4316 Clinton ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25096722
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1924
Lot Size 5,932 Sqft
Property Sub-Type Apartment
Property Description
Leonardo Laterza of Marcus & Millichap, as an exclusive listing agent is proud to present a prime multifamily investment opportunity at 4316-4320 Clinton St, located just south of Melrose Ave and north of Rosewood Ave, right between Alexandria & Kenmore Ave in one of the most desirable pockets of Los Angeles.
This well maintained 6 units apartment building consists of two separate structures and offers desirable unit mix of four 2 bed /1 bath units and two studios. Each unit is equipped with in-unit washer and dryer, providing residents with enhanced convenience and modern functionality.
The property has undergone extensive interior renovations where five out of the six units have been highly renovated including the following: brand-new kitchen cabinets, quartz countertops, modern backsplashes, new flooring, upgraded travertine tiles in kitchens and bathrooms, new bathroom vanities, fresh paint, updated light fixtures, and new AC and heating units. Only one unit has not been renovated allowing the new owner to execute on the proven value add plan.
Furthermore, the capital improvements include all-new windows throughout and resealed roof. The property is separately metered for gas and electricity, and the trash is paid through the City of LA. Additionally, there are four one-car garages and two additional open parking spaces. This setup presents a potential for additional income, especially through ADU conversions with individual garages.
With a Walk Score of 81, the property benefits from a highly accessible location. Major freeways such as the 101 and CA-60 are nearby, and key employment hubs like LA City College, Kaiser Permanente, Wilshire State Bank, Netflix, Paramount Studios, and YMCA Korea Town. Located one mile from Vermont/Beverly Metro link station, this location offers convenient transit options, making this location ideal for commuters traveling to Downtown LA, Hollywood and Santa Monica. The property's position within the thriving Pomona market makes it an excellent long-term investment.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Rooms
Other Rooms Two On A Lot
Interior
Flooring Wood
Fireplace No
Appliance Microwave,Refrigerator
Laundry Inside
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Wrought Iron
Pool None
Community Features Urban,Gated
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
View Y/N Yes
View Neighborhood
Roof Type Flat
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Combination
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
Additional Building Two On A Lot
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5520009014
Security Features Gated Community
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard