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$ 1,980,000
Est. payment | /mo
2 Beds
2 Baths
$ 1,980,000
Est. payment | /mo
2 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25096722
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
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
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Take US 101 North, use right lane to take Exit 6A for Vermont Ave, use middle lane to turn right into Vermont Ave, turn left ont
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5520009014
Listed by Leonardo Laterza Marcus & Millichap RE Invest