4307 Clinton Street

Los Angeles, CA 90004

$1,200,000
Price
8
Beds
4
Baths
4,044 Sq. Ft.
$297 / Sq. Ft.
4,044
Sq. Ft.
$297
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire a four-unit apartment community situated north of Koreatown. The subject property is located southwest of the 101 Freeway & east of Normandie Avenue. The property is situated on a 4,078 square foot parcel and comprises of four large units. There is 42% remaining rental upside that new ownership can capture through interior renovations. As one of Los Angeles' most densely populated neighborhoods, this submarket's popularity has grown significantly...We are pleased to present the opportunity to acquire a four-unit apartment community situated north of Koreatown. The subject property is located southwest of the 101 Freeway & east of Normandie Avenue. The property is situated on a 4,078 square foot parcel and comprises of four large units. There is 42% remaining rental upside that new ownership can capture through interior renovations. As one of Los Angeles' most densely populated neighborhoods, this submarket's popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground up development in the immediate gentrifying area, the location has been catering to families, young professionals and artists alike in recent years. Taking into consideration the property's strong location and remaining value-add components, 4307 Clinton Street is well suited to provide investors with healthy returns and long-term appreciation potential. Buyer to Verify Bedroom Count. Two Bedrooms are Legally One Bedrooms Per Los Angeles Assessor.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4307 Clinton Street

Zoning
LAR3
Parcel Number
5520004025
Total Units
4.0
Living Area
4044
Source Living Area
Assessor
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
4078

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute
LISTING UPDATED: 04/05/2024 12:01 AM

Property Details for 4307 Clinton Street

StatusActive
MLS #24-373931
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.09 AC / 4,078 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute

Building Information for 4307 Clinton Street

Stories2Residences-Year Built1921Building Size-Lot Size0.09 AC / 4,078 SF

Payment Calculator

$7,076 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$527

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4307 Clinton Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $85,296
  • Net Operating Income: $59,547.00
  • Gross Income: $84,816
  • Cap Rate: 4.96%
  • Gross Rent Multiplier: $14.15
  • Total Annual Expense: 25749
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0936
  • Lot Size Square Feet: 4078
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 2
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-28-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,697.00
  • Unit Actual Rent: $1,697.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,697.00
  • Unit Actual Rent: $1,697.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,274.00
  • Unit Actual Rent: $1,274.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $181,086.00
  • Assessed Improvement Percent: 37.5
  • Assessed Land Value: $301,815.00
  • Assessed Land Percent: 62.5
  • Assessed Total Value: $482,901.00

Property History for 4307 Clinton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4307 Clinton Street

Taxable ValueLand$301,815Additions$181,446Total$483,261
Tax Record2023$6,319 ($527 / month)
Home Facts
Total Finished SqFt4,044 SqFtAbove Grade Finished SqFt4,044 SqFtLot Size4,078 SqFtStyleQuadraplexYear Built1921ZoningLAR3CountyLOS ANGELESAPN5520-004-025

Schools near 4307 Clinton Street

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 - 9 to 12
Rating
School
Distance
Alexandria Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 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.

Similar Homes

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4307 Clinton Street is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on March 28, 2024 by Marcus & Millichap, it's currently listed at $1,200,000. It has been on the market for a total of 35 days and was last sold on November 3, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include Alexandria Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 4307 Clinton Street is a 8-bed, 4-bath, 4,044 sqft multi-family home built in 1921.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.