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    5012 Clinton St

    Los Angeles, CA 90004
    • $8,395,000
    • STATUS: Active Under Contract
    • ON SITE: 574 days
    • ID#: 19-439682
    Under Contract
    UPDATED: 4 min ago
    $8,395,000
    • 0
      BEDS
    • N/A
      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 the Combined LA/Westside Multiple Listing Service as of 2020-09-29T12:42:58.09. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/92327160
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    5012 Clinton St Los Angeles, CA 90004

    • Price: $8,395,000
    • Status: Active Under Contract
    • Updated: 4 min ago
    • ID#: 19-439682
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    21,812
    SQFT
    $385
    $/SQFT
    1949
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    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 Area 36587 Parking Garage AssignedCovered Parking Pool YN No Tennis YN No Total Parking 24

    Interior Features

    Cooling None Den No Dining Room No Equipment Garbage DisposalRange/OvenRefrigerator Family Room No Heating Wall

    Property Features

    Gross Income 509482 Gross Operating Income 504540 Like Units1 10 Like Units2 14 Net Operating Income 384422.00 Number Of Buildings 1 Number Of Units 24 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 109776 Type Of Units Apartments Zoning Lar3

    Listing provided courtesy of Philip Seymour DRE#00630158 of Elite Properties Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-29T12:42:58.09. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583