5115 Clinton Street

Los Angeles, CA 90004

$1,500,000
Last Sold Price
3
Beds
3.5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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
  1. Listed by David Rivera • DRE #01038321 • Berkshire Hathaway HomeService

Property Details for 5115 Clinton Street

City Postal ID
LOS ANGELES (90004)

Location

Listing Courtesy of Berkshire Hathaway HomeService, David Rivera, DRE #01038321

Sold By Datashare CLAW Default Office Don't Delete, Jonathan Rawson, DRE #02010400

Add your commute
LISTING UPDATED: 09/06/2022 07:59 AM

Property Details for 5115 Clinton Street

StatusSold
MLS #220016243
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Apartment
Year Built-
Lot Size0.14 AC / 6,272 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeService, David Rivera, DRE #01038321

Sold By Datashare CLAW Default Office Don't Delete, Jonathan Rawson, DRE #02010400

Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5115 Clinton Street

Summary Information
Property and Location
  • System ID: 220016243
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 5115
  • Street Name: Clinton Street
Supplement
  • Supplement: 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
Interior and Exterior Features
Exterior Features
  • Exterior: Wood Fence
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: .25 Acres or less
  • Zoning: LAR3-1
  • Assessors Parcel Num: 5522-006-009
Multi Family Information
Unit 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Number of Bathrooms: 2
Unit 2
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Number of Bathrooms: 1
Unit 3
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Number of Bathrooms: 1
Building Details
  • Unit Type: Apartment
  • Age: 1962
  • Floors: Other/Remarks
  • Have: 7 UPSIDE HOLLYWOOD UNITS
  • Motive/Want: 1031 Tax Exchange
  • Parking: Carports, Spaces
  • SqFt of Improvement: 5,393

Property History for 5115 Clinton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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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 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 HomeService, David Rivera, DRE #01038321

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.