D
Seller's Agent in 2022
David Rivera
Berkshire Hathaway HomeServices California Properties
(619) 549-1810
1 in this area
21 Total Sales
5115 Clinton St Los Angeles, CA 90004
Larchmont Neighborhood
3
Beds
3
Baths
5,393
Sq Ft
6,098
Sq Ft Lot
About This Home
As of August 2022FIXER - SEE THE ATTACHED OFFERING MEMORANDUM. 7 apartments in the entertainment capital of the world - Hollywood. Desirable to professionals, artists and families, it is ideally situated in a densely populated submarket near the 101 and in close proximity to a number of amenities. With rents well below market and at $306/SF, 5115 Clinton's value add opportunity is awaiting your investor’s creative touch. HIGH UPSIDE with rents 38% below market, increase 2X-3X by renovating. VALUE ADD POTENTIAL to increase CAP from current 3.82% to market 4.31%. NEW(ER) DEVELOPMENT throughout the immediate area. RE-DESIGN FLOORPLAN possibilities as the building has a raised foundation. ON-SITE AMENITIES include 7 gated parking spaces with 3 covered, laundry room, and storage lockers. SITE INFO: 7 units built in 1962 totaling 5,393 SF on a 6,268 SF lot: 4 - 2 BR/1.5 BA; 2 - 1 BR/1 BA; 1 - 0 BD/1 BA studio; 10 BR / 11 BA total (per assessor).
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01038321 Listed on: 06/24/2022
Last Buyer's Agent
Jonathan Rawson
Datashare CLAW Default Office Don't Delete License #02010400
Property Details
Home Type
- Multi-Family
Lot Details
- 6,098
Home Design
Interior Spaces
- 3 Bedrooms
- 5,393 Sq Ft Home
- 2-Story Property
Parking
- 7 Parking Spaces
- 3 Carport Spaces
- Parking Available
Additional Features
- Wood Fence
- Number of ADU Units: 4
Community Details
Overview
- 7 Units
Building Details
- 7 Leased Units
- Operating Expense $27,216
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2022 08/31/22 | Sold | $1,500,000 | -9.1% | $278 / Sq Ft |
| 07/29/2022 07/29/22 | Price Changed | $1,650,000 | -8.3% | $306 / Sq Ft |
| 07/20/2022 07/20/22 | Price Changed | $1,799,995 | -10.0% | $334 / Sq Ft |
| 06/24/2022 06/24/22 | For Sale | $1,999,995 | -- | $371 / Sq Ft |
Source: San Diego MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,461 | $1,560,600 | $1,248,480 | $312,120 |
| 2024 | $19,461 | $1,530,000 | $1,224,000 | $306,000 |
| 2023 | $19,100 | $1,500,000 | $1,200,000 | $300,000 |
| 2022 | $6,834 | $491,627 | $206,405 | $285,222 |
| 2021 | $6,725 | $481,988 | $202,358 | $279,630 |
| 2019 | $6,547 | $468,329 | $196,357 | $271,972 |
| 2018 | $6,418 | $459,159 | $192,507 | $266,652 |
| 2016 | $6,060 | $440,721 | $185,033 | $255,688 |
| 2015 | $5,982 | $434,102 | $182,254 | $251,848 |
| 2014 | $6,048 | $425,599 | $178,684 | $246,915 |
Source: Public Records
Agents Affiliated with this Home
-
David Rivera
-
J
Buyer's Agent in 2022
Jonathan Rawson
Datashare CLAW Default Office Don't Delete
Map
Source: San Diego MLS
MLS Number: 220016243
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