Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
$1,900,000
We are pleased to present a twelve (12) unit apartment building located at 5131 Clinton St in Los Angeles, California. The subject property is located in a prime Hollywood location, just south of Melrose Ave and east of Van Ness Ave. Located in prime Hollywood, this multifamily property offers approximately… Read More 85% potential rental upside and a varied unit mix comprising two studios, one guest unit, seven one-bedroom units, and two two-bedroom units. Built by the seller's family, the property features a completed soft-story retrofit and a copper re-pipe completed in 2005. Amenities include on-site laundry, five rear tuck-under parking spaces, and one front open parking space. The tuck-under parking may present ADU conversion opportunities, subject to feasibility and approvals. Residents enjoy convenient access to the 101 Freeway and commercial corridors along Melrose, Santa Monica, Western, and Beverly. Nearby destinations include Larchmont Village, Lemon Grove Recreation Center, and Hollywood's many popular local restaurants, shops, and entertainment attractions. With approximately 85% potential rental upside, a completed soft-story retrofit, and potential tuck-under parking conversions for ADUs, the property presents a compelling value-add opportunity in prime Hollywood. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio. Read Less
Listing Snapshot
Days Online
34
Last Updated
Beds
11
3/4 Baths
12
Square Ft.
7,093
Lot Size
0.14 Acres
Year Built
1956
MLS Number
26999267
Additional Details
Building
Built in 1956, Living area: 7093.0, 1 building, Levels: Two
Income
Gross Income: $170,136, Net Operating Income: $90,938
Lot
0.1436 acres
Taxes
Parcel Number: 5522005014, Zoning: LAR3
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