5131 Clinton St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90004

Photos

5131 Clinton St — Sale in Los Angeles, CA, photo 1 of 3
5131 Clinton St — Sale in Los Angeles, CA, photo 2 of 3
5131 Clinton St — Sale in Los Angeles, CA, photo 3 of 3

Investment Figures

Cap rate
4.79%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus and Millichap is 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. Investment Highlights: • Good Rental Upside (+85%) • Soft-Story Retrofit Completed • Copper Re-Pipe Completed in 2005 • New Electric Subpanels (No Permit) • Five (5) Tuck-Under Parking Spaces in the Rear and One (1) Open Parking Space in the Front • Excellent Opportunity to Convert Tuck-Under Parking into ADUs • Property Built by the Seller's Family

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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