5115 Clinton Street
5115 Clinton Street
$1,500,000
3
3.5
—
—
—
Sold 8/31/22
Description
FIXER - SEE THE ATTACHED OFFERING MEMORANDUM. 7 apartments in the entertainment capital of the world - Hollywood. Desirable to professionals, artists and families, it is ideally situated in a densely populated submarket near the 101 and in close proximity to a number of amenities. With rents well below market and at $306/SF, 5115 Clinton's value add opportunity is awaiting your investor’s creative touch. HIGH UPSIDE with rents 38% below market, increase 2X-3X by renovating. VALUE ADD POTENTIAL to...FIXER - SEE THE ATTACHED OFFERING MEMORANDUM. 7 apartments in the entertainment capital of the world - Hollywood. Desirable to professionals, artists and families, it is ideally situated in a densely populated submarket near the 101 and in close proximity to a number of amenities. With rents well below market and at $306/SF, 5115 Clinton's value add opportunity is awaiting your investor’s creative touch. HIGH UPSIDE with rents 38% below market, increase 2X-3X by renovating. VALUE ADD POTENTIAL to increase CAP from current 3.82% to market 4.31%. NEW(ER) DEVELOPMENT throughout the immediate area. RE-DESIGN FLOORPLAN possibilities as the building has a raised foundation. ON-SITE AMENITIES include 7 gated parking spaces with 3 covered, laundry room, and storage lockers. SITE INFO: 7 units built in 1962 totaling 5,393 SF on a 6,268 SF lot: 4 - 2 BR/1.5 BA; 2 - 1 BR/1 BA; 1 - 0 BD/1 BA studio; 10 BR / 11 BA total (per assessor). HIGH UPSIDE with rents 38% below market, increase 2X to 3X by renovating. VALUE ADD POTENTIAL to increase CAP from current 3.82% to market 4.31%. NEW(ER) DEVELOPMENT throughout the immediate area. RE-DESIGN FLOORPLAN possibilities as the building has a raised foundation. ON-SITE AMENITIES include 7 gated parking spaces with 3 covered, laundry room, and storage lockers. SITE INFO: 7units built in 1962 totaling 5,393 SF on a 6,268 SF lot. Four - 2 Bed / 1 . 5 Bath Two - 1 Bed / 1 Bath One - 0 Bed / 1 Bath Studio 10 Bed / 11 Bath Total
- Listed by David Rivera • DRE #01038321 • Berkshire Hathaway HomeService
Property Details for 5115 Clinton Street
City Postal ID
LOS ANGELES (90004)
Location
LISTING UPDATED: 09/06/2022 07:59 AM
Property Details for 5115 Clinton Street
Status | Sold |
---|---|
MLS # | 220016243 |
Days on Market | 53 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial-Res Income / Apartment |
Year Built | - |
Lot Size | 0.14 AC / 6,272 SF |
County | Los Angeles County |
Location
Building Information for 5115 Clinton Street
Stories-Residences-Year Built-Building Size-Lot Size0.14 AC / 6,272 SF
Payment Calculator
$8,186 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5115 Clinton Street
Property History for 5115 Clinton Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 5115 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 - | 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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