4-Unit Bordering Koreatown & East Hollywood | 4307 Clinton St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4-Unit Bordering Koreatown & East Hollywood 4307 Clinton St
4 Unit Apartment Building $1,025,000 ($256,250/Unit) 6.01% Cap Rate Los Angeles, CA 90004
Investment Highlights
- There is 41 Percent Remaining Rental Upside Through Interior Renovations
- Located Between Koreatown and Hollywood With a Walk Score of 80, Offering Easy Access to Employment, Retail, and Entertainment in Nearby Areas
- Current Ownership Has Attentively Maintained the Property
- Family Owned and Operated for the Last 13 Years
Executive Summary
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire a four-unit apartment community situated north of Koreatown. The subject property is located southwest of the 101 Freeway & east of Normandie Avenue.
The property is situated on a 4,078 square foot parcel and comprises of four large units. There is 41% remaining rental upside that new ownership can capture through interior renovations.
As one of Los Angeles’ most densely populated neighborhoods, this submarket’s popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new groundup development in the immediate gentrifying area, the location has been catering to families, young professionals and artists alike in recent years.
Taking into consideration the property’s strong location and remaining value-add components, 4307 Clinton Street is well suited to provide investors with healthy returns and long-term appreciation potential.
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire a four-unit apartment community situated north of Koreatown. The subject property is located southwest of the 101 Freeway & east of Normandie Avenue.
The property is situated on a 4,078 square foot parcel and comprises of four large units. There is 41% remaining rental upside that new ownership can capture through interior renovations.
As one of Los Angeles’ most densely populated neighborhoods, this submarket’s popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new groundup development in the immediate gentrifying area, the location has been catering to families, young professionals and artists alike in recent years.
Taking into consideration the property’s strong location and remaining value-add components, 4307 Clinton Street is well suited to provide investors with healthy returns and long-term appreciation potential.
Property Facts
| Price | $1,025,000 | Building Class | C |
| Price Per Unit | $256,250 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 4,044 SF |
| Cap Rate | 6.01% | No. Stories | 2 |
| Gross Rent Multiplier | 12.08 | Year Built | 1921 |
| No. Units | 4 | Parking Ratio | 0.49/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,025,000 |
| Price Per Unit | $256,250 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 12.08 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,044 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 0.49/1,000 SF |
| Opportunity Zone |
Yes |
1 of 1
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 5520-004-025 | Improvements Assessment | $184,707 |
| Land Assessment | $307,851 | Total Assessment | $492,558 |
PROPERTY TAXES
Parcel Number
5520-004-025
Land Assessment
$307,851
Improvements Assessment
$184,707
Total Assessment
$492,558
zoning
| Zoning Code | LAR3 |
| LAR3 |
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4-Unit Bordering Koreatown & East Hollywood | 4307 Clinton St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.