• 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/175cd730-fa60-46b3-a3db-9005bdc4b474.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/445d6fc0-83ba-4355-838a-81ec91a5e57a.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/5ac17c7a-e010-409a-b113-03ffa5923f75.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/6bb30e33-707b-4cb2-a782-010a103c1299.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/fd0b7621-299a-4d64-9cca-67d428fd1f4f.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/49d4f88c-dca9-48fe-8532-b93c5f312e91.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/26040d81-295d-4959-9a56-d66266b34050.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/67005744-1f0b-431c-850d-271d4bced8fc.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/69ef4963-22ed-4be5-9261-913384f582cb.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/7c51996d-08dd-4f42-8237-c7b0693d3619.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/9fa40953-ed64-4431-b519-90747f895a0c.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/d11ba48b-eb65-43cf-ac39-a2a9b01215a3.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/36024369-a42e-4eb7-868f-3b46d4503e53.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/bf214030-f23e-4221-8866-797b06fb92a4.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/c6640a3d-a42c-408d-ad7e-c30b3470e9ab.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/8b14a2b4-78f9-43c1-9b20-2b1e4ff52f58.jpg
  • 5115 Clinton Street, Los Angeles CA: https://media.crmls.org/mediaz/2e5f837c-3f74-475f-890e-df3a6967f164.jpg

5115 Clinton Street, Los Angeles, CA 90004

| 5,393 SQ/FT

Offered at $2,575,000

Beautifully remodeled and high in-place cash flow trophy asset located in the heart of A+ Larchmont and just blocks away to Historic Hancock Park and Wilshire Country Club! This professionally managed building has been fully restored and is being offered a true 6.01% current cap rate (based on current rents, new tax rate, and May 2024 to May 2025 actual expenses). 6 of the 7 units are eligible for 4% rent increases to take the cap rate to 6.27%! All units were gut remodeled and have brand new bathrooms, kitchens, living rooms, bedrooms, in-unit air conditioning units, in-unit washer & dryers, stainless steel appliances, flooring, retrofitted windows, quartz countertops, tile, light fixtures, moulding, and so much more! In an area that lacks parking, there is on-site, gated and reserved parking for each unit! Desirable unit mix of (4) Large 2 Bedroom/1.5 Bath Two Story Townhomes, (1) 1 Bed/1 Bath & (2) Large Studios. In addition to brand new remodeled units, the entire electrical service (main panel, meters & subpanels) was completely replaced in 2024 and permits pulled. The roof was replaced in 2023, EQ retrofit work was competed in 2023, and the plumbing is 100% copper throughout! Utility expenses run low because the units are separately metered for gas & electricity, and ALL units are on RUBS for water, sewer and trash reimbursements to help keep a healthy NOI! The exterior was also fully restored with all new paint, fencing, lighting, and landscaping! Being 2 blocks from Paramount Studios and a household income of $118,134, this building and its location will always be high-in-demand in the rental market for generations to come!