- 9 Beds
- 7 Baths
- 5,393 Sqft
- .14 Acres
5115 Clinton Street # 1
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!
Essential Information
- MLS® #25566729
- Price$2,575,000
- Bedrooms9
- Bathrooms7.00
- Square Footage5,393
- Acres0.14
- Year Built1962
- TypeResidential Income
- StatusActive Under Contract
Community Information
- Address5115 Clinton Street # 1
- AreaC18 - Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
Amenities
- Parking Spaces7
- PoolNone
Parking
Attached Carport, Assigned, Carport, Covered
Garages
Attached Carport, Assigned, Carport, Covered
Interior
- Interior FeaturesCeiling Fan(s)
- HeatingWall Furnace
- CoolingWall/Window Unit(s)
- # of Stories2
- StoriesTwo
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Additional Information
- Date ListedJuly 17th, 2025
- Days on Market116
- ZoningLAR3
Listing Details
- AgentRob Kellner
- OfficeAvenue Realty Group
Price Change History for 5115 Clinton Street # 1, Los Angeles, (MLS® #25566729)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Rob Kellner, Avenue Realty Group.
Based on information from California Regional Multiple Listing Service, Inc. as of November 10th, 2025 at 10:41pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.