$2,188,000
$192K PRICE DROP

Estimated payment $14,087/month

Total Views 2,023
8 Beds
8 Baths
4,806 Sq Ft
$455 Price per Sq Ft

Highlights

  • Gated Community
  • Wood Flooring
  • Neighborhood Views
  • Traditional Architecture
  • No HOA
  • Cooling System Powered By Gas

About This Home

Leonardo Laterza of Marcus & Millichap, as the exclusive listing agent, is proud to present a prime multifamily investment opportunity at 4325-4327 Clinton St, located just south of Melrose Ave and north of Rosewood Ave in one of the most desirable pockets of Los Angeles. This corner-lot property spans 7,823 SF, offering easy access to the 101 Freeway and is strategically positioned between Alexandria Ave and Kenmore Ave. The building consists of eight well-maintained one-bedroom, one bathroom units spread over two levels, featuring eight single parking spaces and two additional tandem spaces. Ground-level corner units offer private, spacious patios and come with two designated parking spaces each—an added value for residents seeking outdoor living.

The property has undergone extensive interior renovations across all units, showcasing high-end finishes designed to enhance tenant experience and drive rental demand. Three of the units boast full remodels, including 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. The remaining five units have received partial upgrades, including new kitchen cabinets, granite countertops, fresh paint, updated light fixtures, new flooring, tile in kitchens and bathrooms, and new AC and heating units, offering a mix of updated interiors that appeal to a wide range of tenants.

Significant capital improvements further increase the property’s value, including all new windows and doors throughout. The property also features an on-site laundry facility with one washer and one dryer, and each unit is individually metered for gas and electricity, maximizing operational efficiency.

With a Walk Score of 80, 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.

Listing Agent

Leonardo Laterza

Marcus & Millichap RE Invest Brokerage Email: leonardo.laterza@marcusmillichap.com License #01861324 Listed on: 05/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 7,826 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Apartment
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,806 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Powered By Gas
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 171
  • Tax Tract Number 192
  • Assessor Parcel Number 5520004031
  • $1,153 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $2,374
  • Gardener Expense $1,800
  • Insurance Expense $3,908
  • Maintenance Expense $4,000
  • Pest Control $960
  • Professional Management Expense $7,649
  • Trash Expense $5,652
  • Water Sewer Expense $3,800
  • New Taxes Expense $28,560
  • Operating Expense $56,903
  • Gross Income $4,200
  • Net Operating Income $134,958

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1955 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 6.17
  • Price Per Unit: 273500
  • Professional Management Expense: 7649.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Gated Community
  • View: Yes
  • Water Sewer Expenses: 3800.00
  • Zoning: LAR3
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5520004031
  • Year Built: 1955
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 455.26

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 960.00
  • Sewer: Public Sewer
  • Trash Expense: 5652.00
  • Water Source: Public
  • Cooling: Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7826.00
  • Lot Size Acres: 0.1797

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Electric Expense: 2374.00
  • Gross Income: 4200.00
  • Gross Multiplier: 11.19
  • Gross Scheduled Income: 195600.00
  • Insurance Expense: 3908.00
  • Laundry Income: 4200.00
  • Lot Size Area: 7826.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 134958.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 6
  • Number Of Units Total: 8
  • Number With Disposal: 8
  • Number With Patio: 2
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 54774.00
  • Rent Control: Yes
  • Total Actual Rent: 15950.00
  • Total Expenses: 56903.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28560.00
  • Tax Census Tract: 1926.10
  • Tax Lot: 171
  • Tax Tract Number: 192...
  • TaxOtherAnnualAssessmentAmount: 1153.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Price Changed $2,188,000 -8.1% $455 / Sq Ft
05/01/2025 05/01/25 For Sale $2,380,000 -- $495 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25096788

California Regional Multiple Listing Service (CRMLS)