5,393 SF on a 6,268 SF lot: 10 BR / 11 BA total per assessor.
PROPERTY FACTS
| No. Units | 7 | Building Size | 5,393 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2023 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | R3 - Multiple Dwelling | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,393 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2023 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R3 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Gated
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 1 | - | - |
| 2+2 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 5522-006-009 | Improvements Assessment | $312,120 |
| Land Assessment | $1,248,480 | Total Assessment | $1,560,600 |
PROPERTY TAXES
Parcel Number
5522-006-009
Land Assessment
$1,248,480
Improvements Assessment
$312,120
Total Assessment
$1,560,600
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