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    5012 Clinton Street

    Los Angeles (City), CA 90004
    • $8,395,000
    • STATUS: Active Under Contract
    • ON SITE: 574 days
    • ID#: 19439682
    Under Contract
    UPDATED: 8 min ago
    $8,395,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,812
      SQFT
    • $385
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    APARTMENT OR DEVELOPMENT OPPORTUNITY. Predominantly market rents. Beautiful large courtyard style building. 14 two bedroom units and 10 one bedroom units, for a total of 24 units. Four 2nd floor units with balconies/ two units with patios. All units have formal dining rooms or dining areas with wainscoting. Living rooms with hardwood floors and tiled floors in kitchen and bathrooms. Full baths with tub and shower. Individual hot water heaters. Tenants pay for electric and gas. No laundry contract / building owns washers and dryers and the majority of the refrigerators. Building is 100% occupied and is subject to LA Rent Control. 24 covered parking spaces. Development Opportunity/ Cash-flow while obtaining entitlements Zoned LAR3 . 36,587 Sq. Ft. Density Bonus for "very low, low & mod income allocation"

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T20:30:40.943. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/92333250
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    5012 Clinton Street Los Angeles (City), CA 90004

    • Price: $8,395,000
    • Status: Active Under Contract
    • Updated: 8 min ago
    • ID#: 19439682
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    21,812
    SQFT
    $385
    $/SQFT
    1949
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    APARTMENT OR DEVELOPMENT OPPORTUNITY. Predominantly market rents. Beautiful large courtyard style building. 14 two bedroom units and 10 one bedroom units, for a total of 24 units. Four 2nd floor units with balconies/ two units with patios. All units have formal dining rooms or dining areas with wainscoting. Living rooms with hardwood floors and tiled floors in kitchen and bathrooms. Full baths with tub and shower. Individual hot water heaters. Tenants pay for electric and gas. No laundry contract / building owns washers and dryers and the majority of the refrigerators. Building is 100% occupied and is subject to LA Rent Control. 24 covered parking spaces. Development Opportunity/ Cash-flow while obtaining entitlements Zoned LAR3 . 36,587 Sq. Ft. Density Bonus for "very low, low & mod income allocation"
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCovered Parking YN Yes

    Interior Features

    Appliances DisposalRefrigerator Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Cap Rate 4.60 Gross Multiplier 16.64 Gross Operating Income 504540.00 Net Operating Income 384422.00 Special Listing Conditions Standard Total Expenses 109776.00 Zoning Lar3

    Listing provided courtesy of Philip Seymour of Elite Properties Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T20:30:40.943. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
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