5115 Clinton St, Unit 1

11
Baths
5,393 Sq. Ft.
$477 / Sq. Ft.
5,393
Sq. Ft.
$477
per Sq. Ft.

Description

Beautifully remodeled and high in-place cash flow trophy asset located in the heart of A+ Larchmont and just blocks away to Historic Hancock Park and Wilshire Country Club! This professionally managed building has been fully restored and is being offered a true 6.01% current cap rate (based on current rents, new tax rate, and May 2024 to May 2025 actual expenses). 6 of the 7 units are eligible for 4% rent increases to take the cap rate to 6.27%! All units were gut remodeled and have brand new bathrooms,...Beautifully remodeled and high in-place cash flow trophy asset located in the heart of A+ Larchmont and just blocks away to Historic Hancock Park and Wilshire Country Club! This professionally managed building has been fully restored and is being offered a true 6.01% current cap rate (based on current rents, new tax rate, and May 2024 to May 2025 actual expenses). 6 of the 7 units are eligible for 4% rent increases to take the cap rate to 6.27%! All units were gut remodeled and have brand new bathrooms, kitchens, living rooms, bedrooms, in-unit air conditioning units, in-unit washer & dryers, stainless steel appliances, flooring, retrofitted windows, quartz countertops, tile, light fixtures, moulding, and so much more! In an area that lacks parking, there is on-site, gated and reserved parking for each unit! Desirable unit mix of (4) Large 2 Bedroom/1.5 Bath Two Story Townhomes, (1) 1 Bed/1 Bath & (2) Large Studios. In addition to brand new remodeled units, the entire electrical service (main panel, meters & subpanels) was completely replaced in 2024 and permits pulled. The roof was replaced in 2023, EQ retrofit work was competed in 2023, and the plumbing is 100% copper throughout! Utility expenses run low because the units are separately metered for gas & electricity, and ALL units are on RUBS for water, sewer and trash reimbursements to help keep a healthy NOI! The exterior was also fully restored with all new paint, fencing, lighting, and landscaping! Being 2 blocks from Paramount Studios and a household income of $118,134, this building and its location will always be high-in-demand in the rental market for generations to come!

Listing Agent

  1. Jon Rawson

    Jon Rawson

    Alternative Listing Agent

    Compass

    DRE #02010400

    jon.rawson@compass.com

    P: (310)-869-9137

Property Details for 5115 Clinton Street, Unit 1

Zoning
LAR3
Property Attached YN
true
Parcel Number
5522006009
Total Units
7.0
Living Area
5393
Source Living Area
Vendor Enhanced
Area
Hancock Park (HPK)
Vacancy Rate
None
LISTING UPDATED: 12/04/2025 04:06 PM

Property Details for 5115 Clinton Street, Unit 1

StatusPending
MLS #25566729
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.14 AC / 6,270 SF
CountyLos Angeles County

Location

Listing Courtesy of Avenue Realty Group, Jon Rawson, DRE #02010400; Avenue Realty Group, Rob Kellner, DRE #02201789
Add your commute

Building Information for 5115 Clinton Street, Unit 1

Stories2Residences-Year Built1962Building Size-Lot Size0.14 AC / 6,270 SF

Payment Calculator

$14,193 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,550

Property Taxes

$1,643

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5115 Clinton Street, Unit 1

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Unit Number: 1
  • Security Features: Gated, Automatic Gate
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Cash To Existing Loan, Conventional, Cash, Assumed
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $221,125
  • Net Operating Income: $154,729.00
  • Gross Income: $221,125
  • Cap Rate: 6.01%
  • Gross Rent Multiplier: $11.65
  • Financial Info as Of: 07/17/2025
  • Owner Pays: Gardener
  • Total Annual Expense: 66396
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1439
  • Lot Size Square Feet: 6270
Parking Details
Parking Details
  • Parking Garage: Assigned, Covered Parking, Carport Attached, Carport
  • Total Parking: 7
  • Covered Parking: 7
  • Parking Features: Assigned, Covered, Attached Carport, Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window, Ceiling Fan, Air Conditioning
  • Cooling Type: Wall/Window, Ceiling Fan, Air Conditioning
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Quartz Counters, Remodeled
  • Room Bathroom Features: Remodeled, Tile Counters
  • Bathroom Features: Shower Over Tub, Remodeled, Tile
  • Common Walls: Attached
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-17-2025
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,395.00
  • Unit Actual Rent: $2,395.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $306,000.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,224,000.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,530,000.00

Property History for 5115 Clinton Street, Unit 1

DateEvent & SourcePriceAppreciation
Oct 7, 2025

Pending

CRMLS #25566729

—
Oct 7, 2025

Pending

CLAW #25566729

—
Oct 7, 2025

Accepting Backup Offers

CRMLS #25566729

—
Oct 7, 2025

Accepting Backup Offers

CLAW #25566729

—
Jul 17, 2025

Withdrawn / Cancelled

CLAW #25507875

—
Jul 17, 2025

Listed (Active)

CRMLS #25566729

$2,575,000—
Jul 17, 2025

Withdrawn / Cancelled

CRMLS #25507875

$2,575,000—
Jul 17, 2025

Listed (Active)

CLAW #25566729

$2,575,000—
Jun 12, 2025

Price Change

CLAW #25507875

$2,575,000—
May 1, 2025

Price Change

CLAW #25507875

$2,650,000—
May 1, 2025

Price Change

CRMLS #25507875

$2,650,000—
Mar 10, 2025

Listed (Active)

CLAW #25507875

$2,740,000—
Mar 10, 2025

Listed (Active)

CRMLS #25507875

$2,740,000—
Aug 19, 2022

Sold (Public Record)

Public Record #1496445097

$1,500,000—
DateEvent & SourcePrice
10/07/2025

Pending

CRMLS #25566729

—
10/07/2025

Pending

CLAW #25566729

—
10/07/2025

Accepting Backup Offers

CRMLS #25566729

—
10/07/2025

Accepting Backup Offers

CLAW #25566729

—
07/17/2025

Withdrawn / Cancelled

CLAW #25507875

—
07/17/2025

Listed (Active)

CRMLS #25566729

$2,575,000
07/17/2025

Withdrawn / Cancelled

CRMLS #25507875

$2,575,000
07/17/2025

Listed (Active)

CLAW #25566729

$2,575,000
06/12/2025

Price Change

CLAW #25507875

$2,575,000
05/01/2025

Price Change

CLAW #25507875

$2,650,000
05/01/2025

Price Change

CRMLS #25507875

$2,650,000
03/10/2025

Listed (Active)

CLAW #25507875

$2,740,000
03/10/2025

Listed (Active)

CRMLS #25507875

$2,740,000
08/19/2022

Sold (Public Record)

Public Record #1496445097

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5115 Clinton Street, Unit 1

Taxable ValueLand$1,248,480Additions$312,755Total$1,561,235
Tax Record2025$19,715 ($1,643 / month)
Home Facts
Total Finished SqFt5,393 SqFtAbove Grade Finished SqFt5,393 SqFtLot Size6,268 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN5522-006-009

Schools near 5115 Clinton Street, Unit 1

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Van Ness Avenue Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Richard A. Alonzo Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Avenue Realty Group, Jon Rawson, DRE #02010400; Avenue Realty Group, Rob Kellner, DRE #02201789

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.