4720 Clinton St, Los Angeles, CA 90004
9 Unit Apartment Building | $1,985,000 ($220,556/Unit) | 4.04% Cap Rate | Los Angeles, CA 90004
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,985,000
- Property Type
-
Multifamily
- Square Feet
- 7,918 SF
Listing Contacts
Ohanes Dimejian CCIM
Verified Profile
Shant Dimijian
Verified Profile
- Property Info
Property Overview
Well-maintained building with significant value-add opportunity - boasts an attractive unit mix with tremendous upside in rents to maximize ROI. Property is fully occupied, with all tenants on a month-to-month lease. It can be reverted to 10 units, as the single 2bd/2ba unit has two electrical meters - was originally two separate 1bd/1ba units. Has a common laundry area that provides extra income, and one on-site parking space allocated to each unit. Located in the Melrose Hill area adjacent to Larchmont, the property is perfectly situated to provide easy access to Central & West Hollywood, Downtown Los Angeles and Koreatown.
Property Details
- Class
- C
- Year Built
- 1961
- Stories
- 2
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 9
Nearby Properties
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