5131 Clinton Street,Los Angeles, CA 90004
Los Angeles, CA 90004
Description
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.
Details
| MLS # | 26999267 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 18 |
| Listing Provided By | Marcus & Millichap | Jason Tuvia |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 12 |
| SQ Feet | 7,093 |
| Story(s) | 2 |
| Units | 12 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.14 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,900,000 low | high Med: $799,500 sqft: 7,093 low | high Med: 1,855 $ / sqft: $268 low | high Med: $432 On site: 18 low | high Med: 34 | |
Market Activity 90004
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,900,000 low | high Med: $799,500 sqft: 7,093 low | high Med: 1,855 $ / sqft: $268 low | high Med: $432 On site: 18 low | high Med: 34 | |
