For Sale Multi-Family MLS# 26999267

5131 Clinton Street

Los Angeles, CA 90004

$1,900,000

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About 5131 Clinton Street

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 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.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1956
Stories
2
Living area
7,093 sqft
Price / sqft
$268
Lot
0.1436
Original price
$1,900,000
MLS #
26999267

Exterior & lot

Features
Parking spaces: 0
Construction
2
Lot
LAR3

Schools

District
Los Angeles Unified School District

Financial

Parcel
5522005014
Special conditions
Standard

Location

Area
C18 - Hancock Park-Wilshire
County
Los Angeles
Neighborhood
Larchmont
Directions
South of Melrose Ave and east of Van Ness Ave

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Listed by Jason Tuvia, Marcus & Millichap

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.