Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90004 4316 Clinton Street

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Presented By: Leonardo Laterza with Marcus & Millichap RE Invest; leonardo.laterza@marcusmillichap.com
  • MLS# OC25096722
  • 05/01/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 2
  • SQFT • 4,924
  • Garage • 4
  • Year Built • 1924

Home Details

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.
Presented By: Leonardo Laterza with Marcus & Millichap RE Invest; leonardo.laterza@marcusmillichap.com

Interior Features for 4316 Clinton Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
FlooringWood
Heating Y/NNo
Laundry FeaturesInside
Total Stories2

Other Rooms

Entry Level1

General for 4316 Clinton Street

AccessibilityNone
Additional Parcels Y/NNo
AppliancesMicrowave, Refrigerator
Architectural StyleSpanish
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.24
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban, Gated
ContingencyNone
CountyLos Angeles
Current FinancingConventional
DirectionsTake US 101 North, use right lane to take Exit 6A for Vermont Ave, use middle lane to turn right into Vermont Ave, turn left onto Clinton St, turn left onto Heliotrope Dr, turn right onto Clinton St and d
ElectricStandard
Electric Expense1850.0
Electric On Property Y/NNo
Entry LocationGround
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4225.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet5933.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income103755.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Open Parking Spaces2.0
Operating Expense45050.0
Other StructuresTwoOnALot
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofFlat
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot173
Taxes$23,760
Tenant PaysElectricity, Gas
Total Actual Rent12784.0
Trash Expense0.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
ViewNeighborhood
Water Sewer Expense1949.0
Year Built1924
Year Built SourcePublicRecords
ZoningLAR3

Exterior for 4316 Clinton Street

Building Area Total4924.0
Crops Included Y/NNo
FencingWroughtIron
Foundation DetailsCombination
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1362
Lot Size Area5933.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesGarage
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,980,000
MLS#OC25096722
List Date 05/01/2025
Property Type Multi-Family
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