4720 Clinton Street

Los Angeles, CA 90004

$1,985,000
Price
Beds
7,918 Sq. Ft.
$251 / Sq. Ft.
7,918
Sq. Ft.
$251
per Sq. Ft.

Description

Well-maintained building with significant value-add opportunity - boasts an attractive unit mix with tremendous upside in rents to maximize ROI. Property is fully occupied, with all tenants on a month-to-month lease. It can be reverted to 10 units, as the single 2bd/2ba unit has two electrical meters - was originally two separate 1bd/1ba units. Has a common laundry area that provides extra income, and one on-site parking space allocated to each unit. Located in the Melrose Hill area adjacent to Larchmont,...Well-maintained building with significant value-add opportunity - boasts an attractive unit mix with tremendous upside in rents to maximize ROI. Property is fully occupied, with all tenants on a month-to-month lease. It can be reverted to 10 units, as the single 2bd/2ba unit has two electrical meters - was originally two separate 1bd/1ba units. Has a common laundry area that provides extra income, and one on-site parking space allocated to each unit. Located in the Melrose Hill area adjacent to Larchmont, the property is perfectly situated to provide easy access to Central & West Hollywood, Downtown Los Angeles and Koreatown.

Property Details for 4720 Clinton Street

Parking Spaces Total
12
Private Pool
No
Total Units
9.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet

Location

Listing Courtesy of Berkshire Hathaway Home Services Golden Properties, Shant Dimijian, DRE #01988179; Berkshire Hathaway HomeServices, Ohanes Dimejian, DRE #00945543
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LISTING UPDATED: 05/02/2024 10:13 AM

Property Details for 4720 Clinton Street

StatusActive
MLS #PF24088694
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1961
Lot Size0.17 AC / 7,493 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway Home Services Golden Properties, Shant Dimijian, DRE #01988179; Berkshire Hathaway HomeServices, Ohanes Dimejian, DRE #00945543
Add your commute

Building Information for 4720 Clinton Street

Stories2Residences-Year Built1961Lot Size0.17 AC / 7,493 SF

Payment Calculator

$12,556 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,833

Property Taxes

$1,723

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4720 Clinton Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $148,296
  • Gross Scheduled Income: $148,296
  • Vacancy Allowance: 4410
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $143,886
  • Net Operating Income: $80,135
Expense Details
  • Operating Expense: $63,751
  • Operating Expense Percent: 44.30%
  • Gardener Expense: $850
  • Fuel Expense: $0
  • Pest Control Expense: $960
  • Electric Expense: $10,126
  • Insurance Expense: $9,583
  • Maintenance Expense: $5,140
  • Professional Management Expense: $0
  • Other Expense: $2,165
  • Other Expense Description: Licenses
  • Trash Expense: $7,127
  • Water Sewer Expense: $5,000
  • Total Expenses: $63,751
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 192...
  • Tax Census Tract: 1925.10
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Entry Location: 1
  • Pool Features: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 12
  • Parking: Yes
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 4720 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 4720 Clinton Street

Taxable ValueLand$1,158,982Additions$451,231Total$1,610,213
Tax Record2023$20,674 ($1,723 / month)
Home Facts
Total Finished SqFt7,918 SqFtAbove Grade Finished SqFt7,918 SqFtLot Size7,493 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN5521-011-001

Schools near 4720 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
Charter - 9 to 12
Rating
School
Distance
Harvard Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Central City Value School
Charter9 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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4720 Clinton Street is a mixed use property for sale in Los Angeles, CA 90004. This property was listed for sale on May 2, 2024 by Berkshire Hathaway Home Services Golden Properties, it's currently listed at $1,985,000. It has been on the market for a total of 16 days and was last sold on February 8, 2007. This listing's school district is Los Angeles Unified School District. Nearby schools include Harvard Elementary School, Virgil Middle School and Fairfax Senior High School. 4720 Clinton Street is a 0-bed, 0-bath, 7,918 sqft mixed use property built in 1961.

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 Berkshire Hathaway Home Services Golden Properties, Shant Dimijian, DRE #01988179; Berkshire Hathaway HomeServices, Ohanes Dimejian, DRE #00945543

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.